Next week is the second, and final, week of Veto. I do not anticipate much action- as you'll quickly see below.
Committee Updates
There are no healthcare related committees posted for next week.
2024 Open Enrollment
This week marks the beginning of the open enrollment period and Illinoisians will have until the middle of January to make a selection.
The Illinois Department of Insurance also released health insurance rates for the 2024 Plan Year, announcing that there are now twelve issuers offering ACA Marketplace health plans in Illinois.
“Our list of health insurance carriers continues to grow, and this year Aetna Life Insurance Company will join that list, offering ACA Marketplace plans in Cook, DuPage, Kane, Lake, and McHenry counties,” said IDOI Director Dana Popish Severinghaus. “Just three years ago, there were five carriers offering plans throughout the state, and now that number has more than doubled to twelve.”
In some areas of the state, consumers will see a decrease in health insurance premiums, and other areas will see increases, with the majority of counties having rate changes between -5% and 15% (in the second-lowest cost Silver plan). The average rate change across all rating areas for the second lowest cost Silver plans is a 4% increase.
Last year in Illinois, 342,995 ACA Marketplace plans were selected during Open Enrollment, and more than 88% of enrollees received advanced premium tax credits (APTCs) to help lower their monthly premiums. According to HealthCare.gov, many consumers can find a plan for $10 or less per month.
Bill Introductions
There were no new bills of interest introduced since the last newsletter.
Rulemaking
No new rulemaking of interest.
