subject: Changes in Medical Insurance Industry in Florida [print this page] Changes in Medical Insurance Industry in Florida
The need of medical insurance has grown in the recent past. With rising costs of healthcare services, Florida has seen a huge upsurge in the consumer base. However, not all of them could buy a health insurance policy. However, with the implementation of healthcare reforms, buying a health insurance policy has become more affordable. Moreover, new options are propping up in the market. A very competitive concept of health insurance exchanges is coming up, which would mean that consumers would be able to buy affordable health insurance policies from private insurers as well.
While talking about private insurers offering medical insurance plans in Florida, we can have: Aetna, AMS, Assurant, Avalon Healthcare, AvMed Health Plans, Blue Cross and Blue Shield, Celtic, Cigna, Coventry, Golden Rule, Humana One, IAC, Solera Dental, and Vista. At the same time, government sponsored medical assistance programs include Medicaid, Florida KidCare Program, Florida Breast and Cervical Cancer Program, and the Federal Health Coverage Tax Credit (HCTC).
The scenario around medical insurance has changed a lot. Following the implementation of the affordable care act, consumers in Florida have a wider access to medical insurance policies. Some of the significant changes introduced by the healthcare reforms are:
1. Small business in Florida will enjoy tax credits if they offer medical insurance to their employees.
2. Private medical insurance companies based in Florida will no longer be allowed to place lifetime limits on the coverage they offer. At the same time, insurance companies can't drop consumers from coverage when they get sick. By far, this is considered one of most attractive changes that the healthcare reforms have brought in.
3. In Florida, children will be enjoying no exclusion due to their pre-existing condition. At the same time, children are allowed to stay in their parent's medical insurance policy as dependents till the age of 26 years.
4. Through healthcare reforms, Florida has been offered a sum of $351 million federal dollars to offer medical assistance coverage for its uninsured residents who are reported with pre-existing medical conditions.
5. All community health centers in Florida will be offered with increased funding, enabling them provide better standards of healthcare services to the patients.
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