Cheap Health Insurance in Hawaii: Get a Free Quote

By: Darla J. Christy
Updated: November 1, 2022
affordable health insurance in hawaii

Each person should have health insurance in Hawaii or some other state he or she is living. Unfortunately, finding cheap health insurance is becoming harder and harder to get. You must follow these steps if you want affordable health insurance in Hawaii.

Multiple factors make the Medicaid program essential, and it’s becoming more expensive. Medical care, the high demand for healthcare services, and the increasing number of uninsured individuals.

Hawaii has some of the highest rates of uninsured residents in the country. The state also has a higher rate of diabetes than other states. These two facts combined mean that the state has a greater risk of having a large population of patients who require expensive treatments. Start applying these smart tips to find an affordable plan today!

 

Health Insurance in Hawaii: What You Should Know

  • Types of Coverage
  • Medical Insurance Marketplace
  • Open Registration
  • Special Registration
  • Market Strategies

Types of Coverage

53.4 percent of Hawaii’s uninsured people in 2019 had healthcare coverage provided by their workplace. In addition, 15.9% of people were covered by Medicare, 17percent by Obamacare, 4 percent by military medical insurance, and 4.1 percent by a non-group program. And even over 4 percent of Hawaii’s population lacked medical insurance.

Medical Insurance Marketplace

There are numerous marketplace plans available to Hawaii residents. Hawaii companies will provide 23 marketplace plans and 36 non-exchange policies in 2021.

Open Registration

1st November 2021 to 15th January 2022 is Hawaii’s open enrollment period for coverage which started in 2022. You might not have another chance to enroll in a health plan until the following year if you don’t sign up during open enrollment.

Special Registration

Unless you enroll during the enrollment period but have a qualifying life event, you could still be eligible to change plans or sign up for a new health plan. For instance, if you get married within the year, you might be able to buy a plan that covers both of you rather than just you.

Market Strategies

You can buy health insurance in Hawaii either through the federal health insurance marketplace or a provider selling off-exchange insurance coverage directly.

 

Family Health Insurance in Hawaii

These are the places you should pay closer attention to. Suppose you’re looking for a family-wide insurance policy. The cost of a family plan depends on the number of people covered, their ages, and their smoking usage backgrounds.

It is crucial to balance the advantages of a low premium against the disadvantages of high deductibles, co-pays, and deductibles amount because purchasing coverage can cost well over $1,000 a month, depending on the size of your family.

You should carefully consider the medical requirements of your family as well. Age-related needs can fluctuate; for instance, your kid might require tonsil removal.

Older partners might need to get tested for more significant illnesses as they age. You should pick a plan that allows everyone to get the treatment they require at a cost that works for your financial situation.

 

Individuals Health Insurance in Hawaii

Since it determines how much you expect to pay for coverage each month, the monthly premium is sometimes regarded as the most crucial factor. You are still required to pay the premium even if you do not use your health benefits, so carefully examine your finances to see what you can manage.

If you suffer from a chronic illness, carefully consider whether you want to put the monthly premium or the out-of-pocket expenses you spend each time you receive medical attention first.

The lowest plan can end up costing you more in the long run if you visit several doctors or need to see your doctor frequently.

Each plan’s taxes, copays, and subscription ranges should be considered. At the same time, you look for insurance because they can assist you in deciding which plan offers the best protection at the most reasonable cost.

Another key distinction is between care provided within and outside of a network. Many insurance plans do not cover out-of-network healthcare, and those typically pay a smaller proportion than they do for in-network services.

Finding a plan that includes your doctor as an in-network provider is crucial if you adore your physician and don’t want to visit anyone else.

POS, PPO, and HMO are all great options for individuals in Hawaii. You must check PPO, POS, and HMO reviews before purchasing.

