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Cheap Temporary Medical Coverage In Ohio From Humana

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Cheap temporary medical coverage in Ohio from Humana will cover yourself and your dependents. Short-term health insurance rates are always very low, and these types of policies can be used if you need to get coverage quickly or only need benefits for a few months (or perhaps longer). In many situations, you can keep your policy for as long  as 12 months. You may also buy a policy for one month, although it will have to be renewed if you need additional benefits.

Humana’s plan covers both accidental and illness claims and is very easy to apply for. Just like any policy on our website, after you view the quote, you can choose to “apply” online for coverage by answering some simple questions. If there are no significant health issues, you may be approved immediately. Otherwise, usually within a day or two, short-term coverage will go into effect. An ID card and policy specimen is typically sent within 7-14 days, although you have access to the policy number immediately after approval.

NOTE: A temporary policy is not designed to replace a long-term Marketplace plan, especially since they do not contain many of the mandated “Essential Health Benefits” that are required under the healthcare legislation that was passed in 2010. However, it will provide stopgap coverage and give you ample time to either enroll in another compliant policy or obtain group benefits through an employer.

Deductible And Coinsurance Options

The three deductible options are $1,000, $2,500 and $5,000. Since it is unlikely you are going to meet that amount during such a short period of time, $2,500 and $5,000 are the most popular choices. Family deductible options are double the individual amounts. Coinsurance (discussed below) will also impact the premium you pay and the potential out-of-pocket expenses you may be responsible for. 50% coinsurance will result in the lowest possible rates.

Cheapest Short-Term Medical Plans

Don’t Roll The Dice By Going Without Coverage

We prefer the 0% coinsurance options with Ohio Humana short term health insurance plans. Coinsurance is the percentage of the claim you pay after the deductible has been met. However, on UnitedHealthcare temporary plans, we prefer the 20% option. One important item that must be considered is that the odds are heavily against you meeting the deductible when you purchase these types of plans. For that reason, lower amounts are often not the best choice.

Most benefits begin after the deductible has been met. Some of the preventive coverage includes child health supervision, pap smears, mammograms, and colorectal cancer screenings. If you visit a non-network facility, you may have to pay a portion of the cost. Routine office visits are covered  along with lab tests and x-rays (including allergy tests). Typical inpatient and outpatient expenses are also included in the policy. You can view specific details here.

No coinsurance simplifies and improves your coverage once a deductible has been reached. For example, prescriptions are covered at 100% after the deductible has been met. The same applies to 30 days of skilled nursing facilities and 40 home health care visits. Complications of pregnancy are also included in benefits, if ever needed. For more comprehensive maternity benefits, another type of policy must be utilized. The Anthem Premier plan provides comprehensive maternity (including prenatal) benefits. Other short term options can be found on this page.

$2 Million Cap

Unlike long-term plans that have no lifetime cap for benefits paid, usually, short-term policies do have an upper limit. This Humana plan has a $2 million lifetime limit per person, which is more than sufficient since the contract isn’t likely to be kept very long. If you were going to use it for long-term coverage, we would recommend higher limits. And if you’re not sure of the length of time you need  a policy, simply pay monthly to give you the flexibility of terminating when you have secured other coverage.

We like the Humana temporary health insurance plan if you live here in Ohio. It is indeed cheap, although sometimes the UnitedHealthcare options are less expensive. You can view additional details here. And you can always instantly view live quotes and apply for coverage at the top of the page.

UPDATES:

January 7 2015 – Humana no longer offers “short-term” plans. If you are under age 30, you can purchase a catastrophic Marketplace contract. Otherwise, a subsidized Bronze-tier policy is the cheapest option.

UnitedHealthcare and a few other carriers (you can view prices on our website) are viable options for keeping coverage only a few months.

Paul Ryan, Ohio Health Insurance Exchange And Miami University

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Paul Ryan, the Ohio Health Insurance Exchange and Miami University. What could they possibly have in common and why am I writing about it? I have to admit…the title is a bit odd, but I know a little bit about all three.

Of course, Paul Ryan is Mitt Romney’s running mate and nominee for Vice President of the US. And he also just happens to be a 1992 Miami University graduate with degrees in economics and political science. Long-time economics professor Richard Hart was one of his mentors while there.

