Assurant Ohio Health Insurance Plans
Assurant Ohio health insurance plans are issued through their parent company, Time Insurance. And although Time is an established and reputable company, you may notice that I rarely recommend an Assurant Ohio health insurance plan. In fact, when you view your quotes, this company is seldom listed.
One important consideration is their Ohio rates. In most parts of the state, their rates aren’t high. They are VERY high. For example, a monthly rate for comprehensive coverage (husband/wife ages 45 with two children) is $624, compared to United HealthCare’s rate of $389. Aetna’s rate is $479 and Anthem’s rate is $503. Assurant’s “MaxPlan” was compared to the most similar policy from the other carriers. Current rates will actually be higher for all carriers since these figures were from a few years ago.
Assurant’s Ohio HSA insurance rates are also quite high. The monthly rate for a $5700 family deductible is $408. Anthem’s rate for a $6000 deductible is only $306 and United HealthCare’s rate for a $5000 family deductible is only $326. Plan coverages were very similar.However, there are a few pockets of the state where their rates are worth looking at.
Assurant also offers optional health insurance plans at reduced rates, including the “CoreMed” plan. But coverages are greatly diminished and similar plans are also available from most of Ohio’s other carriers. We don’t think the “CoreMed” plan is a bad policy, but we simply feel there are better values from the other carriers.
An additional concern is the “complaint ratio” with the Ohio Department of Insurance. In 2007 (the most recent available data), the complaint ratio was twice as high as the other major Ohio health insurance carriers. In prior years, Assurant’s ratios were also quite high. However, recently, those figures have improved. Our relationship with Assurant has always been positive and we hope that some day their rates will be competitive again.
They do continue to offer somewhat attractive temporary health care rates. The policy is solid and applications are approved within 48 hours. In fact, we recommend this plan for Ohio child health insurance plans. Since most companies will NOT offer coverage to “children only” plans if they are under age 19, this plan will provide some relief.
When I am researching Ohio health plans, I consider all of the major companies, including Assurant. But the consumer is my top priority. And if I feel Assurant’s plans are not the best fit for you, I will not recommend them.
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Assurant’s short-term plans are OK. Not as low as the Anthem plans you offer, but still not bad.