Affordable-Insurance-Rates-Ohio

Average Health Insurance Plan Rate In Ohio

We analyzed the health insurance policies all around Ohio and found out that the cheapest health policies in Ohio are CareSource Marketplace Low Premium Silver, Ambetter Balanced Care 29, and Constant Care Silver plans. But it is important to know that all of these insurances are not available in every city within Ohio, so the rates of these plans may differ depending upon where your residence is.

People living in Ohio can find cheap health insurance through places such as United Healthcare or Anthem, there is a wide variety of available options. The health insurance is given according to your income. The best health insurance will depend upon your budget and the cost expected. It is recommended to compare various companies before buying a plan for yourself.

We suggest using low-cost health insurance plans to start with to determine the costs and advantages you are expected to get from a given coverage’s metal tier.

The health insurance policies are divided into metal tiers, which depict the advantages and the expenses you would incur for that particular tier category. 

Our team has conducted extensive research on the affordable health insurance policies around Ohio for each tier and have uncovered the lowest cost health insurance plan options in order for you to get the best level of coverage at extremely affordable pricing.

Various factors contribute to the cost of medical coverage. The cost of health insurance majorly depends on the chosen tier and the age of an individual. People with older age face comparatively high premiums. 

A 60-year-old individual would be charged 112% higher costs for a health policy as compared to a 40-year old person, and it remains the same for all the levels of a health plan. Similarly, a 40-year-old person is charged 28% higher as compared to a 21-year old person. In 2020, the average price of an individual health plan for a 40-year-old person across all metal tiers of the plan is $495. 

 

Finding your best health insurance coverage in Ohio

The health insurance plan you choose is different depending upon the area where you live in Ohio. In order to choose the plan which is best for you, you need to take your salary and medical expenses into consideration, as it will affect the cost you would have to pay and the coverage required to fulfill your requirements.  

The metal tiers of higher-coverage are more and more expensive in regards to the premiums but lower-cost sharing is what makes them ideal for families with heavy and consistent health expenditures. 

In contrast, the lower-coverage metal-tier health policies have affordable rates but their high costs from pockets make them helpful only in case you are saving for an emergency and do not expect consistent high-cost medical expenditures 

Gold plans: Best for families with high or consistent medical expenses

Gold plan is ideal for the families that expect a time to time high medical expenditure. The gold health insurances have the most expensive monthly premiums but affordable out-of-pocket costs. 

This means that you would have to pay significantly less from your pocket before your health plan gives you coverage. This is the best pick if you have ongoing medications or illnesses. Someone in the family is suffering from a chronic disease or expects large medical expenses and you would like to have high but predictable premiums.

 

Silver plans

These kinds of programs are best suited for families that have low-income sources and don’t have excessive health expenses. The state of Ohio has enacted the Affordable Care Act and has expanded Medicaid. Due to this, the households whose income is 138% of the federal poverty level can avail of Medicaid. Therefore, families with income below the average level can choose the Silver Plan at affordable rates.

What’s unique about this plan is that it is the only plan whose policies are eligible for cost-sharing reduction subsidies, in case income is less than the preset limits. This plan is considered to be a more affordable medical insurance plan as compared to Gold plans. You may not need to save money apart from the insurance for your expenses.

 

Bronze/Catastrophic plans: 

Bronze plans are designed for young families who want to save and spend less. The basic criteria require an age less than 30 and you should qualify for specific exemptions. These plans offer lowest-cost packages and higher cost-sharing options.

However, Bronze health plans should not be your first choice when choosing insurance plans. If you are quite sure that you can afford out-of-pocket expenses while utilizing the plan, you can go for Bronze plans. The services will not be provided to you if you don’t qualify the limits of out-of-pocket deductibles and copays.

 

Health insurance rate changes in Ohio

The rates of health insurances, the costs, and out of pocket expenditures are analyzed every year by the health facility providers and then are submitted to federal regulators for approval

In 2020, the health insurance rates fell by 4% for all the metal-tiers of coverage. The price of bronze policy fell by the highest amount that is 7% or $26 per month. 

 

Best cheap health insurance companies in Ohio

There are 10 health insurance companies and two others with year over year policy on the Ohio state exchange. But not all the companies provide services in all the countries. So the best one will differ according to your location of living

  • Oscar Insurance Corporation of Ohio
  • Summa Insurance Company, Inc.
  • CareSource
  • AultCare Insurance Company
  • Oscar Buckeye State Insurance Corp.
  • Medical Health Insuring Corp. of Ohio
  • Ambetter Buckeye Community Health Plan
  • Molina Healthcare of Ohio, Inc.
  • Paramount Insurance Company
  • Community Insurance Company (Anthem Blue Cross Blue Shield)

To conclude, there are various affordable options available all around Ohio and residents can choose according to their requirements and budgets. Hopefully with information within this article will help you choose one to fulfill your medical requirements.

