Pennsylvanians will have more health insurance options in 2024, according to the Individual and Small Group Affordable Care Act (ACA) of 2024, announced Thursday by the Pennsylvania Department of Insurance.
Increasing competition in the market, lower interest rate hikes than last year, and below the rate of health care inflation are among the reasons for the increase in options.
“Pennsylvanians want access to affordable, comprehensive, ACA-compliant health insurance.”Pennsylvania Insurance Commissioner Mike Humphries said in a statement. “The Shapiro Administration is dedicated to the health, well-being and financial security of all Pennsylvanians, and we are committed to ensuring consumers have affordable options for obtaining insurance.”
Highmark is expanding into five new counties (Montgomery, Bucks, Chester, Delaware, and Philadelphia), and Geisinger is expanding its individual and small group services to Bedford County. This will increase consumer choice. As Pennsylvania welcomes another new entrant to the Southeastern market, Jefferson Health Plans, consumers in Montgomery, Bucks, and Philadelphia counties will be worried about health insurance companies offering coverage in the individual market. There will probably be more.
This is the sixth year that competition has been fierce in Pennsylvania. State residents will also have new options for dental plans, including a new standalone dental plan available in Pennsylvania’s 59 counties underwritten by UnitedHealthcare. Pennsylvanians will see these new plan options when shopping at Pennie.
Pennsylvania residents can find quality health plans at the lowest cost through Penny, the state’s official health insurance marketplace. Penny will reduce premiums and medical costs, allowing 9 out of 10 of his current enrollees to qualify. All health plans available through Penny include consumer protections, including coverage for pre-existing conditions.People who do not have health insurance through work or government insurance (such as Medi)If you have Care or Medicaid, your premiums may be lower through Penny.
“Penney offers many Pennsylvanians a way to save money while receiving quality health insurance protection. It builds on the important work of the Ministry,” he said. Penny Executive Director Devon Trolley. “If you are uninsured or looking for better medical coverage, we encourage you to visit pennie.com to protect your health, wallet and peace of mind.”
Penny’s upcoming open enrollment period is the only time you can sign up for individual and family health insurance in 2024. Open enrollment begins November 1st of this year, and the deadline for insurance starting January 1st is his December 15th. , only individuals who have had a change in their lives, such as losing Medicaid or family event coverage, can enroll year-round.
