- Associated Press - Saturday, November 22, 2014

Here’s a look at where New York’s health insurance exchange stands at the end of its first year operating under the Affordable Care Act:

THE INSURED

The exchange enrolled 370,604 people with commercial and nonprofit insurers, 525,283 in Medicaid and 64,875 in the state’s Child Health Plus coverage for families with moderate incomes. Health officials say they monitor provider networks, which continue to meet adequacy standards, and they haven’t heard from consumers having trouble seeing providers.

THE INSURERS

For the coming year, 16 insurers offer plans for individuals and families, while American Progressive is dropping out and Wellcare is joining. Nine insurers offer coverage for small businesses with 50 or fewer staff, with Oxford Health Plan leaving that exchange and EmblemHealth joining. Six insurers are expanding offered coverages.

WAIT TIMES

Following initial delays the first few days after the state-run website was launched last Oct. 1, the state Health Department says it has operated smoothly, with the time to load a page now averaging 2.5 seconds. It’s been updated to include a tax credit calculator for next year.

COSTS

Deductibles and co-payments remain the same for all but one plan, where they have been lowered. New York insurance regulators say 2015 premiums average 4.5 percent increases for the individual market and 6.7 percent for the small businesses, both less than half what the insurers requested. The Department of Financial Services says individual rates in New York, both inside and outside the exchange, will continue to be lower since its establishment because the influx of new customers has significantly driven rates down.


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