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9.9 million sign up for insurance on health exchanges, CMS says

The average tax credit is $270 per month.

Susan Morse, Senior Editor

Enrollment figures released this week by the Centers for Medicare and Medicaid show close to 10 million people have signed up for insurance through the Health Insurance Marketplace, as of June 30. CMS said 9.9 million individuals had paid their premiums and had an active policy by the end of June.

About 84 percent, or more than 8.3 million consumers, are receiving an advanced premium tax credit, according to CMS. The average tax credit is $270 per month.

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The 10 states with the highest rate of consumers who received tax credits are: Mississippi, Wyoming, North Carolina, Florida, Alabama, Louisiana, Georgia, Arkansas, Wisconsin and Alaska.

The states with the lowest rate of consumers receiving tax credits are: the District of Columbia, Minnesota, Colorado, Hawaii, New Hampshire, Vermont, Utah, Kentucky, Maryland, and New York. 

For the 10 states with the highest rate of consumers receiving financial assistance, all but Arkansas had not expanded Medicaid, according to CMS.

In addition to the tax credits, 56 percent, or about 5.6 million consumers, are getting cost saving reductions to lower the amount they pay out-of-pocket for deductibles, coinsurance, and copayments. This financial assistance generally is available if a consumer's household income is between 100 percent and 250 percent of the federal poverty level, the consumer is otherwise eligible for tax credits, and the individual chooses a health plan from the silver plan category.

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Of the 9.9 million who signed up, 7.2 million are enrolled through the 37 federally facilitated marketplaces and 2.7 million through the state-based marketplaces.

CMS releases quarterly reports on enrollment.

The numbers released Tuesday are consistent with the Department of Health and Human Service's enrollment target of 9.1 million for the end of 2015.

Twitter: @SusanMorseHFN