HSRI enrollment increases 6% in 2019

ENROLLMENT THROUGH THE Rhode Island state health exchange increased 6 percent to 32,486 customers in 2018.
ENROLLMENT THROUGH THE Rhode Island state health exchange increased 6 percent to 32,486 customers in 2018.

PROVIDENCE – Healthsource RI, the state’s health care exchange, saw 32,486 people sign up for health insurance during its open enrollment period, representing an increase of 1,849 year over year, the exchange announced Monday.

The state also posted a record low portion of uninsured residents at 3.7 percent, a decline from 4.2 percent one year prior. Roughly 80 percent of customers in 2018 renewed in 2019.

“The results are in: The Affordable Care Act is working in Rhode Island,” said Gov. Gina M. Raimondo. “More than 1 million Rhode Islanders have insurance for the first time ever, our uninsured rate is the lowest it’s ever been, and HealthSource RI offers some of the most affordable plans in the country.”

Heathsource RI said that it offers the third-lowest benchmark-plan cost in the nation.

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“I’m excited we were able to connect even more Rhode Islanders with quality health insurance and the financial assistance to pay for it,” said HealthSource RI Director Zachary W. Sherman. “It is clear that the improvements we made to the enrollment process paid off this year, a testament to the flexibility that comes with having local control of our operations.”

Customers of the state exchange received a combined $8.3 million in federal Advance Premium Tax Credits, offsetting rising prices of premiums for 81 percent of exchange customers.

HSRI noted that the average monthly premium that is not covered by APTCs has risen from $349.63 in 2017 to $441.91 in 2019. HSRI said that the cost of premiums that did not receive tax credits increased 26.4 percent in that time. It also noted that many of those that did not receive credits were middle-class customers and small businesses.

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