Self-employed Health Insurance in Hawaii

To provide coverage for yourself and your workers, you might be able to use the SHOP Exchange for micro-enterprises. if your company has even one employee. You can sign up for adaptable, excellent health protection suitable for owners of their own businesses if you are self-employed via the individual Health Insurance Marketplace.

You are regarded as independent if you operate a firm that generates earnings but has no employees. If you are an independent contractor, consultant, freelancer, or another self-employed individual without any staff, you can join through the Marketplace.

 

Children’s Health Insurance in Hawaii

Children in homes meeting Hawaii CHIP enrollment standards are given health insurance. Even though your family’s income is too high for Medicaid, your children may be eligible for coverage under CHIP due to the higher income limits.

Most kids are eligible if their family’s income is equivalent to 308percentage points of the FPL. Children from families that qualify for the CHIP program in Hawaii receive complete coverage.

The covered services include regular dental care, medical care, and vaccinations. Click “Apply Online for Benefits” on the State of Hawaii MyBenefits website to submit a CHIP application.

If you’re unsure whether your child is eligible for CHIP coverage, click “Am I Eligible?” to access a screening tool to help determine whether your household complies with the criteria.

 

What Medicare Choices for Seniors and Disabilities in Hawaii?

health insurance in hawaii

Medicare, a government program created to provide qualified people with access to health care coverage, may be available to you even if you do not meet the requirements for Medicaid.

If you qualify, you have two choices: enroll in Medicare Part or pick a Medicare Supplement provided by other insurance providers.

The majority of prescription drugs are not covered by Original Medicare, which also includes medical insurance and hospital insurance.

It also contains prescription costs, taxes, and alimony, which can quickly pile up. You have the choice to add Medicare Part D or Medical Insurance to your Original Medicare coverage to help control these costs.

Because you can purchase your Medicare coverage directly from an insurance provider through Medicaid Program, you have more purchasing options. Medicare programs and Medicare Advantage often cover more services, and most of them also include prescription drugs.

Eight Healthcare Insurance Plans were offered in Hawaii in 2019. In addition to supplementary plans, Medicaid also offers additional coverage options. Prescriptions are covered by Medicare Part D, but taxes, alimony, and other out-of-pocket costs are covered by medical insurance.

 

How Much Does Hawaii Health Insurance Cost?

Each plan on the Marketplace for Health Insurance may be identified as Silver, Gold, Bronze, or Platinum when you search for coverage there.

Based on monthly premiums and other and in expenses, those “metal tiers” serve as group on-exchange policies.

Average premiums in Hawaii 2019 2020 2021 2022
Silver $480 $460 $467 $468  
Gold $469 $455 $440 $450  
Bronze $361 $363 $314 $313

 

Do Hawaii residents have access to short-term health insurance plans?

If you need health insurance but don’t have any eligible policy, short-term health insurance may be an affordable choice. A temporary healthcare agreement must, by law, end no later than 90 days after the issue date.

The agreement cannot be expanded or extended in any form. Insurance companies no longer offer short-term coverage in Hawaii due to the state’s restrictive short-term insurance rules.

 

Health Insurance Companies in Hawaii

Hawaii had a state-run health marketplace prior to 2016, however, the territory switched to the federal system after that. Hawaii Medical Assistance Organization and Kaiser Foundation Health Plan Inc. are the two health insurance providers for Hawaii available on the federal marketplaces.

Health insurance policies from both organizations serve Hawaii’s five counties, but Kaiser does not offer catastrophic insurance. Furthermore, the Hawaii Health Services Organization does not offer Bronze.

 

Finding the cheapest health insurance in Hawaii

Your needs for coverage and financial circumstances will determine which Hawaii health insurance plan is ideal for you. Top metal tier policies typically feature higher monthly fees, but less for payments such as thresholds, co-payments, and alimony.

These indicate that Gold or Platinum medical insurance would be a wise financial decision if you anticipate getting sick or have proactive medical expenses like medications.

