It’s a good time to live in Rhode Island during this era of uncertainty regarding the health insurance industry. It’s not altogether difficult to find plans to meet your Rhode Island health insurance needs, and in fact, right now you can use our search bar to find the applicable plans for your Rhode Island location. The state of Rhode has one of the lowest uninsured rates in the whole country, and it is estimated that only about 40,000 residents in the state remain uninsured.
Despite the threat to the ACA, government healthcare administrators have made assurances to the residents of the state that the Rhode Island exchange for health plans has been prepared to react to any changes in the federal level.
Private Rhode Island Health Insurance
Residents in Rhode Island can choose health plans on and off the state exchange. Both types of health insurance comply with the basic ACA requirements which provide you with coverage for all the essential medical and preventive services. The main difference is that in the exchange you’re guaranteed to obtain qualified health plans (QHPs) that also comply with state requirements for QHP certification. Some health plans off the exchange can also be certified QHPs.
With our search bar, you will be able to find the health plans that are available for your particular county. These plans can be either on or off the exchange, and you will have plenty of options to choose from. The exchange has two carriers in the state, and they are Blue Cross Blue Shield of Rhode Island and Neighborhood Health Plan of Rhode Island.
One of the main advantages of obtaining health care coverage in the private market is that you can choose from many options. You can find the health insurance plan for individuals and for families with the precise set of benefits that offer you the most relevant coverage for your healthcare needs.
Employer-Sponsored & Small Business Health Insurance Rhode Island
Your workplace can also offer you and your family proper health insurance coverage. You don’t get to choose which carrier will provide the plans, though in general, you can pick from among the plans that the carrier offers. It is your employer who picks the carrier that the company will work with.
Larger companies with at least 50 employees typically offer health insurance plans through the workplace. This is not just because these plans help the company as well by attracting more qualified applicants with these benefits and by increasing workforce morale and productivity. It’s also because they risk tax penalties if they don’t have any insurance plans to offer for their employees.
Smaller businesses are not required to offer such plans, but some do because of the benefits for their business. Also, these smaller businesses may be offered tax credits as well. Sole proprietors and the self-employed can also obtain these small group plans to get coverage for themselves and their families.
Employees often find these plans advantageous because it saves them the effort of sifting through numerous health plans to find the right one. These health plans are typically more affordable, as a large portion of the premium is paid for by the employer.
The Cobra Program helps make sure that employees enjoy continues healthcare coverage even if they lose their job or eligibility for the employer-sponsored insurance. The program allows employees to pay for the premiums themselves, during an extension period for the coverage that can last up to 18 months. That’s ample time for an employee to either purchase private insurance or to get a new job that also offers a health plan through the workplace.
Medical Assistance & Low Income Health Insurance Rhode Island
This is the name that Rhode Island gives for its Medicaid program. It offers health care coverage for residents with special needs and low income. Qualified applicants include the aged, blind, and disabled. Pregnant women can also qualify if their family income does not exceed 253% of the federal poverty level. In a family of 4 (with the unborn children also considered as part of the family), the income ceiling for pregnant women is $63,503 per year.
The RI MA (Rhode Island MA) also offers coverage for children, and in fact, the eligibility requirements are less stringent because of the Children’s Health Insurance Program (CHIP, which is called Rite Care in Rhode Island). Children can qualify for free or low-cost healthcare coverage for services if their family income does not exceed 261% of the FPL. For a family of four, that’s an income ceiling of $65,511.
Parents and caretakers in Rhode Island can also receive the full benefits of the MA coverage if they qualify. The income ceiling for this group is 116% of the FPL, which is an annual income of $29,116 for a family of four.
The expansion of the Medicaid program also has resulted in qualifying more adults to join Medicaid. Adults can be eligible for the expansion if they’re between ages 19 and 64, are US citizens or who have been in the country as legal immigrants for at least five years, and if they’re not eligible for traditional Medicaid or Medicare. The income ceiling is 133% of FPL or $33,383 per year for a family of four.
If you have any questions regarding any of the Medicaid programs that are available in Rhode Island, please do not hesitate to get in contact with use at HealthQuoteInfo.
Rhode Island Open Enrollment 2019 & Rhode Island Obamacare Insurance
The Rhode Island Open Enrollment period for health insurance in 2019 will run from November 1st, 2018 to December 15th, 2019.
For all your other questions regarding health insurance in Rhode Island, please do not hesitate to give us a call at 1-855-881-0430. We stand ready to guide you so that you can get the health & medical insurance coverage you need and deserve.