As a 1980 graduate of Miami, I also was a business major although I don’t remember Professor Hart. But I did take many of the same classes as Ryan, and perhaps was taught by a few of the same professors. And I assume we took classes in many of the same buildings. But I have a feeling that he spent more time at the library than I did.

I ate many of these at Miami. Too many!

I am certain that Representative Ryan and I have crossed many of the same paths while at Oxford. Of course the “Bagel & Deli” shop is where Ryan stopped to eat on August 15th. I remember the place well, having ordered there about five times per week during my Miami stay. Delivery is a great feature about college eateries. Although I was not in a fraternity  and never drove the “Wienermobile”  as Paul did ( while he worked summers for Oscar Mayer), the memories we both share of Mother Miami are still quite fresh.

The Exchange?

By now, you may be wondering how the proposed Ohio Health Insurance Exchange fits in this discussion. Under existing legislation, the way you buy your health insurance will change in 2014. Currently, you can pick and choose among hundreds of available plans from more than a dozen reputable companies. You can pick and choose the benefits that YOU want and often exclude coverage you don’t need. You can apply for a policy at any time, and cancel your contract without worrying about non-compliance.

For example, if you’re in your 50s and simply don’t want to pay for maternity benefits, since it’s unlikely you’ll utilize it, you can pick plans that don’t charge you for that rider. Or, if you have been reasonably healthy and prefer to cover large medical claims instead of paying for office visit coverage you never use, you can choose a high-deductible catastrophic plan.  Do you want a $10,000 deductible? No problem. Do you prefer a cheap Ohio temporary health insurance plan that costs less than $50 per month? Consider it done!

In 2014, It All Changes

But in 2014, your choices will be drastically cut and you will be forced to pay for coverage you may not need or want. You’ll have to choose between a Platinum, Gold, Silver or Bronze plan. That’s it. Maternity and other benefits you may not want will be required on all policies. And yes, you’ll pay for that. Although tax incentives may help, premiums will go up and the number of providing physicians will probably decrease.

By now, everyone knows that Paul Ryan is one of the leading proponents of changing and improving our health insurance system, but in a much more cost-effective and consumer-friendly way than the current proposed changes. His ideology will reward healthy persons with personal health saving accounts that accumulate funds if you don’t use it. And unhealthy persons will be able to afford to purchase quality health care through the top health insurers.

Regardless of who wins the election, I do know this. Paul Ryan will be a major contributor to lowering our national budget, Miami University will still attract the brightest high school students, and I’ll continue to eat bagels. As for health insurance in Ohio,  you can count one one thing. You will continue to view the lowest rates on our website. You can buy direct, or with our help. And if you’re in the area, we’ll recommend a good bagel place as well!

Obamacare Upheld By Supreme Court Ruling – How Does This Impact Ohio?

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By a narrow vote of 5-4, the Supreme Court ruled this morning that the federal government can impose a tax on persons that refuse to purchase health insurance. Thus, health care reform (Obamacare) will proceed and move forward and much of the implementation will take place starting in 2014. But what about individuals and families in Ohio? How will we be impacted? We’ll try to answer some of those questions.

Does this change the way health insurance is purchased here in Ohio?

Currently, there is no “Exchange” set up here and there is a chance one may never be set up. However, Ohio can choose to allow the federal government to set it up. The current administration would like to see “Exchanges” in 2014 dictate how coverage is purchased. But the clunky nature of the Exchanges along with their unpopularity have many legislatures and citizens concerned. Additional research information is found here, with additional details on “benchmark plans,” “essential health benefits” and other ACA Legislation features.

So for now, Ohioquotes.com will continue to offer the lowest available rates from all of the top companies. Quotes are free and so is the professional service You can apply online or we’ll fax/email an application.  If Exchanges become the law of the land, we will continue to help you find affordable coverage through these government-run websites, which will also be referred to as “Marketplaces.”

How do most Ohioans feel about the health care law?

Last year, in a referendum (Issue 3), Ohioans voted against the change. Most residents of the state are still against the massive overhaul, and this could affect the candidate they vote for in the upcoming presidential election. If Mitt Romney is elected, it’s possible part or all of the legislation could be repealed or simply have funds withheld for its implementation. If Romney is not elected, the legislation will be fully implented and the healthcare landscape will change.

