Navigation Links
New AHIP Survey Finds Individual Health Care Coverage Accessible and Affordable
Date:12/19/2007

Nine out of ten who complete the application process were offered coverage

WASHINGTON, Dec. 19 /PRNewswire-USNewswire/ -- A comprehensive survey of the individual health insurance market released today by America's Health Insurance Plans (AHIP) found that health care coverage is more accessible and affordable than is widely known. The survey found that premiums are affordable, most who applied were offered coverage, and that consumers have access to a wide variety of benefit options to meet their individual needs. In addition, health savings accounts (HSAs) continue to be a popular coverage option among consumers.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040830/AHIPLOGO )

"Consumers purchasing individual health care coverage have access to a wide variety of affordable health care coverage options," said Karen Ignagni, President and CEO of AHIP. "Most applicants, regardless of age, were offered health care coverage at an affordable rate, giving them peace of mind and protecting their health security."

The new study, Individual Health Insurance 2006-2007: A Comprehensive Survey of Premiums, Availability, and Benefits, is the most comprehensive survey of the individual health insurance market and is a follow up to several previous AHIP surveys.

According to the survey, nine out of ten applicants (89 percent) who went through the application process were offered coverage. Forty percent of these offers were at standard premium rates and 49 percent were offered at lower (preferred) rates. Even among those age 60-64, seventy-one percent were offered coverage and three-quarters (74 percent) of these were at standard or preferred rates.

Nationwide, annual premiums averaged $2,613 for single coverage and $5,799 for family plans in the 2006-2007 period. Premiums varied by state, reflecting a variety of factors, including premium rating and underwriting rules, differences in health care costs, demographics, and consumer benefit preferences. Premiums were significantly higher in states with restrictions on premium variation and underwriting, often known as "guaranteed issue" and "community rating." However, approximately 95 percent of the policies surveyed were sold in states where the average annual premium was under $3,400 for single coverage or $7,200 for family coverage.

Consumers in the individual market were offered a wide range of benefits, including mental or behavioral health, prescription drugs, preventive, and maternity benefits. Some level of behavioral health coverage was included in nine out of ten policies purchased. Coverage for complementary and alternative therapy was also quite popular, while vision and dental coverage were chosen much less frequently.

The most commonly purchased coverage option was preferred provider organization (PPO) / point-of-service (POS) coverage, representing 78 percent of single policies and 66 percent of family policies in force.

Health savings accounts (HSAs) continue to be a popular coverage option among consumers in the individual market. Ten percent of single policies and 23 percent of family policies chosen provided coverage in conjunction with an HSA. Notably, the average out-of-pocket maximum paid by consumers with an HSA policy often is not much higher than the average plan deductible, meaning many HSA plans consider the deductible to be the primary form of cost-sharing.

Most of the policies chosen had annual out-of-pocket limits under $5,000, and the average lifetime maximum benefit (among plans with a maximum) was nearly $4 million.

Click here to view the entire survey: http://www.ahipresearch.org/pdfs/Individual_Market_Survey_December_2007.pdf .

AHIP is the national trade association representing nearly 1,300 member companies providing health insurance coverage to more than 200 million Americans


'/>"/>
SOURCE America's Health Insurance Plans
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Survey reveals disparities in skin cancer knowledge, protection among high school students
2. New Survey Shows Americans are Still Concerned About Food Safety, Yet Still Not Smart About What They Like to Eat
3. One of the Largest Post-WHI Physician Surveys Shows More Education is Needed: Patient Misinformation About Hormone Therapy Remains High
4. Hospitals Could Improve Outcomes for Patients and Save Millions According to Hill-Rom 10th Annual Pressure Ulcer Survey
5. Youth Drug Use at a Five Year Low, New Survey Shows
6. Survey From The Partnership and MetLife Foundation Reveals Important Role Todays Grandparents Play in Teens Lives
7. Parental surveys boost diagnosis abilities of pediatricians
8. National Survey Shows Employee Fears About Consumer-Driven Health Plans on Decline
9. JHA Releases 2007 U.S. Group Disability Mid-Year Market Survey Results
10. PA Health Department Survey Shows Impact of Income, Gender, Other Factors on Health and Access to Health Care
11. Launch of second European Cancer Research Funding survey
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2017)... ... August 21, 2017 , ... San Diego physician and surgeon ... reform plan, has announced his candidacy for the 52nd Congressional District currently held by ... America’s Promise. Coming to this country at age eleven after suffering homelessness and hardship ...
(Date:8/20/2017)... Calif. (PRWEB) , ... August 20, 2017 , ... A total solar eclipse ... for a few minutes as the moon moves between the sun and Earth. This rare ... , These four tips can help keep you safe on the road during the total ...
(Date:8/20/2017)... CO (PRWEB) , ... August 20, 2017 , ... Are ... the same household? If so, you may be interested in participating in a ... purpose of this research is to understand more about the relational aspects of adults ...
(Date:8/19/2017)... California (PRWEB) , ... August 18, 2017 , ... ... a partnership aimed at creating a transparent, verifiable database to help the cannabis ... distributed ledger technology, Paragon hopes to deliver a faster technology with lower fees. ...
(Date:8/19/2017)... ... , ... Curl Keeper® is excited to announce that the H2O Water Bottle ... for the second year in a row. The H2O Bottle, a refillable ultra-fine spray ... Moisturizer for Type 2 Wavies and Best Refresher for Type 2 Wavies in 2017. ...
Breaking Medicine News(10 mins):
(Date:8/8/2017)... 2017   Second-quarter ... (GAAP) loss per share from continuing operations ... increased 16 percent to $110 million ... percent to $161 million ... continuing operations increased 8 percent to $0.93 ...
(Date:8/7/2017)... DUBLIN , Aug. 7, 2017  Endo International ... has reached agreements to resolve virtually all known U.S. ... in discussions to resolve the known remaining U.S. claims ... installment payments beginning in the fourth quarter of 2017 ... part of its second quarter 2017 results, the Company ...
(Date:8/2/2017)... BENTON, Ky. , Aug. 2, 2017   Marshall County Hospital in ... (ES) team to proactively reduce the risk of hospital-acquired infections (HAIs). The new addition, ... uses UVC light energy to kill deadly pathogens such as C. diff , MRSA, ... Tru-D SmartUVC ... Tru-D in action in a patient room ...
Breaking Medicine Technology: