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April 24, 2020

ACA Individual Market Stabilizing Amid Broker Concerns

While insureds and brokers alike are concerned with out-of-network costs that often come with ACA Individual Plans, studies show this market seems to be stabilizing.  The Robert Wood Johnson Foundation reports that more people in need are enrolling in ACA Individual Plans than other alternatives, such as short-term plans.  Although the ACA Individual Plans are still more costly than the short-term plans and other non-ACA-compliant plans, the market is continuing to get healthier, leading to more stability.