What are some of the good parts of the law?

Actually, there are many portions of the “Affordable Care Act” that are quite positive. For example, most preventive expenses are now covered with no waiting period and no out-of-pocket expense and dependents can stay on their parent’s health care plans until age 26. Insurance companies also must now spend less money on administrative expenses and more on health care costs. And of course, in 2014 insurers can not deny an applicant coverage because of any pre-existing conditions. However, after an Open Enrollment period ends, alternative coverage will have to be arranged.

Will premiums in Ohio now go up in 2014?

Yes. And perhaps substantially. Since insurance carriers can not decline any applicant for medical conditions, healthy individuals and even fairly-healthy individuals will have to pay more. And maybe a lot more. Look for rates to increase once 2014 arrives. What many people don’t realize is that currently, rates in Ohio are among the lowest in the country and with the Risk Pool and Open Enrollment, almost anybody can qualify for coverage. In 2014, it may be different.

I have a policy right now. Can I keep it in 2014?

The President says you can. Many experts in the field say you can’t. I guess we’ll eventually find out.

Waiting For Ohio Medicare Coverage To Begin – Low-Cost Options

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Are you waiting for your Ohio Medicare benefits to begin? Perhaps you know which policy you’re going to select and you have already selected your Supplement contract. But, it’s getting there that’s the immediate concern since your current private health insurance ends soon and you have a gap to fill.

Fortunately, there are some great “gap fillers” that will provide solid healthcare coverage until you’re ready to enroll in  Medicare,  along with supplement coverage. And these plans are issued by companies you’re familiar with, such as Anthem Blue Cross, Humana, UnitedHealthcare, Medical Mutual and Aetna. Smaller less-recognizable companies also can provide worthwhile options, such as Premier, SummaCare, and CareSource.

Need Coverage For A Month, A Year, Or Longer?

The most important issue you face is the length of time you need coverage. For example, if you are less than six months from becoming Medicare-eligible, a very common and inexpensive option is a temporary policy. This type of plan is very affordable, and is generally considered the most economical type of medical coverage.

Senior Ohio Medical Coverage Before Medicare

Don’t Gamble By Being Uninsured. Get Short-Term Health Insurance

Although existing conditions are not covered, and virtually all benefits must meet a deductible, it’s a great stop-gap type of coverage that works well. However, it’s important to coordinate your pre-65 and your post-65 healthcare plans so there is no lapse in coverage. Also, if you are currently enrolled in a subsidized Marketplace plan, it may be advisable to retain coverage until you are no longer eligible.

Prices For Temporary Coverage

If you are a healthy 64 year-old female in Montgomery County (rates vary by county), a short-term plan from UnitedHealthcare costs about $122 ($5,000 deductible) or $152 ($2,500 deductible). A $1,000 deductible option is also available and costs just $234. These are monthly rates. Anthem and Medical Mutual also offer temporary contracts, although currently, their rates are higher. Naturally, rates will be less if you are younger and medical conditions could impact the rate.

If the gap between when your existing coverage ends and Medicare begins, is more than 12 months, then a conventional policy is recommended. What type of policy? That depends on how much money you want to spend, the type of benefits you need, and the medical conditions you are being treated for. A federal subsidy my help you pay premiums, although the entire household income is considered in the eligibility calculation. Thus, your spouse’s income must be taken into consideration, regardless if they are to be covered under the proposed policy.

Low-Cost Coverage Until You Reach Age 65

If you are reasonably healthy, a simple high deductible plan (perhaps between $3,500 and $6,800) will keep your Ohio rates low, and still provide excellent coverage. Once the specified deductible has been reached, you can have complete coverage with no further cash outlay for healthcare expenses. However, you also won’t have to pay for most preventive services and you’ll receive a negotiated price break on most other treatment, courtesy of your insurer that is negotiating on your behalf. For example, the cost of an MRI might be reduced from $2,000 to $1,400, while the cost of routine lab services may also reduce from $150 to $30.

If you feel you are unable to medically qualify for a new health insurance plan, as long as you apply during Open Enrollment periods, your acceptance is guaranteed. COBRA, although expensive, will continue to provide benefits for any conditions have. And if you develop new health issues, they will not be excluded from your current health care policy.

