Ohio Individual Health Insurance – Comparing Plans

Dec. 21, 2010 - PRLog -- Ohio individual health insurance is usually employer-sponsored. However, if you are self-employed, not covered by an employer-based group plan, not eligible for a group health plan, Medicare or Medicaid and do not have coverage under COBRA, then you would need to purchase an individual health insurance plan to cover your needs and those of your family.

Understand Plans
Individual health insurance includes indemnity and managed health care plans. Indemnity plans cover inpatient and outpatient care as well as physician services. You choose your service provider, pay for the services and are reimbursed later.

With managed care, which entails lower out-of-pocket costs compared to the indemnity plans, the health insurance company networks with certain health care providers to offer you services at fixed rates. Claims are sent directly to the insurance company by the health care provider. Managed care includes HMO, PPO and POS plans.

To choose the right Ohio individual health insurance plan, you need to compare them. Important factors to be considered include coverage, premiums, healthcare provider access and services, emergency care, prescription coverage, out-of-pocket costs like coinsurance, copays, and deductibles, and exclusions.

Ohio Health Insurance - Recent Developments
New healthcare law has brought about dramatic changes in the insurance scene that you need to understand when you buy a plan.  Recent developments include:
•   Limits on the amount insurance companies can charge people with pre-existing or chronic conditions
•   Lifetime limits and annual limits on the dollar value of essential benefits are prohibited, with the exception of “restricted” annual dollar limits for essential benefits for plans years starting before January 2014
•   Unmarried children can remain on their parents’ insurance plan up to age 28
•   Ohio mini-COBRA” program: state continuation coverage has been extended from 12 to 15 months
•   Beneficiaries of employer-sponsored health insurance plan get favorable state tax treatment for the coverage of “qualifying relatives” and members of the tax payer’s household
•   Businesses with ten or more employees have to provide employees without insurance the choice of buying coverage with their income before tax deduction, saving about 40 percent of premium costs
Compare Plans - Get Professional Advice
Anthem PPO Premier, Anthem HSA Lumenos, Anthem PPO Blue Access Value, Anthem PPO SmartSense 5000, Aetna PPO 5000, and Medical Mutual of Ohio HSA Supermed One are some of popular Ohio health insurance plans. To choose the right plan, seek the advice of a reliable health insurance agency.
http://www.onesourcebenefits.com/ohio-individual-health-i...

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