SAN FRANCISCO, Jan. 7, 2020 /PRNewswire-PRWeb/ -- With the close of the open enrollment period in the 38 states using the federal health insurance Marketplace, HealthSherpa announced its 2020 open enrollment results.
Between November 1st and December 17th, 2019, HealthSherpa enrolled 1.2 Million people in ACA coverage - a 143% increase over the prior Open Enrollment period. Over 31,000 of these enrollees were able to take advantage of the deadline extension granted by the Centers for Medicare and Medicaid Services. In total, HealthSherpa accounted for over 14% of ACA enrollments across the 38 Federal Marketplace states.
Most HealthSherpa consumers found coverage for $47/month or less, and 72% enrolled in silver plans, which offer comparable coverage to employer-sponsored health insurance. In aggregate, HealthSherpa has enrolled over 3 million Americans in on-exchange health insurance since 2014.
HealthSherpa is one of a handful of companies approved to use the Department of Health and Human Services' innovative new Enhanced Direct Enrollment (EDE) technology, and was the first company granted approval on November 28th, 2018. In the 2020 Open Enrollment Period, HealthSherpa hosted the EDE platform for 37,000 insurance agents and over 15 insurance carriers.
EDE permits private companies to carry out all enrollment and related activities for on-exchange health coverage. HealthSherpa is approved for Phase 3, which allows HealthSherpa to process all applications, including those for rare tax circumstances, end-to-end on HealthSherpa.com.
"Continued strong enrollment year over year shows that consumers and issuers alike are deeply invested in the ACA Marketplace," said HealthSherpa CEO George Kalogeropoulos. "Technologies like Enhanced Direct Enrollment are making it easier than ever for issuers, agents, employers, and other stakeholders to help Americans enroll in comprehensive coverage, and to help them manage that coverage throughout the year. We are proud to be at the forefront of ACA enrollment and to have the privilege of helping millions of Americans access the peace of mind that can only come with high-quality, ACA-compliant coverage."
HealthSherpa partners with large employers, insurers, as well as insurance agencies and agents to support consumers searching for, enrolling in and utilizing high quality, affordable health insurance coverage. HealthSherpa only sells ACA marketplace plans, which have built-in consumer protections, and since its founding in 2014, has enrolled over 3 million Americans in Affordable Care Act coverage. For more information, visit http://www.healthsherpa.com.