Obamacare Enrollment Center
12421 N Florida Ave Suite 120
Tampa, FL 33612
Fast easy enrollment over the phone call today!
About Obamacare Florida blue health insurance
Health insurance marketplaces first emerged in the private sector in the early 1980s, and they used computer networking to integrate claims management, eligibility verification, and inter-carrier payments. It became popular in some regions as a way for small and medium-sized businesses to pool their purchasing power into larger groups, reducing cost. They are organizations in each state through which people can purchase health insurance that complies with the Patient Protection and Affordable Care Act (ACA, known colloquially as "Obamacare") at ACA health exchanges.
Obamacare maintained the concept of health insurance exchanges as a key component of health care. President Obama stated that it should be "a market where Americans can one-stop shop for a health care plan, compare benefits and prices, and choose the plan that's best for them, in the same way, that Members of Congress and their families can.
Why Florida Blue make Profit in Marketplace
Florida Blue always had a plan in place and the health insurer anticipated that many signing up for it’s ACA plans might be sickly. Insurance companies do not make money off sick clients. Thus it made some changes to prevent costly clients on its payroll. Nurses are designed to each new enrollee to make sure they were seeking care to prevent more expensive claims further down the road.
Also, Florida Blue offers on-the-spot free health screenings at one of it is many retail clinics all across the state. The option to have blood pressure, blood glucose, or cholesterol screenings or all of them are available to those who visit the center. The exchange business hit insurers hard as many rules allowed sicker people to sign up.
Florida Blue planning to stay in ACA marketplace
By 2018, Florida Blue plans to stay in the health insurance marketplace through the future of Obamacare and its subsidies are still unclear. In 2016, Florida approved a 19% rate increase for Florida Blue. The average increase for all insurers was 19.1%. But those figures don't take into account the subsidies that about 93% of buyers received.
Some of the major insurers are pulling out which makes Florida Blue have the intention to stay in every county and with this, it won’t make insurer rates to change. The 2018 rates could not be disclosed until they are submitted to the Florida Office of Insurance Regulation later and then made public by the agency. If subsidies are not approved, their rates will be 20 percent higher than what they submit to the Office of Insurance Regulations. That is in line with projections that show an increase of 9 percent to 27 percent in premiums in more than three dozen states that participate in the marketplace if cost-sharing subsidies are taken away by lawmakers, who are working on an Obamacare replacement bill.
The non-profit insurance company has kept a strong presence in the marketplace in Florida, providing coverage for close to 1 million people in all 67 counties. More than 70 percent have subsidies.