When you are a resident of Oklahoma and opting out for health insurance coverage for you and your family, there are a lot of things to consider. Since there are options, you need to decide Whether or not you need low-cost health insurance. There are many private insurance companies offering health insurance plans for the residents of Oklahoma. If you don’t have much idea about health insurance in OKC, you should consider visiting a professional insurer.
What Is Individual Mandate
According to the Affordable Care Act of 2010, both citizens and legal residents of Oklahoma are required to have either health insurance coverage or pay annual tax for going without insurance. Since it’s required by the law to have health insurance, you need to understand a lot of things regarding the same. Although you are exempted from individual mandate if you have –
Religious objection
Your monthly income is below per the poverty line
You’re not covered for more than three months in a year
The cost of your coverage exceeds 8 percent of your entire household income
Coverage for Your Small Business
If you have a small business in Oklahoma, you can purchase coverage for your employees. You can contact a private insurance company in this regard.
Oklahoma Standardized Plans
According to ACA standardized benefits, there are four qualifying categories: bronze, silver, gold and platinum. Each category is based on the average amount of healthcare costs.
Premiums of Your Coverage
There are many factors that determine the premiums of your coverage. The factors include your age, location and number of your family members enrolling along with you.
Health Insurance Costs
Each health insurance plan in Oklahoma has different costs. For example, average low-cost bronze premium will cost around $361 to $367 whereas, low-cost bronze premium will cost around $502 to $522.
Oklahoma Health Options offer affordable insurance plans for both individuals and families. We will determine your financial conditions and give you the right quote. If you own a business and want qualifying coverage for your employees, you're always welcome. We will try our best to fetch out the best plan for you. Call us today and schedule a visit.
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