Cheap‌ ‌Health‌ ‌Insurance‌ ‌Ohio‌ 2021

Last modified: February 15, 2021

Every consumer has different needs and budgets when entering the Ohio health insurance marketplace, which is why it is crucial to find the best health insurance coverage in the state that takes care of your needs. Whether you are looking for health insurance for yourself or a family member, you can easily find cheap health insurance in Ohio with the necessary coverage you need.

 All consumers looking for health insurance can easily purchase one via the Health Insurance Marketplace in Ohio, where they get access to plans that follow federal requirements as stated in the Affordable Care Act. When it comes to choosing a health insurance provider, you will have around 15 options to choose from.

 While this is great considering you get more options, finding the right one can be a tough nut to crack. Luckily, this is going to be your Ohio health insurance guide towards finding the best option that fits your specific needs.

 List of Providers and Comparison of Plans

There are many Ohio health insurance providers that you can choose from. The following are some of the names of the top health insurance providers in Ohio.

 BridgeSpan

When it comes to the best Ohio health insurance plans, Bridgespan Health Insurance Company offers the Bridgespan Exchange HSA, an HSA-qualified plan, as well as gold, silver, and bronze non-HSA plans. The company is relatively new in the health insurance sphere and was created as a consequence of the Affordable Care Act.

 Some of the benefits that they offer are a 24-hour nurse line for questions, healthcare case management for serious health conditions, along with chronic condition management, amongst others. BridgeSpan has a network of 258 hospitals and 49,500 doctors and specialists. The insurance provider also scores high in terms of customer service and quality of products.

 Kaiser Permanente

Kaiser Permanente is one of the leading health insurance providers in Ohio. While their cost of insurance is a bit steep at around $622 per month, the provider does offer many benefits. The Kaiser Permanente Insurance Company has received an A+ rating from Fitch Ratings. Standard & Poor’s give Kaiser an “A+” rating, too. The company also gets high scores in terms of customer service and customer satisfaction.

 Moda

Established in 1955, Moda Health is a large insurance company based out of Portland, Oregon, and provides health insurance to individuals and families as well as employers. Products are sold directly through the company website. The provider offers standard plans as well as more customized options. The standard rate of their least-expensive plan is around $312 per month. The insurance provider enjoys an A+ rating with the Better Business Bureau (BBB) and has stellar customer service reviews.

PacificSource Health Plans

PacificSource offers a basic selection of health plans. At a rate of around $23 a month, the provider offers competitive pricing. PacificSource Health Plans have an A+ rating on the Better Business Bureau (BBB). The company also enjoys high customer service ratings because of its high-quality customer support and after-sales services.

Providence Health Plan Ohio

Providence Health Plan offers standard, choice, balanced, and connect plans for individuals and families. The provider offers health insurance plans at around $215 per month. The company also enjoys a high rating of A+ by the BBB and has mostly positive customer satisfaction ratings. The insurance provider has been operating since 1856, so you can rest assured you’re getting a health plan from a reputable and reliable insurance provider.

Regence

Regence is another reputable name when it comes to health insurance in Ohio. Founded in 1942, the insurance provider offers a range of options in health care plans, including HMOs and PPOs, and many additional benefits. Customers get to enjoy a wide range of advantages, from discounted programs and excellent customer service, including a dedicated app. Regence enjoys high customer ratings and is known for its exceptional customer service.

 Cheapest Health Insurance Plan by Cities in Ohio

You might be wondering who has the cheapest health insurance in Ohio. Keeping that in mind, let’s take a look at some of the options when it comes to affordable health insurance in Ohio, depending on the city you live in. 

  • Portland – $205
  • Salem – $215
  • Eugene – $205
  • Hillsboro – $155
  • Gresham – $150

 Average Cost of Health Insurance by Family Size in Ohio

The average cost of health insurance in Ohio for individuals aged 40 is around $435 per month. For a family of four, that could reach up to around $17,000 per year in deductibles and premiums. It goes without saying that the prices and premiums may vary depending on a number of factors.

