Missouri Health InsuranceIndividuals and Families
Missouri Health Insurance
How to find an affordable plan.
Missouri health insurance offers average individuals a way to reduce their unexpected medical costs and create affordable access to cutting edge medical treatment. By pooling the premiums paid by all policyholders, an insurance company creates a reserve of funds from which they will pay their portion of medical expenses incurred by their policyholders. Any funds left unused at year end are carried over to cover expenses the following year. Since many policyholders who faithfully pay premiums are in good health, there is generally a large amount of unused funds available for carryover. The state of Missouri has been more than vigilant in the creation of a fair and comprehensive system of health care to cover all Missouri residents. Studies conducted by the state of Missouri show that more than 700.000 residents were without health insurance coverage. This lack of health insurance coverage not only results in reduced preventative care among Missouri residents, but also causes extremely large medical bills for those uninsured individuals who do seek care. If you do not have health insurance through an employer you need to consider individual coverage. To access the most affordable health insurance policy you need tools and knowledge which are provided below.
Contact Information:Health Insurance Online - St. Louis, Missouri
7253 Watson Road
St. LouisMO 63119
Telephone: (877) 498-0836
Monday - Friday 9am - 5:30pm CT
Leading Missouri Health Insurance Companies
Health Insurance Coverage Options
By this point, the value of a health insurance policy has become apparent. But how do you decide which type of policy is right for you? There are many coverage options available to Missouri residents. No matter what your budget, health history or individual needs are, you're bound to find a policy that works for you.
Individual coverage: If you are of generally good health, an individual policy could be the perfect option for you. With individual coverage, you can choose to have a copayment or deductible. A deductible will make a big impact on the cost of your policy. Policies with deductibles are less expensive than policies without, and the higher the deductible the cheaper the policy. If you think you won't need to use your insurance that often, then you should consider setting high deductibles. If you have dependents, you choose a family plan to provide an umbrella of coverage for the whole family. It could be more affordable to cover your dependents with their own individual policy, so be sure to examine both options.
Medicare: If you are over 65, you are afforded individual coverage through Medicare. This means you only need supplemental coverage called, Medigap. Medigap coverage will pay for Medicare deductible and copayment expenses as well as any expenses not covered under your Medicare policy. Expenses like alternative healing costs, treatment related travel expenses and more may be covered under Medigap.
Group coverage: Many employers in Missouri make health insurance available to their employee group and their employees' families. Generally, employers pay part of the premium costs in order to make group insurance affordable for all employees. Since group insurance coverage underwriting does not consider your individual health history, you'll find you are able to get the coverage even if you've been turned down by other insurers. Some fraternal organizations and unions also offer group health insurance coverage. If at any point while covered you leave your employer or group, you will be offered COBRA coverage which provides up to 18 months after you leave. COBRA offers additional benefits for survivors after the death of the covered employee and in the event of divorce.
Major medical: If you are concerned only with defraying expenses incurred by a catastrophic illness or accident, you might consider major medical coverage. With major medical coverage, you'll have an inexpensive premium payment and the peace of mind in knowing that any major surgeries, accident-related health expenses and catastrophic illnesses are covered. Most major medical policies include a copayment or deductible.
State high risk pool:For those individuals who are uninsurable or who have been quoted health insurance premiums that are 150% more than standard premiums, there is the Missouri Health Insurance Pool (MHIP). MHIP is offered by the State of Missouri and administered by Anthem Blue Cross and Blue Shield and Blue Cross and Blue Shield of Kansas City. When insured by MHIP you will be expected to pay a premium for coverage. In exchange, you will be covered under a policy that provides the same great care and coverage as a standard insurance policy.
State subsidized program: For low income families and children, Missouri offers MC+ for Kids. MC+ for Kids is a program that acts as an expansion of the Medicaid program. MC+ for Kids provides health insurance to Missouri children under age 19 whose families cannot afford to provide their own health insurance policy.
Health savings accounts:HSA's can be used as a self-funded policy. All your health care expenses will be out of pocket, but you will benefit from the tax savings afforded by HSA contributions. You can also combine HSA's with major medical policies or high deductibles to offset your costs. HSA's can also reduce your need for supplementary coverage like vision or dental, since your HSA funds can be used to pay for those expenses.
Premium frequency: In order to avoid a lapse, you must consistently pay your insurance premium. You have the option of making payments monthly, quarterly, semi-annually or annually. You may be able to pay by mail, drop off or electronic bank transfer. However you decide to make your payments, be sure to choose an option you can stick to. Once your policy lapses, you will be required to provide current medical records and go through the underwriting process again. Any illnesses or chronic conditions you've been diagnosed with since you took the policy out originally will be seen unfavorably by the underwriter and could result in the denial of your reinstatement.
Resources and Information
Missouri Medicare Plans
Seniors age 65 and older are eligible for a variety of Medicare plans in Ohio. Medicare plan options include Medigap and Medicare Advantage policies:
Missouri Doctor Directory
Doctors practicing medicine in the State of Missouri are licensed by the state. Doctors accept different forms of health insurance which you can verify before setting an appointment.