For persons that are uninsured and still want to buy a policy until Medicare starts,  you can apply for any of the types of policies previously mentioned. Normal underwriting guidelines will be used on any submitted short-term application, and if approved, you won’t have to worry about the gap until Medicare benefits begin. However, no medical questions will be asked for Marketplace coverage, and pre-existing conditions will be covered.

UPDATES:

January 2015 – The Ohio Senior Health Insurance Information Program (OSHIIP) netted savings of almost $20 million in 2014. About 200,000 state residents were helped by the program. OSHIIP has a consumer hotline and helps answer questions about prescriptions, Medigap coverage, financial assistance, long-term medical care, and other state residents that are disabled and eligible for Medicare benefits.

Will Medical Insurance Increase For Having Too Many Claims?

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The more claims you submit on your medical insurance, the higher your rate will become. Is that true here in Ohio? Well, not really. Whether you have an incredibly healthy year or just one of those years when you and other family members caught the flu six times, it will not make a significant difference in your healthcare premium. The price you pay is determined by your age, where you live, the type of plan, the carrier, your smoking status, and the amount of your federal subsidy (if applicable).

I realize many Ohioans may not be aware of this. You’re probably used to your auto insurance tripling after three or four accidents in the last three years. Or perhaps your homeowner’s policy was canceled after two roof claims and a hailstorm that ruined your shed. But healthcare is different now, compared to prior when Marketplace options were not available.

Fewer Claims Probably Means You Have No Major Medical Conditions

Of course you want to have very few claims each year since the result is that you and other family members were healthy. And presumably, other than your premium, very little copays, deductibles or coinsurance were paid. It also means that if you had an active Ohio Health Savings Account (HSA), more of your contributions stayed in your account, instead of being disbursed for qualified expenses. The unused funds can continue to accumulate and be utilized in the future for any family member listed on the policy.

However, to the surprise of many Buckeye State residents, generally, your medical insurance rate does not necessarily increase based on the volume of claims you submit. For example, if during the calendar year, you have numerous surgeries, along with many prescriptions and specialist office visits that total more than $100,000, your insurer is not going to attempt to “recoup their losses” by doubling or tripling your rate. Of course, if a significant number of individuals and families submit catastrophic medical claims with the same carrier, prices will be impacted.

Why Do Rates Increase?

Health insurance rates do increase just about every year. But the real cause of your premium going up may not be you. Here’s how it works: When you originally bought your medical insurance plan, you were “clumped” together with similar persons that purchased that same type of policy at the same time. Thus, if you purchased your coverage in March of 2016, you are unlikely to be placed in the same group of persons that bought their policy in June of 2013.

Very extensive statistics are kept on the block of business for your specific plan. Over time, some policyholders will cancel, others will renew, and some will add or subtract dependents. And of course, there will be families that have very few claims and others with huge claims each year. The process of submitting a health insurance claim is typically the same, regardless of the dollar amount involved.

Typically, those insureds in very good or excellent health will tend to shop around for better rates within a few years and many will cancel their coverage and start a policy with a different company. For example, a person may purchase a policy with Humana. And after three years of rate increases, they buy a similar plan from Medical Mutual and reduce their premium by 20%. Does this sound familiar? That’s why it pays to shop every 3-5 years (although there are other considerations).

Let’s take this a step further. Let’s say you have a block of 10,000 males in their mid-40s that bought the same type of Ohio medical insurance policy in a given year. Five years later, 2,000 of the healthiest policyholders switch to a different company to get a better rate. Now, you have a block of business of 8,000 persons and the percentage of claims paid per premium has jumped. So guess what else must jump? That’s right…the rate.

And so eventually, you may have a block of business that consists of even more unhealthy persons submitting multiple claims and far fewer extremely healthy people submitting very few claims. If you’re uninsurable, you may be stuck. If you are reasonably healthy, you can find an alternative.

So…although your own claim history won’t alter rates, collectively, many policyholders can.    Should you now shop for new health care coverage every year? Every six months? The answer is no. But if you notice that your premiums are constantly increasing by larger amounts each year, then contact us and we’ll review your current policy and determine if there are better options for you.