The Obamacare Hawaii state exchange is run by the state of Hawaii. This is because Hawaii’s government has decided to take control of their healthcare marketplace. The healthcare marketplace in Hawaii is responsible for signing up those who lack healthcare insurance.
Hawaii is one of 15 states that will run their own healthcare marketplace. The Obamacare Hawaii state exchange for Hawaii residents can be found at the Hawaii Health Connector.
The Hawaii healthcare exchange is simply a store where you can compare/buy Obamacare plans. 85% of Americans already have insurance, and have little need for the healthcare exchange (other than to shop for a cheaper plan). 15% of Americans don’t have insurance. These are the ones who really need to use the healthcare exchange to get coverage.
How Do I Sign Up For Obamacare In Hawaii
How do I sign up for Obamacare in Hawaii?
Sign up for Hawaii Obamacare by going to the Hawaii Health Connector. You can get healthcare on the Obamacare Hawaii state exchange 3 ways:
- by mail
- in person
Calling 877-628-5076 is the phone number for Hawaii Obamacare help. Small business can also call that number. You can go Find Local Obamacare help here.
Open enrollment begins October 1st of each year. Healthcare coverage begins January 1st. You must apply for healthcare via open enrollment by March 31st. You must have health coverage or pay a penalty due to the Individual Mandate. By applying for coverage, you will find out if you qualify for:
- Subsidized Private Insurance Plan
- Private Insurance Plan (likely cheaper premiums than private offerings)
Obamacare For Hawaii Residents
Obamacare for Hawaii residents can be bought at the Hawaii Health Connector. You can go there to see what plans you qualify for, and how much they cost. Hawaii residents with lower incomes are eligible for subsidies or Medicaid.
Do I Need To Sign Up For Obamacare?
To answer the question, “Do I need to sign up for Obamacare?” consider the following:
- If you like the insurance you have through your employer, you don’t have to do anything.
- If you don’t have insurance–and you are low income–you may qualify for the expansion of Medicaid.
- If you don’t qualify for Medicaid, you will likely qualify for subsidies to buy health insurance.
Hawaii has made it easy to sign up for Obamacare. Here is a quick look at the Hawaii Health Connector service:
Obamacare Hawaii Rates
Obamacare Hawaii rates vary by the same factors that exist in most states. In Hawaii, the rate you pay for health insurance varies by:
- your age
- where you live in Hawaii
- if you smoke
- your income
- If you are 100% above the poverty line
- If you are below 400% the poverty line
- the level of coverage you pick
Federal tax credits will help people with low to mid incomes pay for heath insurance. Obamacare Hawaii tax credits are the same as in other states. The only difference is how the poverty level is defined in each state. The rate is higher in Hawaii, as $13,230 is the Federal Poverty Line.
Hawaii premiums for insurance are coming in lower than expected. The best way to get lower premiums is to qualify for Federal subsides.
Subsidies on Hawaii premiums are for individuals and families who make:
- $13,230 to $52,920 for individuals
- $17,510 to $70,040 for a family of 2
- $22,470 to $89,880 for a family of 3
- $27,090 to $108,360 for a family of 4
- $31,710 to $114,140 for a family of 5
- $36,330 to $145,320 for a family of 6
- $40,950 to $163,800 for a family of 7
- $45,570 to $182,280 for a family of 8
Individuals and families that make less than this range will be eligible for the expansion of Medicaid. Those that make more than this range are not eligible for Federal subsidies, but should still be able to find cheaper plans. There is more competition on the health exchange, so prices are being driven lower.
Obamacare Hawaii premiums also depend on the type of plan you choose. See more about Obamacare plans here. The good news about Hawaii rates is that they are lower than the national average. This is due to competition. Many insurance companies are competing for your healthcare dollars.
More good news about Hawaii premiums is that Federal subsidies will help lower these costs for many people. Individuals making less than $52,920 are eligible for subsides in Hawaii. Families of four making less than $108,360 should also qualify for subsidies on premiums.
Medicaid Expansion In Hawaii
Medicaid expansion in Hawaii is going to happen starting January 1st, 2014. Under Obamacare, people making less than $ 17,596 should get free insurance paid for by the Federal government, called Medicaid. (Medicaid Eligibility is calculated at 133% of the Federal Poverty Line). Governor Neil Abercrombie says:
[The Affordable Care Act] is our ally [and that we want] to support a healthcare system that ensures high quality, safety and sustainable costs.
This means 30,000 low-income people who qualify for Medicaid will get free health insurance. Although all this may sound complicated, sign up at the Hawaii Health Connector to see what Obamacare in Hawaii can do for you.