Pennie Insurers Present Plan Designs and Benefits

All nine managed care organizations offering health insurance coverage through Pennie, PA’s Health Insurance Marketplace, presented their individual markets and plan designs during this a Pennie Insurer Marketplace Plan Review. Jefferson Health Plans, a new competitor in Bucks, Montgomery, and Philadelphia counties, presented their new plans for potential customers along with hospital and provider networks. Highmark and Geisinger have added plans in several new counties as they expand their footprint from 2023. According to the PA Insurance Department, all insurers currently offering individual market coverage in Pennsylvania’s 67 counties will continue to provide plans in 2024 with a statewide average premium increase of 3.9%, which is lower than what insurers initially filed and what was reported this summer. The individual health insurance market rate increases are lower than last year’s increases and are trending lower than current national averages for 2024 health plans. Open Enrollment begins November 1, 2023, and ends January 19, 2024.