 

covid-19-health-insurance-options

What to do if you lost your health insurance during COVID-19

It is no secret that COVID-19 has had catastrophic effects on the lives of people as well as entire economies around the world. Many people have found their lives upended due to the pandemic. People have lost their jobs and homes, and many cannot see a secure future in sight. 

Similarly, in counties and states across America, the social and economical conditions of governments and citizens seem to be worsening since no one can determine for certain when this worldwide pandemic will wane.

Unemployment has reached record heights 

As a result of COVID-19, many businesses, regardless of their size, have been forced o reduce, cease, or entirely shut down their operations. Subsequently, as many as 47 million people, according to the officials of the Federal Reserve, have filed for unemployment. This means that not only have millions of people around the country lost their jobs, but many who depended on employers for health insurance have also, unfortunately, lost health insurance coverage

Are you a victim of the devastating socio-economic effects of COVID-19?

If you have landed on this article, it is likely that you, like many other Americans, have fallen victim to this tsunami of unemployment, and you are unsure of what the future holds for you. Undoubtedly, your mind is perhaps racing with questions about how to make up for lost health insurance coverage that has resulted from you losing your jobs. Maybe you are looking into what kind of health insurance options are available for you, and you want to know how you can register for these facilities. Or still yet, maybe you want to know if you are eligible for a special and specific type of help that you can benefit from in these bleak times.

To make this process easier for you and save you some time and worry, we have taken to compile a list of all the possible options you can avail of to get some semblance of stability and security for the future back into your life. 

So what are your options?

The following comprehensive contains all the likely options that you can select from. These include COBRA coverage or coverage under the Affordable Care Act (ACA), as well as some other, more specific alternatives. So read on for a quick rundown of COBRA and ACA coverage, and some guidelines as to how you can find the plan that best works for your exact needs:

COBRA Coverage

Say you have lost your job due to large scale layoffs that took place in the organization you worked for, but the organization itself is still continuing operations. Under such circumstances, you may be eligible to extend your health insurance coverage on account of an employer-sponsored plan, regulated by federal law, which more commonly is referred to as COBRA. COBRA coverage makes it possible for you to fund your health insurance coverage from your own pocket under the same plan that you had when you were an employee for the business; for a period of about 18 months. 

However, the catch with COBRA coverage is that it can be a bit costly for you. This is because, in the time that you were employed, you were funding your health insurance coverage with little more than a percentage of your total monthly premium, while the rest was taken care of by your employer. With COBRA coverage, on the other hand, you are solely responsible for paying the entire premium on your own. 

Coverage under the Affordable Care Act

The other alternative to the COBRA coverage is the option of purchasing an individual or group health insurance plan for your family on your own. This can be done under the rules laid out by the Affordable Care Act (ACA). 

In the case of the affordable care act, you will usually be required to wait for the enrollment period each year that opens up in the fall so that you can sign a new health insurance plan. However, in the case of lost health insurance coverage that was covered by your employer, your case will be considered a “qualifying life event” which will allow for a 60-day window to enroll.

To see what fits you best, you can shop around for group health insurance for your family or individual health insurance coverage using an insurance marketplace run by your state government. In addition to the state-run marketplace, you can look up your options on an online marketplace, or you can hire the services of an insurance broker to help your compare plans directly from insurance companies and find the perfect plan for you or your family. 

If you are going to be going it alone and conducting the research into health insurance plans and providers on your own, maybe the following tips can be of some help to you  

  • Compare health insurance plans on the market- this will help you make sure you find the best plan to not only fit your exact needs but also not exceed your budgetary allowances. As mentioned above, you can enlist the services of insurance brokers or insurance brokerage agencies 
  • Look for plans that provide coverage for your prescriptions and preferred doctors- when selecting a plan, make sure it covers the doctors you would like to continue seeing and that will cover the drugs you need to manage a condition or illness you or a member of your family has
  • Check if you are eligible for government subsidies to help make coverage affordable– if your annual household income is below a certain level, you may qualify for subsidies that can help you new plan be more affordable for you
  • If you’re under age 30, consider a “catastrophic” plan– these are health insurance plans that will cover most of the basic benefits of other ACA plans. Moreover, these plans are slightly more affordable. The only downsides to these plans are that they have higher deductibles attached to them and you cannot avail of help for government subsidies to make them more affordable.  

