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Health Insurance Quotes in Chicago

Chicago’s percentage of individuals without health insurance has gone down since 2014. An estimated 10.9% of the population is still uninsured. About 67.7% of those who have health insurance coverage are covered by private insurers, while those who are covered by public health insurance account for 30.4%. The state of Illinois has also expanded Medicaid coverage to households who have income of up to 138% of the Federal Poverty Line.

Generally speaking, the state of Illinois has found relative success under Obamacare and uninsured rates have been significantly reduced as more residents gain access to health insurance quotes in Chicago and health plans via subsidized private insurance plans and the expanded Medicaid eligibility.

In 2015, the state of Illinois placed 28 th on America’s Health Rankings report, and it has earned positive marks for access to primary care physicians and dentists. Through Obamacare, the uninsured rate in Illinois has decreased from 15.5% in 2013 to just 8.7% in 2015. Chicago, however, still has a slightly higher percentage of uninsured compared to the whole state.

The majority of the uninsured are nonelderly individuals who qualify for financial aid through Medicaid or the health insurance exchange of the state. Illinois runs ‘Get Covered Illinois,’ a state-partnership exchange and uses HealthCare.gov to provide health insurance quotes in Chicago and enroll residents in Obamacare plans.

Health Insurance Options for 2017

There will be 7 insurance carriers that offer health coverage through the exchange: Celtic Insurance Co. (Ambetter), Coventry. Harken Health Insurance Company, Health Alliance Medical Plans, Inc., Humana Health Plan, Inc., Health Care Service Corporation, and Cigna. Most of these carriers have also requested for increases in rates, which range from 10.3 to 50.2%. Cigna’s foray into the Illinois marketplace, specifically in Chicago, is considered a bright spot for residents as it may mean additional competition could help hold down the cost of premiums.

An estimated 23% of the market in Illinois signed up for Qualified Health Plans in 2014 and 77% of them qualified for premium subsidies. Following that, enrollment grew at a steady rate and in 2016, there were a total of 388,179 people who availed of private insurance plans. They paid an average of $237/month and 77.5% of the enrollees also received subsidies as of March 2016.

Cost of Obamacare Insurance in Illinois

If you’re planning to enroll in a health insurance plan in Chicago, then you need to geta health insurance quote in Chicago or know the cost of health care plans under the ACA for families and individuals. What you will be paying will depend on:

Your age
The level of coverage you want
Whether you qualify for a subsidy
Tobacco use
Where you live

Under Obamacare, insurers should enroll applicants regardless of age, however, how old you are could affect your premiums. In terms of coverage, there are 4 “metal” levels:

  • Platinum – Insurer pays 90%, you pay 10%
  • Gold – Insurer pays 80%, you pay 20%
  • Silver – Insurer pays 70%, you pay 30%
  • Bronze – Insurer pays 60%, you pay 40%

The most expensive would be Platinum level however additional expenses will be much lower compared to other plans. All these levels offer the same essential benefits and do not affect the quality of care you will receive. There is another option, which is the Catastrophic plan, and this is available to those who are under the age 0f 30 and are in excellent health. This plan is the cheapest but in the event of illness, you will pay all your medical expenses up to a certain amount before your benefits are paid by your insurance provider.

You may be eligible for a reduced health insurance plan if you qualify for a subsidy. In Illinois (as with all other states), this is determined based on your income. Families who earn 4x less than the national poverty level can apply through a Health Insurance Exchange so they can avail of more affordable coverage. Individuals earning less than $45,960 annually can apply for subsidized health insurance. Families making less than $94,200 can also receive benefits under the Affordable Care Act.

Where you live could also increase or lower your insurance premiums. And finally, tobacco use is another factor that could bring your premiums up. The ACA allows insurers to charge tobacco users up to 50% more in premiums compared to those who don’t smoke.

Insurance companies take these things into consideration when deciding how much your insurance premiums will be. To help you find affordable coverage, check and compare our health insurance quotes in Chicago so you can find a plan that suits your health care needs and budget.

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