Downward Trend in Ohio Health Insurance Rates

Health care costs are slowing down in Ohio and in other states, and is reflected in lower cost increases for all types of medical plans in 2012. This could be the best time to invest in health insurance Ohio.

A national survey conducted by Buck Consultants shows that costs for
all types of medical plans are expected to increase by 9.9% for 2012.
This is being welcomed as this is the first time since 2001 that Buck
has predicted cost increases less than 10% for any type of plan. If you
live in Ohio, this could be the best time to invest in Ohio health
insurance – whether for your employees or for your family. Fall in Rates for All Types of PlansBuck’s
survey covered 129 insurers and administrators providing benefits for
up to 109 million people. It measured the projected average annual
increase in employer-provided health care benefit costs. Compared to
2011, the rates fell in 2012 for various plans:•    HMO (health maintenance organization) rates – from  11% to 9.9% •    PPO (preferred provider organization) rates – from 11.2% to 9.9%•    POS (point of service) rates – from 11% to 9.9%•    HDHP (high deductible health plans) – from 11.1% to 9.9%According
to Daniel Levin, a Buck principal and consulting actuary who directed
the survey, one of the main reasons for the reduced trend could be that
health insurance companies that had added margins to account for health
care reform benefit changes mandated for 2011, have removed them for
2012.Levin said that the downward trend also reflects the lower
expected costs as a result of the economic slowdown, with employees
trying to cut their out-of-pocket expenses and postponing elective
medical services. Buy Health Insurance Ohio NowLeading
health insurance companies such as Anthem Blue Cross Blue Shield,
Medical Mutual of Ohio, UnitedHealthOne, Humana, Assurant, and AETNA
offer various types of health insurance Ohio
plans. The first step in choosing the right plan is considering the
current and future health needs of your family, and seeing if you need
just basic coverage or more benefits. Does the plan cover expenses such
as preventive care, dental visits, and prescription drugs? Check if your
current doctors are in the plan network. It’s also important to
consider your budget – consider only plans you can afford. Remember that
a plan with lower monthly costs means higher payments for doctor office
visits and other services. Contacting a reliable Ohio health insurance broker
is the best way to compare plans and get price quotes. Remember that
you will get an estimate first – the real cost of your plan is
determined after a review. Now that costs are showing a downward trend,
this is definitely the time to purchase health insurance Ohio.