Which Ohio Health Insurance Plan Do You Have?
“Which health insurance plan do you have?” That is the question I’m asked about every few weeks. And I certainly understand why clients want to know. After all, I can choose any plan with any Ohio health insurance company.
Well…here’s our situation. I’m 53, my wife is 50 and we have two children (both teenagers). Fortunately, we are a very healthy family with no existing conditions or ongoing medications. We live in Springboro, which is located between Dayton and Cincinnati.
The perfect fit for us is the Ohio Anthem Lumenos Health Savings Account (HSA). An HSA works best when there are not many (or any) office visits or prescriptions and insuring against the catastrophic loss is the most important objective. Preventative coverages (physicals, OBGYN visits, mammograms and pap tests) are not subject to our $6,000 family deductible. Also, with an Ohio HSA, covered out of pocket expenses that we pay (such as non-preventative office visits) receive a “negotiated discount” since Anthem enjoys exceptional leverage in negotiating fees with Network providers. Lab and X-ray fees receive substantial discounts.
We also contribute tax-deductible funds into our HSA that are used to pay for qualified medical, dental and vision expenses. Because we have enjoyed good health, the fund balance in our HSA continues to grow each year. And generally, premiums on an HSA don’t increases as rapidly as a typical copay plan.
An Anthem HSA is not the best policy for everyone. For us, it is, although Medical Mutual was strongly considered. For you?, Maybe not. However, if I research different Ohio health insurance plans for you, I will only recommend a plan (or plans) that I would want for my own family.
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