Public exchange open enrollment will begin on Saturday November 15 for both individual and SHOP plans on The Public Exchanges allow for direct comparisons of qualified health plan (QHP) options on the basis of price, quality and other factors. QHPs are grouped into four “precious metal” tiers based on their actuarial value: platinum, gold, silver, and bronze. The Public Exchanges also coordinate eligibility for subsidies such as premium tax credits and cost-sharing reductions.

The first public exchange open enrollment period began on October 1, 2013 did not end until March 31, 2014 because of widespread technical difficulties. It is widely expected that this second year of open enrollment will go more smoothly, and will last for only three months. 2015 open enrollment is scheduled to conclude on February 15, 2015.

Experts expect to see the following changes in this second year of public exchange open enrollment:

  • Lower premiums than 2014, or modest premium increases (below 5%)
  • More choice (carrier participation increased 20-25% nationally)
  • Online SHOP enrollment for small employer groups

To read more about 2015 public exchange open enrollment from Forbes, click here.

To learn more about how Mueller QAAS can help your business evaluate its public exchange options, click here.