Ohio Healthy Insurance: Providing Affordable Health Plans

Health insurance in Ohio is important because it helps people pay for medical expenses. Without coverage, people could face significant out-of-pocket costs or defer necessary medical treatment. The Ohio Department of Insurance regulates health insurance policy in the state to ensure that consumers have access to high-quality and affordable coverage. Ohio’s health insurance market offers a selection of options for people with diverse healthcare needs, income levels, and age ranges.

Ohio Health Insurance Marketplace

The Ohio Health Insurance Marketplace is a state-run exchange created under the Affordable Care Act (ACA). This marketplace offers various health insurance policies from different insurance carriers to individuals and small businesses. The Ohio Health Insurance Marketplace’s primary objective is to provide affordable health insurance to Ohio residents who otherwise couldn’t afford it. The marketplace enrolls individuals in Medicaid, CHIP, individual and family health insurance, and small business health insurance plans. Through the marketplace, Ohio residents can access subsidies and tax credits to lower their monthly premiums and out-of-pocket expenses.

Ohio has its state-based marketplace that provides lower cost plans to low-income residents. The marketplace offers four different tier plans: bronze, silver, gold, and platinum.

Ohio Health Insurance Cost

The cost of a health insurance plan in Ohio depends on several factors like age, income, health status, and location. Apart from this, the type of plan you choose and the insurance company’s network also affects the premium. In Ohio, legal residents can enroll in a health insurance plan during the open enrollment period from November 1 to December 15, with coverage beginning on January 1. People can also enroll or make changes to their policy during the Special Enrollment Period if they qualify.

Ohio offers health insurance plans for different income levels, including a Medicaid and Children’s Health Insurance Plan (CHIP). Medicaid benefits are available to low-income Ohio residents who meet specific criteria. The Children’s Health Insurance Program (CHIP) offers health coverage for children in low-income families who do not qualify for Medicaid.

Ohio Health Insurance Companies

Ohio has several healthcare providers that offer health insurance plans to people. The Ohio Department of Insurance regulates and monitors these companies to ensure that they meet state and federal requirements regarding affordability, service delivery, and quality of care. Some of the leading health insurance companies in Ohio include:

• Medical Mutual of Ohio
• Ohio Health
• Anthem Blue Cross Blue Shield
• Molina Healthcare of Ohio
• SummaCare

FAQ

What is the cost of a health insurance policy in Ohio?

The cost of a health insurance policy in Ohio varies depending on several factors. Younger and healthier people tend to pay lower premiums than older and less healthy individuals. The type of plan you choose also affects the cost. People with low-income can qualify for subsidies to help pay for their premiums and out-of-pocket expenses.

Can I buy a health insurance policy in Ohio outside of open enrollment?

Yes, you can buy a health insurance policy in Ohio outside of the open enrollment period if you qualify for the Special Enrollment Period. The Special Enrollment Period is available to people who experience specific life events, such as getting married, having a baby, losing coverage due to job loss, or moving to a new state.

Which health insurance companies offer policies on the Ohio Health Insurance Marketplace?

Several healthcare providers offer health insurance plans on the Ohio Health Insurance Marketplace. Some of the significant insurance companies in Ohio include Medical Mutual of Ohio, Ohio Health, and Anthem Blue Cross Blue Shield.

What is Medicaid?

Medicaid is a public health insurance program that provides healthcare benefits to people with limited income and resources. This program is jointly funded by the federal and state governments and administered by states.

What is CHIP?

The Children’s Health Insurance Program (CHIP) provides medical coverage to uninsured children in low-income families who do not qualify for Medicaid. The program is jointly funded by the federal and state governments and administered by states.

What is Ohio Healthy Insurance?

Ohio Healthy Insurance is a health insurance marketplace that aims to offer affordable health insurance to Ohio residents. The marketplace provides subsidies and tax credits to reduce the cost of health insurance for people who qualify.