Rick Thornton, an insurance agent in Austin, says the idea behind the special enrollment period is to help Americans with better health insurance.
AUSTIN, TEXAS, USA, August 10, 2021 /ENDdresswire.com/ — Austin Health Insurance companies are singing to the mountaintops these days, as the current administration’s bailout package has given millions of Americans an unprecedented opportunity to obtain affordable health insurance. Those numbers have, of course, led to a huge surge in sign-ups, meaning insurers across the country are having one of their best years ever selling individual plans under the Affordable Care Act thanks to a special enrollment period.
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The current bailout package, which also included the $1,400 stimulus checks and the new monthly direct payments for families, was originally signed in March and has quickly benefited so many Americans who were previously uninsured or underinsured. President Biden recently brought that point home when he announced that more than 2 million people have signed up. According to Forbes, a snapshot of the latest surge in health insurance enrollments was seen last week when Centene reported the addition of tens of thousands of new members to its individual coverage — including those with health insurance in Austin. Michael Neidoff, chairman and chief executive of Centene, told analysts during a call to discuss second-quarter earnings, “Whereas we would normally have lost members over this period. That’s a growth of 6%.”
Rick Thornton, and Austin health insurance company and a strong supporter of anything that will benefit his fellow Americans, said the fact that insurers are so happy is a sign of good things to come, even after the special enrollment period ends. It’s also a sign that good things are coming for other health insurers that have yet to report their second-quarter earnings. Any relief, especially with expanded healthcare coverage at a time when the country has undoubtedly been hit hard by the COVID-19 pandemic, is a step in the right direction, he said.
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Austin health insurance faces a rate hike as COVID-19 continues to impact healthcare