Health insurance in Austin see uptick in signups
with ACA Due to COVID-19
Austin health insurance companies are singing to the mountaintops these days as
the current administration's rescue package has given millions of Americans a
never-before-seen opportunity to receive affordable health insurance.
Those numbers naturally have led to a massive uptick in signups,
meaning that insurers nationwide are having one of their best years
ever selling individual plans under the Affordable Care Act thanks to
a special enrollment period.
President Biden drove that point home recently
when he announced that more than 2 million people
have signed up.
According to Forbes, a snapshot of the latest
enrollment increase for health insurers could be
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.
Centene chairman and chief executive
Michael Neidorff told analysts on a call to
discuss second quarter earnings, "While
typically, we would have lost members
during this period.
This represents 6% growth." Rick Thornton, an Austin health insurance agent and a huge
proponent of anything that will benefit his fellow Americans, said that the fact that insurers are this
happy is a sign of good things to come, even after the special enrollment period ends.
It's also a sign of good things to
come for other health insurers who
have yet to report their second
Any relief, especially with expanded healthcare
coverage during times when the nation has
undoubtedly been hit hard by the COVID-19
pandemic, is a step in the right direction, he
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