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Category Archives: Open Enrollment

Switching plans resulted in significant savings for Marketplace consumers

Switching plans resulted in significant savings for Marketplace consumers

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Full-year enrollees saved nearly $400 on premiums after tax credits for the same level of coverage in 2015

Health and Human Services Secretary Sylvia M. Burwell announced today the findings of a new report that shows that consumers who reenrolled in the Health Insurance Marketplace last year and who switched to a plan with the same level of coverage saved nearly $33 per month after tax credits, or almost $400 annually, relative to what they would have paid had they remained in the same plan as in 2014.  Those who also switched issuers within the same level of coverage were able to save $41 per month, or over $490 annually after tax credits.

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