As there seems to be no end to this economic and public health crisis, now is a time as good as any to make sure your health and future are secured. If you find that you do not qualify for either of the options we have mentioned in this article, look into Medicaid, for which you might be eligible if you check some specific boxes. To get more details on Medicaid and whether you qualify for Medicaid, you can contact the Department of Insurance in your state.

What is the CARES Act - COVID19 - Health Insurance - Claimlinx

Impact Of Covid-19 On The Health Insurance Industry

As the viral pandemic continues, health insurance and Covid-19 has become a hot topic of conversation and concern for individuals and businesses who want to provide benefits for their employees. Although individual policy providers have unique rules and coverage options, the US government put into place the CARES Act to help people get treatment as needed. This is especially important as so many American workers are forced out of work and away from the usual medical insurance policies that help them during ordinary times.

 

What Is the CARES Act?

 

This healthcare act was created to help the uninsured or underinsured receive treatment if they were diagnosed with Covid-19. Much like Medicare functions, this system reimburses doctors and other healthcare providers for testing and treatment. Instead of giving money directly to the individual with the diagnosis, it encourages the medical community to treat them even if they do not have insurance. People or families who currently get the state equivalent of Medicaid are automatically covered beyond their usual cancellation date.

 

Can I Get Health Coverage Now?

 

If you do not have medical benefits from your employer or another source, may be difficult to sign up for coverage during the pandemic in some cases. However, the CARES Act does require you to seek out insurance first before utilizing the system. Either do searches at your policyholder website for opportunities or go directly to the government’s healthcare platform to look for extra help during your time off work.

 

If you represent a company who wants to offer more insurance options to workers at this time, it makes sense to discuss your options with a qualified healthcare consultant. It may be possible to assist employees in getting the treatment they need even with a Covid-19 diagnosis. The benefits of providing health coverage go far beyond treatment for this growing problem.

 

How to Get Health Coverage Now

 

One of the major roadblocks to solving the healthcare insurance and Covid-19 problems is the rampant unemployment caused by the shutdown of most industries across the country. While many people can work from home or on a rotating schedule that does not affect their medical benefits, others have simply lost their jobs and are left without coverage during a time when they desperately need it.

 

The industry and government have responded in ways beyond the CARES Act. Enrollment periods for a variety of policies including Medicare and Medicaid have been extended. Options to buy short-term insurance have increased. Employers are looking for new and more affordable ways to provide their workers with the best options possible.

 

Businesses who want to help need to look outside the regular options when it comes to healthcare offers and the potential for improved coverage with reduced costs. After all, if the company or organization is not working out 100% capacity during the Covid-19 pandemic, it needs to save as much money as possible so it survives these difficult economic times.

 

Investigate all options for group health or supplemental insurance, third-party administrator management, healthcare savings or reimbursement plans, and more by contacting ClaimLinx.

Man Next to Doctor

You Missed Open Enrollment, Now What?

It’s a sinking feeling many people have had — the open enrollment period for health insurance has ended, and they forgot insurance to purchase a plan for the year. If you missed open enrollment and are now in need of a health insurance plan, ClaimLinx is here for you. There are still options out there for employees, and especially employers.  

 

The 2020 Open Enrollment period for the individual marketplace through Healthcare.gov was November 1st, 2019 to December 15, 2020. Some states, especially those that do not use Helathcare.gov have extended enrollment periods, but most finish by the beginning of February. For future reference, Open Enrollment is on the same dates each year, unless specific extensions are made.

If you did not enroll during this time, individuals can still qualify for a Special Enrollment Period with a Qualifying Life Event. Aside from this option, short-term plans are available throughout the year. They are not perfect, but they are a great alternative to having no coverage at all. 

 

Special Enrollment, or a Qualifying Life Event 

Some people may quаlіfу for a ѕресіаl enrollment реriod to ѕіgn uр fоr hеаlth іnѕurаnсе. Certain lіfе еvеntѕ, lіkе lоѕіng hеаlth соvеrаgе, moving, getting married or a change in income can trіggеr a special enrollment period, which lasts up tо 60 dауѕ. Lіfе changes thаt quаlіfу fоr a special еnrоllmеnt реrіоd gеnеrаllу fаll into three саtеgоrіеѕ: сhаngеѕ in thе household, сhаngеѕ in residence оr losing hеаlth іnѕurаnсе.

