Throughout the years, health insurance in Kansas has changed drastically. This is especially true for 2017, wherein its residents who participated in the recent enrolment have noticed rate increases. As someone who lives in the Sunflower State, you should make yourself more educated in the changes that have taken place. This way, you can avoid paying exorbitant rates towards your coverage.
How healthy people in the state are
Another basis of rates is location-based health performance.
In 2015, The Commonwealth Fund conducted the annual State Health System Performance, wherein it ranked the state 28th (out of 51), with two quintile 2 and three quintile 3 scorecards. Its highest score is for Prevention & Treatment (ranking 16th), followed by Access (23rd), Healthy Lives (27th), Avoidable Hospital Use & Costs (31st), and Equity (36th).
Here are some of the notable findings for the state’s Healthy Lives scorecard:
Mortality amenable to healthcare: 78 out of 100,000 people
Breast cancer fatalities: 18.5 out of 100,000 women
Colorectal cancer fatalities: 15.4 out of 100,000 individuals
Percentage of adult smokers: 17%
Adult obesity: 32%
Obesity in children aged 10-17: 30%
The organization also made several comparisons under the Access indicator. Some of these include the following:
15% of adults (19 to 64 years old) don’t have insurance, compared with the national average of 15%
6% of children (infants to 18 years old) are uninsured, as opposed to the countrywide average of 6%
13% of the adult population chose not to obtain insurance due to the high costs associated with it
15% of adults had expensive out-of-pocket medical bills
Your coverage options and how much your provider will reimburse
In the event that you need to undergo medical services or hospitalization, your health insurance plan will cover a percentage bigger than your out-of-pocket expenses. How big will depend on the specific type of metal tier you have. The reimbursements are as follows:
Bronze – 60%
Silver – 70%
Gold – 80%
Platinum – 90%
To give Kansas consumers an idea on their 2017 premium averages, the United States Department of Health & Human Services charted out these projections:
Average lowest-cost, monthly premium within metal level: $439
Average net premium for lowest cost plan within metal tier: $124
Second-lowest silver before advance premium tax credit (for a 27-year old with a $25,000 household income): $308
Second-lowest silver after advance premium tax credit (for a 27-year old with a $25,000 household income): $142
Second-lowest silver before advance premium tax credit (for a family of four with a $60,000 household income): $1,114
Second-lowest silver before advance premium tax credit (for a family of four with a $60,000 household income): $405
The dramatic reduction in its uninsured rating
The Affordable Car Act (ACA, Obamacare) has resulted in all of the 50 states, plus the District of Columbia, seeing considerable drops in their uninsured rating. This is important, seeing that insurers take into careful consideration a place’s insured population when calculating rates. In most cases, areas with low counts of individuals without insurance have better rates.
In a recent U.S. Department of Health & Human Services study, it showed that KS, with an estimated population of 2,911,641 (2015, latest data1), had a 2015 uninsured rating of 9.1%. This represents a 4.8% drop from the 2010 rating of 13.9%. In numbers, this accounts for 137,000 people who became insured throughout the 5-year gap study.
You know how valuable health insurance is, but at the same time, you also want to trim down your expenses. This is why you should consider cutting back on coverage as your last option, as even a single-notch downgrade can already mean thousands of dollars in out-of-pocket hospital and medical bills.