The state of Oklahoma is known to have one of the lowest amounts of insured medical care customers in the whole country. In fact, it is second in line with the number of uninsured people with only 1 in 7 residents of the state having health insurance. While legislators move to make available the cheapest health insurance in Oklahoma, this may give rise to other issues.
Cheaper May Mean Less Coverage
We typically expect health insurance to cover most everything that we may reasonably expect ourselves to go through. For example, pregnancy or mental health issues. But with the advent of the new, short-term insurance system, a new competitive kind of insurance can be seen on the horizon with shockingly low coverage.
A medical insurance plan is expected to cover all the medical expenses that you can expect in your life. But these new short-term covers have gigantic gaps in their umbrella. For example, a study conducted in 2018 found that not a single one of these cheapest health insurance plans offered in Oklahoma covers maternity care! For something that is so common in hospitals, it is a shocking gap indeed.
And the story goes a lot further than that. The same survey found that only 60% of them provided some level of mental healthcare, while 70% of them totally ignored prescription medication and substance abuse treatment. These being the top health concerns of the state — heck, of the whole country — this level of the gap in health insurance is truly unfortunate.
Is it truly Cost-Effective?
The deviation from standard expectations as mentioned above leaves a major crater behind that swallows the money of the enrolees quickly enough. When invoked, the insurance holders find out that their cheap insurance — which sounded a real steal at that time — is actually covering nothing they needed to be covered. Standard medication, for example.
When hospitalized, these bills come as big as the actual procedure itself — maybe even bigger. And since your short-term insurance isn’t covering it, you will end up spending more money than old-fashioned full-coverage health insurance. What’s more, these short-term plans may end up increasing premiums on the market, making everything costlier for everyone.
Give Us a Call
While these worries haunt you, why not let us take care of everything? If you are looking for health insurance at a reasonable price, then contact Oklahoma Health Options.