ACA Marketplace gains popularity

03/11/2014

A recent ASPE study, on the ACA Health Insurance Marketplace enrollment, found some interesting statistics, which are presented in the chart on the left. One of the more striking findings is that of how popular the silver group of plans is. Over half of the marketplace participants (65%) chose this particular group. People continue to find that this group offers the best value for money.

Another interesting discovery is that the vast majority of participants received the federal assistance that lessened their insurance premium burden. Only 15% of the buyers did not receive such assistance.

You can find more statistical research information in our Summary Enrollment Report.

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ACA Marketplace gains popularity pie chart


Total Marketplace Plan Selection

10-1-2013 to 3-31-2014 (Including SEP Activity through 4-19-14)

DescriptionMarketplace Total Number(SBMs & FFM)Marketplace Total Percent(SBMs & FFM)Number of States Implementing Their Own Marketplaces (SBMs)Percent of States Implementing Their Own Marketplaces (SBMs)Number of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)Percent of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)
Number of Individuals Who Have Selected a Marketplace Plan8,019,763n/a2,573,585n/a5,446,178n/a

Marketplace Plan Selection by Gender

10-1-2013 to 3-31-2014 (Including SEP Activity through 4-19-14)

DescriptionMarketplace Total Number(SBMs & FFM)Marketplace Total Percent(SBMs & FFM)Number of States Implementing Their Own Marketplaces (SBMs)Percent of States Implementing Their Own Marketplaces (SBMs)Number of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)Percent of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)
Female4,301,65654%1,307,66753%2,993,98955%
Male3,633,92046%1,182,94447%2,450,97645%
Subtotal: Plan Selections With Available Data on Gender7,935,576100%2,490,611100%5,444,965100%
Unknown Gender84,187n/a82,974n/a1,213n/a

Marketplace Plan Selection by Financial Assistance Status

10-1-2013 to 3-31-2014 (Including SEP Activity through 4-19-14)

DescriptionMarketplace Total Number(SBMs & FFM)Marketplace Total Percent(SBMs & FFM)Number of States Implementing Their Own Marketplaces (SBMs)Percent of States Implementing Their Own Marketplaces (SBMs)Number of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)Percent of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)
With FA6,670,45885%1,987,19682%4,683,26286%
Without FA1,201,10515%438,18918%762,91614%
Unknown FA Status148,200n/a148,200n/a0n/a
Subtotal: Plan Selections With Available Data on Financial Assistance7,871,563100%2,425,385100%5,446,178100%

Marketplace Plan Selection by Metal Level

10-1-2013 to 3-31-2014 (Including SEP Activity through 4-19-14)

DescriptionMarketplace Total Number(SBMs & FFM)Marketplace Total Percent(SBMs & FFM)Number of States Implementing Their Own Marketplaces (SBMs)Percent of States Implementing Their Own Marketplaces (SBMs)Number of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)Percent of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)
Bronze1,585,02220%645,82725%939,19517%
Silver5,238,31465%1,482,72558%3,755,58969%
Gold682,9729%218,1419%464,8319%
Platinum393,1645%176,3857%216,7794%
Catastrophic125,5852%36,7951%88,7902%
Subtotal: Plan Selections With Available Data on Metal Level8,005,697100%2,559,529100%5,446,168100%
Standalone Dental1,129,739n/an/an/a1,129,739n/a
Unknown Metal Level14,066n/a14,056n/a10n/a

Marketplace Plan Selection by Age

10-1-2013 to 3-31-2014 (Including SEP Activity through 4-19-14)

Description Marketplace Total Number(SBMs & FFM)Marketplace Total Percent(SBMs & FFM)Number of States Implementing Their Own Marketplaces (SBMs)Percent of States Implementing Their Own Marketplaces (SBMs)Number of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)Percent of States With Marketplaces that are Supported by or Fully-Run by HHS (FFM)
Age < 18497,5226%141,9066%355,6167%
Age 18-25869,47611%264,453 10%605,02311%
Age 26-341,379,46717%446,13817%933,32917%
Age 35-441,371,64517%431,24317%940,40217%
Age 45-541,814,83723%595,92123%1,218,91622%
Age 55-642,036,25125%664,20826%1,372,04325%
Age ≥6536,504 0%15,6621%20,8420%
Ages 18 to 342,248,94328%710,59128%1,538,35228%
Ages 0 to 342,746,46534%852,49733%1,893,96835%
Subtotal: Plan Selections With Available Data on Age 8,005,702100%2,559,531100%5,446,171100%
Unknown Age14,063n/a14,056n/a7n/a