Historically, Oklahoma has been among the states with the highest rate of uninsured residents. Though it has seen improvement since the Affordable Care Act’s health insurance exchanges opened for 2014 coverage, it still falls into the highest uninsured quintile.
The health insurance landscape primarily includes job-based healthcare benefits, public health insurance programs for people of all ages and family sizes, subsidized coverage through the state’s Obamacare exchange, and ACA-compliant health plans sold in the private marketplace through websites such as HealthCare.org.
Oklahoma and the Affordable Care Act
When the Obamacare health insurance exchanges opened for business Oct. 1, 2013, Oklahoma defaulted to a federally facilitated exchange. Oklahomans shopping for individual and family health plans can buy coverage through the Health Insurance Marketplace. Marketplace plans are the only plans eligible for income-based financial assistance in the form of premium tax credits and cost-sharing subsidies.
Some Oklahomans may earn too much to qualify for Obamacare credits and subsidies. They may opt to explore ACA-compliant coverage options in the private marketplace where plan selection may differ from the Health Insurance Marketplace. HealthCare.org provides Oklahoma health insurance quotes for major medical plans that qualify as minimum essential coverage. Oklahomans can also shop HealthCare.org for short term health insurance, supplemental health insurance, dental insurance and Medicare supplement plans.
Oklahoma employers with 50 or fewer full-time employees can offer healthcare benefits through the Small Business Health Options Program (SHOP).
Medicaid expansion in Oklahoma
Oklahoma is among the states that have not expanded Medicaid to single, low-income adults ages 19 to 64. As such, those who want to enroll in Medicaid must meet certain eligibility criteria set by the state.
Information about Oklahoma’s Children’s Health Insurance Program is available at http://www.okhca.org/.