As signaled in the 2022 #NBPP #PaymentNotice Part 2, the Biden Administration has issued a 2022 NBPP Part 3 on #ACA #Exchanges. Proposals include:
-Increase in enrollment opportunities
-Repealing Trump admin option allowing states to leave Exchanges
public-inspection.federalregister.gov/2021-13993.pdf
-Increase in enrollment opportunities
-Repealing Trump admin option allowing states to leave Exchanges
public-inspection.federalregister.gov/2021-13993.pdf
The Biden Admin is proposing extending open enrollment by 30 days and creating a monthly special enrollment period (SEP) for low-income people with incomes up to 150% of poverty.
The rule contemplates risk of adverse selection with a monthly SEP for low-income people in ACA Marketplaces. Low-income people are more price sensitive but this group is eligible for free-premium plans, which may dampen the adverse selection risk.
As expected, the Biden Admin is repealing the direct enrollment Exchanges option, which would have allowed states to dismantle Exchanges and required consumers to shop on insurers’ websites.
HHS explains the direct enrollment pathway would have fractured enrollment experience:
HHS explains the direct enrollment pathway would have fractured enrollment experience:
The #NBPP Part 3 signals the Biden Admin intends to propose standardized plans with preferential display for Federal Exchanges in 2023 NBPP.
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