Health Insurance Quotes in Columbus, Ohio
Enrollment for affordable health insurance under the Affordable Care Act (“Obamacare”) began in November 1, 2016. If you’re living in Columbus, Ohio and you still don’t have insurance yet, you need to act quickly. The open reenrollment runs only until January 31, 2017.
How Many Residents of Columbus and Ohio Have Benefited from the ACA?
The statistics collected ever since the start of the ACA implementation has demonstrated how Obamacare has impacted the health insurance situation in Ohio.
- In 2013 before Obamacare, 156,000 people in Franklin County (where Columbus is the largest city) didn’t have health insurance coverage. Recent estimates have cut that figure down to less than 61,000 uninsured.
- The improvement in the number of uninsured residents is also dramatic for the whole state. Before the ACA in 2013, 1.3 million were not covered by a health insurance plan. Now only about 402,000 people in Ohio are uninsured.
- About 243,000 people in Ohio bought their insurance through the federal marketplace. That’s a significant increase from the very first open enrollment period in 2013-2014, when there were only 155,000.
- About 665,000 people in Ohio enrolled under the expanded Medicaid brought on by the ACA.
ACA Benefits for Ohio Residents with Employer-Sponsored Insurance
More than 6.8 million people in Ohio have this type of health insurance, and they’ve benefited from Obamacare too.
- Prior to Obamacare, 4.1 million people with employer or individual health care insurance had a lifetime limit on their policy. So people stood to lose coverage at an age when they’re likely to need more medical care. But the ACA banned lifetime and annual limits on insurance policies.
- The ACA mandated that children can stay on their parents’ health insurance coverage until they’re 26 years old. This has benefited 81,000 young adults in Ohio.
- More than 5.2 million people in Ohio were no longer required to pay for preventive care. These free services include mammograms, cancer screenings, contraception, and flu shots.
- The ACA also mandated that health insurance companies must reserve 80% of premiums for health care and care improvements. They can only use 20% for marketing purposes and salaries for their own employees. If they don’t comply, then they must give back a refund for their clients. Residents of Ohio with employer-sponsored insurance have received almost $3.2 million in insurance refunds since 2012.
Benefits for Ohio Residents with Marketplace Insurance
About 212,000 people in Ohio get their insurance from the federal marketplace.
- These people can now have affordable coverage even if they have a preexisting medical condition. Before Obamacare, insurance companies can deny these people coverage, Even if they do provide insurance, they can charge a lot more. But now the 5 million people in Ohio with a preexisting condition can have coverage no matter what.
- Almost 175,000 people also receive tax credits for insurance. Before the ACA, these tax credits were only available to those with employer insurance. Now these people are each receiving an average subsidy of $250 per month.
- Ohio received $5 million in federal funds to make sure that their residents can now compare plans and premiums more easily.
ACA Benefits for Medicare Enrollees
Medicare covers about 2.2 million people in Ohio. Because of the ACA, Medicare will be extended by 10 years more. Here are some additional benefits:
- The ACA enabled more than 230,000 senior citizens in Ohio to save a total of $259 million in prescription drug expenses. That’s an average savings of $1,090.
- The ACA added coverage for certain preventive services. In 2015, about 886,000 senior citizens in Ohio were able to receive at least one free preventive medical service.
- Now there are fewer hospital mistakes, after the ACA offered new incentives for hospitals to avoid preventable readmissions. From 2010 to 2015, readmissions dropped by 11%. More than 5,400 Medicare beneficiaries didn’t have to come back to the hospital due to a mistake.
Do You Have to Get Insurance?
If you’re qualified and you’re not exempted, then you have to have health insurance. Otherwise, you will face a tax penalty.
You’re qualified if you’re less than 65 years old, a legal citizen or immigrant, and you’re not in prison. You can also get coverage even if you already have a preexisting condition.
You’re exempted if you already have an ACA-approved insurance. Other exceptions include if you’re not a legal immigrant, if you’re in prison, or if you can prove that paying even the most affordable premiums represent a financial hardship for you.
If you’re in Columbus, Ohio then you have several marketplace options as well as other choices outside the marketplace. If you really want an affordable health insurance plan, then you should also check our insurance quotes in Columbus.