Ambetter Health Expands Health Insurance Offering into Iowa in 2024

Rhea-AI Summary

Ambetter Health, a product offered by a Centene (NYSE: CNC) company, is expanding its health insurance offering to 33 counties in Iowa for 2025. The open enrollment period runs from Nov. 1, 2024, through Jan. 15, 2025, with coverage starting Jan. 1, 2025, for those who enroll by Dec. 15.

Ambetter Health provides affordable and reliable coverage for all essential health benefits, including preventive care, maternity services, and prescription drug coverage. Key features include:

• Virtual 24/7 Care for remote access to licensed providers
• Convenient online enrollment through the Ambetter Health website
• Some plans offering dental and vision coverage

The expansion aims to provide Iowans with affordable health insurance options and contribute to building a healthier state.

Positive

• Expansion into 33 new counties in Iowa, potentially increasing market share and revenue
• Offering comprehensive health coverage including essential benefits and some plans with dental and vision coverage
• Providing Virtual 24/7 Care, enhancing accessibility to healthcare services
• Implementing a user-friendly online enrollment platform, potentially increasing customer acquisition

Negative

• None.

Insights

Market Research Analyst

Ambetter Health's expansion into Iowa represents a strategic move by Centene to increase its market presence in the Affordable Care Act (ACA) marketplace. This expansion into 33 Iowa counties could potentially impact CNC's revenue and market share in the health insurance sector.

Key points to consider:

• The expansion aligns with the growing trend of increased ACA marketplace participation, which could lead to revenue growth for Centene.
• Offering a variety of plans, including essential health benefits and additional services like dental and vision, positions Ambetter to capture a diverse customer base.
• The focus on digital enrollment and telehealth services demonstrates adaptation to consumer preferences for convenience and accessibility, potentially increasing competitiveness.
• However, profitability in new markets can take time to achieve and initial costs of expansion may impact short-term financial performance.

While this expansion is a positive development for Centene's growth strategy, investors should monitor enrollment numbers and financial performance in the Iowa market to gauge its impact on the company's overall financial health.

Iowa residents will have access to a variety of affordable plans from Ambetter Health during open enrollment beginning Nov. 1

DES MOINES, Iowa, Oct. 2, 2024 /PRNewswire/ -- Ambetter Health, a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, will now offer Iowans a variety of affordable health insurance plans to residents in 33 counties in Iowa in 2025. Open enrollment for the Health Insurance Marketplace for Iowa runs from Nov. 1, 2024, through Jan. 15, 2025. Enroll by Dec. 15 for coverage starting Jan. 1, 2025.   

"With Ambetter Health, we've designed a variety of coverage options to help individuals access viable health solutions designed to meet their unique needs," said Mitch Wasden, Plan President & CEO of Iowa Total Care. "Our commitment is not just to provide high-quality insurance, but to build a healthier Iowa for all, where every member feels valued, supported and equipped to thrive."

Ambetter Health offers its members access to quality care, convenient services and valuable rewards. The 2025 benefits and offerings include:

• Affordable and Reliable Coverage
  Ambetter Health provides coverage for all essential health benefits, including preventive and wellness services, maternity and newborn care, pediatric services, mental health services, hospitalizations and prescription drug coverage. Some plans also include dental and vision coverage.

• Virtual 24/7 Care
  Virtual 24/7 Care offers members an Ambetter-designated licensed provider via telehealth for members to access care for illnesses such as flu, skin conditions, ear infections, fever and respiratory infections – all from the comfort of their own home.
  
  
• Convenient Online Enrollment
  Through the Ambetter Health website, people can browse and compare coverage options, determine their eligibility for financial subsidies and directly enroll in coverage – all in one place. The platform is accessible through mobile devices, so people can enroll using smartphones. If a person is unable to complete enrollment all at once, the system will save progress and provide reminders to finish enrollment.

Below is a full list of the counties in which Ambetter Health will be offered in 2025:

• Benton
• Buchanan
• Cedar
• Cerro Gordo
• Cherokee
• Chickasaw
• Clinton
• Crawford
• Dubuque
• Floyd
• Fremont
• Hancock
• Hardin
• Henry
• Ida
• Jackson
• Jefferson
• Kossuth
• Lee
• Linn
• Louisa
• Mahaska
• Mills
• Monona
• Monroe
• Montgomery
• Pottawattamie
• Ringgold
• Shelby
• Sioux
• Van Buren
• Washington
• Woodbury

Iowa residents interested in learning more about Ambetter Health or enrolling in a health plan during the open enrollment period may visit ambetterhealth.com/en/ia. 

About Ambetter Health
Ambetter Health serves under-insured and uninsured populations through the federal Health Insurance Marketplace. Ambetter Health is underwritten by Iowa Total Care, Inc., which is a Qualified Health Plan issuer in Iowa. For more information, please visit ambetterhealth.com/en/ia/. This is a solicitation for insurance. For information on your right to receive an Ambetter Health plan free of discrimination, or your right to receive language, auditory and/or visual assistance services, please visit ambetterhealth.com/en/ and scroll to the bottom of the page.

View original content:https://www.prnewswire.com/news-releases/ambetter-health-expands-health-insurance-offering-into-iowa-in-2024-302264639.html

SOURCE Ambetter Health

FAQ

When does open enrollment for Ambetter Health in Iowa start for 2025 coverage?

Open enrollment for Ambetter Health in Iowa starts on November 1, 2024, and runs through January 15, 2025, for 2025 coverage.

How many counties in Iowa will Ambetter Health (CNC) offer coverage in 2025?

Ambetter Health will offer health insurance coverage in 33 counties in Iowa for the 2025 plan year.

What are some key benefits offered by Ambetter Health plans in Iowa?

Ambetter Health plans in Iowa offer essential health benefits, Virtual 24/7 Care, and some plans include dental and vision coverage. They also provide convenient online enrollment.

What is the deadline to enroll in Ambetter Health for coverage starting January 1, 2025?

To have Ambetter Health coverage starting January 1, 2025, individuals must enroll by December 15, 2024.