Accessing affordable health insurance in Kansas can feel like complete chaos. From group/employer-sponsored health insurance to individual health insurance, consumers continue to battle the ever-changing insurance industry – but it doesn’t have to be that way! Apollo Insurance Group is here to battle FOR YOU! As a Broker it is our mission to positively impact people’s lives and we pride ourselves on doing things a little differently: we are real people who really care, we listen to how you use healthcare, and customize a plan that works for you, your family, or your business.
At Apollo, we make sure we are up-to-date with the latest trends in the market and the shifts in the future. We stay informed and on the cutting edge of affordable health insurance in Kansas. No matter what the government mandates, repeals, or puts in place we have solutions for everyone! Apollo Insurance Group boasts outstanding relationships with all major carriers in the state of Kansas. We offer ACA plans, ACA-compliant plans, AND ACA exempt plans. These plans include term plans, health share plans, accident plans, critical illness plans, hospital indemnity plans, Medicare plans, life insurance plans, and much more. We focus on keeping our clients educated on their options and staying within budgets, and we are often able to save clients 30-40% on their health insurance costs. Connect with us today to see how we can work together to save you money!
Contact us in Wichita: (316) 710-5500
Contact Us To Get Affordable Health Coverage For Your Needs At No Extra Cost!
Health Insurance in Kansas
There are five metal tiers in the Kansas health insurance market, with each having its own advantages and disadvantages. The lowest tier offers the cheapest premiums, but the highest deductibles. Higher tiers offer lower deductibles and lower out-of-pocket costs. The most expensive tier in Kansas is Gold, and it may be worth it if you have frequent medical expenses. It also has a low maximum out-of-pocket cost.
Catastrophic plan is the cheapest
A catastrophic health insurance plan offers low monthly premiums, but a high annual deductible. This plan may be ideal for people without chronic health conditions or who cannot afford a traditional health insurance plan. A catastrophic plan also provides protection against major illnesses, injuries, and intensive care costs. This type of health insurance plan is available in several states.
Catastrophic health insurance plans are not for everyone. They have high deductibles and have higher out-of-pocket costs. They are also not available to those over 30 unless they qualify for a hardship exemption. You can apply for an exemption if you are a tax dependent, have a dependent child, or experienced another hardship.
A catastrophic health insurance plan will provide coverage for essential ACA benefits, but will also require a high deductible. These plans cover the same essential health benefits as other health insurance plans on the Marketplace, but they cover fewer preventive services and may have lower monthly premiums. For example, a catastrophic health insurance plan will cover at least three visits to a primary care provider each year before the deductible is reached. After the deductible, however, the insurance company will pay for all covered medical expenses.
Depending on the type of health insurance plan you choose, Kansas is a great state for a low-cost health insurance plan. Bronze and Silver plans are affordable options for lower-income families. Depending on where you live, the costs of health insurance will differ significantly.
It offers the lowest premiums with the highest out-of-pocket expenses
Health Insurance in Kansas is available for individuals and families with an employer-sponsored health plan. However, those without employer-based insurance can also purchase a private plan through the Kansas Health Insurance Marketplace. There are two basic types of Kansas health plans: HMOs and EPOs. Each type of plan offers a different combination of premiums, deductibles, and out-of-pocket maximums. These plans are best for people who don’t need extensive medical coverage, but don’t want to spend too much money on insurance premiums.
The average premium for a family of three in Kansas is $1,387 a month. This estimate assumes two parents who are both 40 years old and have a child. If an additional child is added to the family, the cost would increase by $320. For a family of four, the average cost would be $1,707 per month.
Silver plans have lower monthly premiums but have higher out-of-pocket costs. Silver plans often qualify for cost-sharing subsidies, which can reduce your out-of-pocket expenses. Silver plans are also more affordable for people with low incomes. A Silver plan can cost as little as $447 a month, and it can cover up to 30% of your medical costs.
Health Insurance in Kansas can be expensive, but there are options to reduce your premiums and out-of-pocket expenses. In the state of Kansas, Medicaid is a government assistance program that helps make health insurance more affordable for low-income families and pregnant women.
Silver plans offer cost-sharing reductions
For those who meet certain income and family size requirements, Silver plans offer cost-sharing reductions. The federal government reimburses health insurers for cost-sharing reductions, comparing the payments to actual costs and making adjustments accordingly. However, the Trump Administration has stopped making CSR payments to insurers, and they have responded by raising premiums for silver plans.