 

Qualifying сhаngеѕ іn hоuѕеhоld саn іnсludе:

  • Getting mаrrіеd
  • Hаvіng a bаbу оr adopting a child
  • Getting divorced оr legally ѕераrаtеd аnd losing health іnѕurаnсе
  • Hаvіng ѕоmеоnе in your hоuѕеhоld dіе

 

Qualifying changes in residence саn іnсludе:

  • Moving to a new home in a new ZIP соdе оr county
  • Moving tо thе U.S. from a fоrеіgn country
  • If уоu’rе a student, moving to or from the рlасе you attend school
  • If уоu’rе a ѕеаѕоnаl wоrkеr, mоvіng to or frоm thе рlасе уоu lіvе аnd work
  • Moving to or from a ѕhеltеr or trаnѕіtіоnаl hоuѕіng

 

Qualifying lоѕѕеѕ of health аvеrаgе іnсludе:

  • Lоѕіng jоb-bаѕеd соvеrаgе
  • Losing individual hеаlth coverage
  • Lоѕіng eligibility for Mеdісаіd or CHIP
  • Lоѕіng eligibility fоr Medicare
  • Lоѕіng соvеrаgе thrоugh a family mеmbеr

 

Short-Term Health Insurance Plans

These are a special type of plan that can be purchased when a person is between health plans, outside of open enrollment. Short-Term Health Insurance plans provide temporary coverage for certain situations and can be a chance for some coverage in case of emergency. 

Short-term plans come with a wide range of coverages because they are not required to comply with Affordable Care Act (ACA) guidelines. That means they typically include some coverage for preventative care, doctors visits, urgent care and emergency care. It may also have some discounts on prescription drugs. But because it is not an ACA plan, be sure to read the plan limitations before enrolling on a plan. That will tell you what is covered and can help you decide if it’s the right coverage for you. 

You can shop for a short-term plan now by going to the ClaimLinx marketplace. On the site, you can request a quote and someone will reach out to you to talk about your options. 

 

What Happens Without Health Insurance

As of January 1, 2019, there is no tax penalty for not having a health insurance plan. Technically the individual mandate is still in effect but there is no penalty to enforce it. So it may seem to some like going without health insurance is not a big deal. After all, health insurance plans are expensive and if you don’t use many medical services through the year, it can feel like a waste. 

Health insurance is still important to have, for all those unforeseen moments. No one expects to need their insurance plan. People buy it every year because there’s always a chance that an accident, or even a small medical issue, could cause huge financial damage. 

Shop for a health insurance plan at any time at ClaimLinxMarketplace.com. You can purchase short-term plans or, if you qualify for a special enrollment period, you can also take a look at plans through a regular carrier. 

ClaimLinx reclaims thousands of dollars for consumers

Business pioneers strategy for employers to pay less for company health plan

CINCINNATI, Dec. 20, 2018 /PRNewswire/ — As health plan premiums rise nationally, so too do insurance companies’ earnings, but one local business has found a way to return some of those would-be profits to consumers.

ClaimLinx is a consultant, insurance agency and third-party administrator specializing in an alternative strategy for purchasing health insurance that saves companies money while delivering quality benefits.

Nationally, insurance companies reported strong growth in 2018, amassing an estimated $47 billion of global profit by the end of the second quarter, according to an analysis of company documents by Axios media company.

Not all of that money is being funneled into improving care or services. Insurance companies spend only 80 percent of funds collected in plan premiums on actual medical care, as required by the Affordable Care Act.

Packed into those huge premium bills are charges for administration, marketing and company profits for share-holders. That’s thousands of dollars each year being given to insurance companies instead of being spent on what workers really need: quality medical care.

Tom Quigley, National Benefit Consultant at ClaimLinx, says buying traditional health plans leaves a lot of money on the table, an especially difficult prospect for small businesses where profit margins are slim.

“It’s really a shame, because people are really just giving all this money away to health insurance companies without even realizing it.” 

So ClaimLinx abandons traditional methods of purchasing health insurance. Instead, it shows clients how to combine a high deductible plan from a major carrier with a self-funded medical expense reimbursement plan. 

The plan with a major carrier offers a wide physicians network with discounts for services and a stop loss in case of high medical costs. The medical expense reimbursement plan offers the ability to add a lower deductible and better cost-sharing measure for services, like copays.

Christy Quigley, President of ClaimLinx, compares this strategy to other types of coverage.

“People have car insurance, but they don’t buy it for $40 oil changes. Imagine how expensive it would be if it did. We use the same concept for health insurance.” 

This two-prong strategy allows small businesses to restore some of its health care dollars to its employees by delivering better benefits at a much lower price. 

Contact: Whitney Faber, (617) 892-4655
wfaber@claimlinx.com
www.claimlinx.com

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