 The good news is, it is easy to get Ohio health insurance quotes so that you can get access to Ohio low-cost health insurance that suits your needs. As a rule of thumb, it is best to always look for health insurance quotes both separately and together if you are looking for a health insurance plan with your spouse. This ensures that you will find the best plans that are not only affordable but also offers you the coverage you need.

Ohio Health Insurance Guide and Resources

The type of health insurance plan you will get is going to depend on your insurance provider. However, you can expect to choose from the following types of plans;

  • Preferred provider organizations (PPOs)
  • Point-of-service (POS) plans.
  • High-deductible health plans (HDHPs) could be linked with health savings accounts (HSAs)
  • Health maintenance organizations (HMOs)
  • Exclusive provider organizations (EPOs)

 In 2019, the average company-provided health insurance policy totaled $7,188 a year for single coverage. It should also be noted that there is no state law requiring employers to offer group healthcare insurance to their employees. However, many employers do offer health insurance as a benefit to their employees. For those who opt for private health insurance for Individual or family plans, the prices and premiums are going to vary, but the premiums are going to be generally lower if the individual is in good health.

 Government-assisted health insurance programs consist of Ohio Medicare and Ohio Medicaid. Medicaid provides health coverage to millions of Americans, including those with disabilities.

 Ohio Medicaid Eligibility Requirements

In order to be eligible for Ohio Medicaid, you must meet the following criteria;

  • Be a resident of the state of Ohio,
  • Be a U.S. national, permanent resident, citizen, or a legal alien
  • You must fall under the financial category of low income or very low income
  • Pregnant
  • Be responsible for a child younger than 18 years of age
  • You or a family member has a disability
  • Be 65 years of age or older.

 There are also income limitations that need to be met in order to qualify for Ohio Medicaid. Ohio Medicaid offers three programs for children.

Ohio Medicare Eligibility Requirements

Around 20% of Ohio’s population is currently enrolled in some form of a Medicare plan. The following are the eligibility requirements for Medicare coverage in Ohio:

  • Individuals aged 65 or older
  • Disabled individuals who are under the age of 65
  • Those individuals who have been diagnosed with a chronic illness, such as End-Stage Renal Disease (ESRD), or Lou Gehrig’s disease, etc.

 People already receiving benefits from Social Security or the Railroad Retirement Board are also eligible.

 Tips to Save on Health Insurance in Ohio

The Ohio Health Insurance Exchange is the best place for you to get Ohio health insurance, but you should always do your homework to try and find the best health insurance options at the most affordable prices. For that, you will first need to find the eligibility requirements and factors that health insurance companies in Ohio consider when offering coverage plans. Some of the options that are most commonly factored in when considering the eligibility of a client are: 

  • Body mass index
  • Tobacco use
  • Age
  • Location
  • Cost-sharing reductions
  • Should you apply as family or individuals
  • Pre-existing conditions
  • Gender
  • Insurance and medical history

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

When is Ohio open enrollment for 2021 health insurance coverage?

Open enrollment for 2021 health plans ran from November 1 through December 15, 2020. Outside of the open enrollment period, a qualifying event is necessary in order to enroll or make changes to existing coverage

Did Ohio expand Medicaid?

Since January 1, 2014, adults with an annual income of up to 138% of the Federal Poverty Level were made eligible for Medicaid coverage. 

Is Health Insurance Mandatory in Ohio?

According to the Affordable Care Act, Ohio residents are required to get health insurance coverage. If the organization that you work for does not offer an insurance plan, you can always opt for coverage via a private plan. Apart from the ACA, Ohio doesn’t have any health insurance requirements of its own.

What is the income limit for Medicaid in Ohio?

The maximum income limit for Medicaid in Ohio is:

  • $16,971 – Single member
  • $22,930 – two members
  • $28,888 – three members
  • $34,846 – four members

What are Short term health insurance conditions?

Most short-term health insurance plans cover certain prescription medications, emergency hospital visits, as well as some doctor’s appointments unrelated to pre-existing conditions. 

What is the uninsured population rate in Ohio?

Overall, 7.0% of the Ohio population, as in, 614,000 adults, are currently uninsured.