Alabama Health Insurance
Alabama is one of only 14 states that has not taken advantage of the opportunity to expand Medicaid Programs and currently low-income adults in Alabama, who are not disabled and don’t have children cannot even apply for Medicaid.
Currently, Alabama’s hospitals provide more than $500 million in annual care to patients who do not have health insurance. This amount does not include physician visits, dialysis treatments and other services provided to these individuals. This lack of coverage is resulting in a health care crisis and is one of the reasons 75% of Alabama’s hospitals are operating in a financial deficit.
The combination of high monthly premium, high deductible and high co-pays make Alabama the third worst state for health insurance costs. On average, health insurance costs are higher in Alabama, raising more rapidly and accounting for a bigger chunk of household income. Employer-based health insurance plans are more expensive in Alabama. The average cost for an employee (2015)- in premiums and deductibles – represented 11.2 percent of the median household income.
State Health Care Options in Alabama
Alabama uses the federally facilitated marketplace so that residents enrol in exchange plans through HealthCare.gov. For 2019 coverage open enrolment ended on December 15 but enrolment is still possible for Alabamans who have qualifying events.
Two carriers – Blue Cross Blue Shield of Alabama and Bright Health will continue to offer plans through the exchange.
Alabama Medical Insurance Statistics
Alabama – Finding Health Care
Finding the right Health Insurance can be complex but marketplaces (Health exchanges) such as TrueCoverage have specialist health insurance consultants that will search for the best value plan to meet your needs. Combining technology with market awareness we can supply a choice of plans, in an easily assessible format, quickly.
Learn more about the Affordable Care Act, Medicare and Employer Plans here;
Affordable Care Act (ACA) Alabama
The Patient Protection and Affordable Care Act, often shortened to the Affordable Care Act or nicknamed Obamacare, is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act of 2010 amendment, it represents the U.S. healthcare system’s most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.
The Affordable Care Act (ACA) was designed to give both individuals and families increased access to affordable health insurance options including medical, dental, vision and other types of health insurance that may not be available either sourced individually or through an employer. Under the ACA;
- You may be able to purchase health care through a state or federal marketplace that offers a choice of plans.
- Insurers cannot refuse coverage based on gender or a pre-existing condition.
- Lifetime and annual limits on coverage are eliminated.
- Young adults can stay on their family’s insurance plan until the age of 26. (Turning 26? Time to get your health insurance)
- Seniors who hit the Medicare Prescription Drug Plan coverage gap can get discounts on medications.
The rules for ACA are complicated but our experts at Truecoverage will help you navigate them to identify any subsidy which you may be entitled to. Call insurance experts
Medicare provides health insurance for Americans aged 65 or older, younger people with some disability status as well as people with end stage renal disease and amyotrophic lateral sclerosis.
In 2018, Medicare provided health insurance for over 59.9 million people. On average, Medicare covers about half of healthcare expenses of those enrolled and according to the annual Medicare Trustees reports and research by the Government’s MedPAC group individuals enrolled in the scheme almost always cover remaining out-of-pocket costs with additional private insurance by joining a public Medicare Health Plan.
Medicare Advantage Plans are Medicare approved plans offered by private insurance companies designed to build on the provisions of the Federal Health Insurance Plan (parts A&B) and allow an individual to tailor an insurance plan to suit their individual needs.
In Alabama, of the subtypes of health insurance coverage, employer-based insurance is the most common covering 46% of the population.
Group Health Insurance offers the same benefits as individual and family plans, usually at lower cost and generally without the need for medical examinations. An Employer can choose to share the premiums with employees and will not pay tax on the business contribution. There may be tax advantages for both employer and employees.
As with individual plans there is a choice of managed care plans which meet the Essential Health Benefits Requirements and can be chosen to satisfy the specific business requirements.
The Best Health Insurance Companies in Alabama
In 2016 NCQA rated more than 1,000 health insurance plans based on clinical quality, membership satisfaction and NCQA Accreditation Survey Results. The following 4 rated the highest in Alabama;
- United Health Care Services. Inc (Alabama)
- UnitedHealthCare Insurance Company (Alabama)
- Atena Life Insurance
- Blue Cross and Blue Shield of Alabama
You can learn more about health care coverage and buy Health Insurance in Alabama at TrueCoverage.com or call 1-888-505-1815. We offer free customer service and support around the clock, helping you to understand the complex, ever changing American healthcare system in simple terms and giving you the tools and resources to purchase the right plans and get right subsidy.
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