At the start of 2014 almost 2 million residents in the State of Illinois were uninsured but thanks to the Affordable Care Act over 65% of these people now have access to affordable Illinois health insurance for individuals through illinois-insurance.website, Medicaid, or the Health Insurance Exchange.
More Illinois Residents with Health Insurance
Since the introduction of the Affordable Care Act, health insurance coverage, which was previously too expensive for many people, can now be purchased for reasonable premiums and the previously uninsured have availed of the extra health protection now on offer in the state.
The percentage of people in Illinois without some form of health coverage has now dropped to just over 8.5% as more people take advantage of affordable Illinois health insurance for individuals and that percentage continues to decrease.
Qualified Health Plan
Under the Affordable Care act (frequently referred to as “Obamacare”) a Qualified Health Plan (QHP) was put in place to cover the basic benefits of health insurance. Under a QHP, standard services such as hospital and/or outpatient treatment, mental health and child and maternity care are all covered in a low-premium health insurance package.
Other benefits of the Obamacare QHP include:
- Guaranteed renewal of expired insurance policies
- Guaranteed acceptance irrespective of past or present health issues
- A financial cap on out-of-pocket expenses
Competition for Customers
Almost a quarter of a million Illinois residents are now covered for health insurance under a QHP and three-quarters of those are eligible for subsidies on their premium costs. This has led to the private health insurance companies dropping their prices and a wider choice of affordable Illinois health insurance for individuals.
There are now more than ten different companies offering individual health insurance throughout Illinois providing 480 different individual plans and residents in any county have a choice of over 37 tailored plans to select from.
Alongside the Obamacare program and individual health insurance companies, Illinois has also expanded the Medicaid program for which almost 50% of the state’s residents qualify.
The Affordable Care Act also introduced the CO-OP Program which has allowed non-profit health insurers to compete in the marketplace and this has also been a factor in the reduction of insurance costs for Illinois residents.
Individual health insurance costs have dropped in recent years and there is value to be found if you look for it. The Department of Healthcare and Family Services is the place to start as they will be more than willing to assist in the search for affordable health insurance no matter where you are located in the State of Illinois.