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July 17th, 2008 by admin in Articles
The price of the premium of health insurance is rising every year in Cleveland. According to the survey of 2007, it had been revealed that the cost of the insurance had risen up to 40%. As the premiums are going higher, the coverage is coming down. Some of the main reasons for this are: -
i. High amount of deductible.
ii. High co-payment for the visit to the doctor.
iii. High co-payments for the drug’s prescription.
So some of the methods of obtaining the affordable plans of health insurance for families in Cleveland are discussed below: -
Low cost health insurance for Employer
To save some money, most of the employers are going for the health care plans which are consumer directed. These plans include the ‘High-Deductible Health Plans’ and ‘Health Savings Accounts’. The main reason behind this is that these plans are offering the low premium insurance and also with high deductible which results in the exemption of the tax. 40% of the insurance companies in Cleveland are providing these plans and this include some of the big names like American Greetings.
Options of the state sponsors
It is for the people who are unemployed and has low income. The state of Ohio is offering many plans which help the people in paying the insurance plan of medical care. Some of the programs which are included in this plan are: -
i. SCHIP of Health Start for a child till the age of 19
ii. Healthy families.
iii. Programs of Ohio Senior Health Insurance Information.