For example, if Jane has an income of 200 percent of the federal poverty line, she would pay a lower cost-sharing amount. For a plan with a $800 deductible, she would only have to pay $10 per doctor visit. However, if she had an income of 225 percent of the poverty line, she would have to pay a higher premium.
Various insurers offer different cost-sharing reduction plans. These plans have varying premiums, while Bronze and Gold plans cost more. The differences between them depend on the type of benefits and provider networks. Some insurers offer several types of silver plans in each state. While some insurers offer the same benefits and features, they have different co-payments, deductibles, and co-insurance amounts.
Silver plans are offered through the individual and state marketplaces. Each insurer has its own rules on offering silver plans. These regulations require insurers to offer several variants of a standard silver plan for different cost-sharing reduction levels. One variant has an actuarial value of 70 percent, while the others have different actuarial values.
They are available through KanCare
Health Insurance in Kansas is available through KanCaré, a state program. The program provides coverage for health care expenses for individuals and families in need of medical services. Under the program, individuals and families with pre-existing conditions can choose from one of three health plans. Consumers can also choose to switch plans during an annual open enrollment period, which is one year after the date of first enrollment.
Individuals and families can enroll in a variety of insurance plans in Kansas. They can choose to join a group plan through their employer, sign up for Medicaid or Medicare, or purchase a private plan through an insurer. In the Kansas health insurance market, people can access cost-sharing reductions and Advanced Premium Tax Credits.
The cost of Silver plans is slightly lower than that of Bronze plans. Members with a Silver plan pay about 30% of the cost of medical care. They also have lower deductibles, making them an excellent choice if you are low-income and don’t need a lot of medical coverage.
The Medicaid expansion bill for Kansas was pre-filed in early December 2019. The bill would raise the monthly premium to $25 for each additional enrollee. In addition, it would refer Medicaid expansion recipients to job training programs. Both Democrats and Republicans agreed on this bill, which is a step in the right direction.
Children under 15 qualify for lower premiums
If you are a child, you may qualify for lower health insurance premiums. The federal government has created a program called Children’s Health Insurance Program (CHIP) to help children and families afford health insurance. The program has various eligibility requirements, and children under the age of 15 qualify for reduced premiums.
Kansans have many options for getting health insurance coverage, including purchasing it through the health insurance marketplace. Most people who do not have employer-based coverage can buy private plans through the marketplace. These plans are available to singles, families, and self-employed people in any area of the state. Most health insurance plans on the Marketplace cover about 60% to 80% of covered medical expenses, and platinum plans cover as much as ninety percent.
The cheapest health insurance plans in Kansas are the Gold and Platinum plans. While they have higher monthly premiums, they are the cheapest plans if you need care. These plans also have low deductibles, so you’ll only need to pay 20% or less of medical costs when you need them. In Kansas, the cheapest gold plan in 2022 will cost $477 a month.
Health insurance rates differ by age, and older people tend to pay more. For example, a 40-year-old person in Kansas will pay $116 a month more than a 21-year-old on a Silver plan. The types of insurers vary by county, and the best cheap health insurance plan is dependent on where you live and what level of coverage you need.
They are available through the state’s marketplace
The state of Kansas offers a variety of different options for people to purchase health insurance, including private plans. Most Kansans obtain private coverage through their employer, but those without coverage can purchase their own plan through the state’s marketplace. The plans available are designed for individuals, families, and self-employed entrepreneurs. They cover 60 percent to 80 percent of covered medical expenses, depending on the type of plan you choose. The state also offers cost-sharing reductions and an Advanced Premium Tax Credit.
The cost of health insurance in Kansas is determined by the plan you choose. Bronze and Silver plans offer varying amounts of coverage and deductibles. Silver plans often offer lower monthly premiums and deductibles, which lower the amount of money you’ll pay if you need medical care. Bronze plans may have higher deductibles, but can still be an affordable option.
In 2018, the Kansas exchange saw 98,238 individuals enroll in private health plans. However, the rate increases caused a high percentage of these individuals to switch plans. Additionally, the Trump Administration cut funding to the exchange and enrollment assistance programs, resulting in confusion about the ACA’s status. Further, the individual mandate was repealed in 2017, which means that individuals now have less protection under the law.
In addition to the state-run health insurance marketplace, the state’s Medicaid program is the primary source of health insurance for low-income Kansans. This program is funded by the state and federal governments and provides health insurance coverage for 443,000 Kansans. The MediKan program is also available for pregnant and disabled individuals, and those with preexisting conditions. Children under 19 may qualify for Medicaid as well.