Alternately, when you’re healthier, a smaller metal tier can let you decrease every monthly payment while maintaining insurance in any medical crisis.

Bronze & Catastrophic coverage

Despite having the lowest monthly premiums, catastrophic plans are only available to people below 30 as well as those who are exempt from taxes premiums.

Moreover, tax credits for premiums are not available for catastrophic coverage.

Additionally, the least amount of coverage is provided by these plans. If you have the capacity to cover a substantial amount of your medical expenses in an emergency, you should only consider them.

A premium of $8,700, for instance, is $4,700 higher than the cost of the KP HI Silver 4000/45 premium under the HMSA Catastrophic Plan.

All-inclusive Bronze plans provide lower monthly premiums than Silver policies, but with less comprehensive coverage and higher expenses. As a result, you must pay more from your pocket upfront if you require medical attention all year.

Silver plans

When comparing lesser metal tier plans like Bronze or Expanded Bronze to higher metal tier plans like Platinum or Gold, silver insurance offers a medium ground.

Further minimizing your costs are cost-sharing reduction (CSR) incentives that are available to lower-income households with Silver health plans.

A typical Silver plan will pay for roughly 70percent of your medical expenses, with the remaining 30 percent coming from you.

On the other hand, CSR incentives may allow you to be eligible for a Silver plan that pays up to 94 percent of your medical expenses.

The KP HI Silver 4000/45, with a monthly cost of $468 for a 40-year-old, is Hawaii’s least expensive Silver plan.

Gold plans

Higher metal tier health plans like Platinum and Gold cover the most percentage out of expenses like taxes, higher deductibles, and coverage. The price of these advantages is a more considerable monthly cost.

If you predict having to pay high medical costs for medical illnesses or if you need expensive prescription medicines, Gold and Platinum health policies are usually the most cost-efficient options. Generally, a Gold plan will pay for about an 80percent of the healthcare bills, leaving you to fund the remaining 20%.

The HMSA Gold PPO II is the least expensive Gold plan in Hawaii. The HMSA Platinum PPO , which prices $78 per month for age 40 with a $0 threshold, is the least expensive Platinum plan.

 

Methodology

The Corporation for health care & Medicaid program website served as the source for the cost of health care plan information for this investigation, Hawaii was used. NewHealthInsurance averaged premiums across various variables, including plan tier, and family size, county, using the CMS Public Use Files (PUF). Our research examined plans and providers for which the CMS Pedestrian traffic file contained county-level data; those not included in this database might not be visible.

 

Health Insurance in Hawaii FAQs

What is the cost of medical insurance in Hawaii?

The average monthly premium for health insurance in Hawaii for age 40 in 2022 will be $399 across all plan tiers, which is $2 extra costly than the average monthly premium for 2021.

Does Hawaii have free healthcare?

The only state with almost universal health care coverage is Hawaii. The only requirement in the nation that companies offer health insurance to all workers who put in at least 20 hours per week is the foundation of this program.

Does Hawaii have good health insurance?

There are four metal tiers in the Hawaii health insurance market: silver, gold, bronze, and platinum.

What health plans are available in Hawaii?

Ohana Health Plan, HMSA, Kaiser Permanente, and AlohaCare UnitedHealthcare Community Plan are the 5 MCO health coverage plans that provide medical and Long Term Assistance and Support features.

How much does health care cost in Hawaii?

Hawaii residents may predict serious medical health insurance for themselves to cost about $224.3 per individual. If you are in good health, premiums may be reduced, and prices may fluctuate.

Is Hawaii healthcare affordable?

In comparison to the national approximately of $1,415 for health insurance, Hawaii had the lowest employee costs in the US in 2017 at $675. The average premium contributions made by employees fell below the global rate.

How do I apply for health insurance in Hawaii?
  • Through telephone
  • Through the delivery of mail to the Med-QUEST Division Eligibility Offices
  • Visit www.mybenefits.hawaii.gov online.
 

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