Wisconsin Small Business Owners: Update on Health Insurance Marketplace

Date: November 01, 2022

The Office of the Commissioner of Insurance reports there are an estimated 312,000 uninsured individuals in Wisconsin, with the uninsured rate estimated at 5.5 percent in 2020. According to the Wisconsin Individual Health Insurance Market Analysis, the Affordable Care Act individual market has grown 8 percent from 2018-2021, yet over half of the uninsured adult population report knowing little or nothing about marketplace coverage options.

 

There were 212,209 consumers selecting plans through the ACA Marketplace for the 2022 plan year, 88 percent of these consumers qualified for premium subsidies funded by the American Rescue Plan Act.

 

Insurance Commissioner Nathan Houdek said, “this report provides important insights for health care advocates, enrollment assistance organizations, health plans, and our agency as we prepare for the 10th Annual Open Enrollment period.  This is the first of three reports we have commissioned with the State Flexibility Grant funding to help us evaluate and monitor the health insurance market in Wisconsin.”

Related Content: Small Business News | Wisconsin

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