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Ohio health insurance refunds will come to $11.3 million

July 22, 2012July 22, 2012 Nordstrom

The rebates will be sent out to families in checks averaging $139 per family. This summer the Ohio health insurance rebates will be sending over 81,000 families throughout the state a total of $11.3 million. These refunds are a part of a nationwide repayment of $1.1 billion. On average, the rebate checks that will be received will be $139 for individuals and families with Ohio health insurance. However, some of the 81,500 families who will be receiving the payments will receive much more than that. In fact, the larger payments…

Costly Ohio insurance exchange may have to team with the federal government

October 7, 2011May 8, 2013

Independent IT consultants in Ohio were tasked with calculating the cost of an insurance exchange in the state earlier this year. The state is required by federal law to establish an exchange by 2014 in an effort to streamline health insurance. The undertaking is in no way small, as a great deal of digital infrastructure must first be made, the price of which may be daunting. According to the state’s consultants, the technology alone will cost $63 million. The sum is quite high when compounded by the additional expensive associated…

Problems with Ohio’s high-risk insurance pool bode ill for residents with chronic ailments

September 12, 2011May 8, 2013

Last year, Ohio legislators approved a plan to establish a high-risk insurance pool in the state in order to appease new federal health care laws. The program was meant to attract residents who have had trouble obtaining insurance coverage in the past due to high-risk illnesses or chronic conditions. With more than 1,800 people currently enrolled in the plan, legislators are now seeing higher-than-expected costs in keeping the program afloat. In an attempt to mitigate the rising costs of the program, legislators have now limited enrollment. The program was meant…

Massachusetts and Vermont residents pay the highest individual health rates

August 14, 2011May 8, 2013

A recent analysis has shown that in 2010, the most expensive individual health rates in the country were in Massachusetts and Vermont, with premiums up to and higher than $400 per month per person, which is about twice the average of the country. The information was collected by the Kaiser Family Foundation, which drew the data from the insurance company filings to the National Association of Insurance Commissioners and discovered a significant discrepancy in the rates charged from one state to the next. The researchers are referring to their analysis…