As many as 10 states in the country have seen rate increases for health coverage amounting to more than 30%. Sadly, Nebraska is one of them. The good news is, residents can still consider this favorable, as the hikes are lower than many other areas in the country. As long as you enter the market educated, you can find a plan that will provide you with adequate coverage, but won’t create a huge dent on your wallet. This guide contains some of the most important info about health insurance in the state this year.
Premiums and health rankings
In the 2015 Commonwealth Fund’s State Health System Performance, it ranked 13th of 51, getting above average scores of quintile 2 for all of the study’s indicators. These include “Access,” “Prevention & Treatment,” “Avoidable Hospital Use & Costs,” “Healthy Lives,” and “Equity.”
Some of the key findings in the “Healthy Lives” category include the following:
Mortality amenable to healthcare: 65 out of 100,000 people
Breast cancer fatalities: 21 out of 100,000 women
Colorectal cancer fatalities: 15.2 out of 100,000 individuals
Percentage of adult smokers: 17%
Adult obesity: 31%
Obesity in children aged 10-17: 29%
Below are a few notable takeaways regarding health insurance access in the state:
13% of adults (19 to 64 years old) don’t have insurance, compared with the national average of 15%
5% of children (infants to 18 years old) are uninsured, as opposed to the countrywide average of 6%
12% of the adult population chose not to obtain insurance due to the high costs associated with it (the same with the US average)
15% of adults had expensive out-of-pocket medical bills, 2% higher than the national average of 16%
What your coverage options are
There are four types of coverage options you can select from. These metal tiers differ in terms of the portion covered by the insurer and the percentage the plan owner pays for. With insurance, you can expect to receive reimbursements for more than half of what you owe in medical and hospital costs.
Below is a breakdown of each metal tier
Bronze – 60%
Silver – 70%
Gold – 80%
Platinum – 90%
It’s important you have some idea on how much you can expect to pay towards your premiums this year.
In another report from the United States Department of Health & Human Services, the following 2017 projected premium averages were listed:
Average lowest-cost, monthly premium within metal level: $515
Average net premium for lowest cost plan within metal tier: $99
Second-lowest silver before advance premium tax credit (for a 27-year old with a $25,000 household income): $411
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): $1,487
Second-lowest silver before advance premium tax credit (for a family of four with a $60,000 household income): $405
Uninsured rating down by 3.3%
The national rate increase averages at 25%, meaning that NE has experienced a higher hike. However, the drop in its uninsured rating helped reduce the possibility of a much bigger increase. According to the U.S. Department of Health & Human Services, The Cornhusker State, which has an estimated population of 1,896,190 (2015, latest data1), saw a 3.3 drop decrease in the number of its residents without insurance from 2010 to 2015. In the beginning of the study, this was up by 11.5%. The change represented an increase of 62,000 insured individuals.
These are just some of the latest info you should know about today’s health insurance in Nebraska, as all these will assist you in finding coverage that isn’t just affordable, but sufficient as well. To learn more, read this article: Health Insurance: To A Better Quality of Life.