As people are losing their jobs in a difficult economy, more are enrolling in state sponsored healthcare programs
North Hollywood, Calif. (Vocus) December 11, 2008
InsuranceQuotesUS.com, an independent consumer resource for insurance information, reports that state run health insurance initiatives such as the State Children's Health Insurance Program (SCHIP) and Medicaid may be struggling to keep afloat with the influx of newly enrolled beneficiaries.
Many states in an effort to cover more uninsured have made it possible for people with higher incomes to get state health insurance. In California, a household income of $52,000 and under is eligible for assistance, which is about 3 times the federal poverty level. The only problem is that this new expansion coupled with the number of people losing their jobs is putting state health insurance in a precarious financial position.
"As people are losing their jobs in a difficult economy, more are enrolling in state sponsored healthcare programs," explains InsuranceQuotesUS.com CEO Eric Oster. A survey by the Center for Children and Families estimates that about 4 million people have lost their employer-sponsored health insurance over the past year.
If the states reduce income requirements or cut benefits drastically, consumers may need to find other options for health insurance coverage. InsuranceQuotesUS.com has assisted millions of people who have lost health insurance in being able to find affordable health insurance plans. Consumers also can find information on how to save money on health insurance costs.
InsuranceQuotesUS.com has a simple process for obtaining insurance quotes. As a non-insurance carrier, insurance quotes are obtained without bias. By answering a few questions on the insurance quotes request form, InsuranceQuotesUS.com will find three competitive insurance quotes based on the information submitted on the insurance quotes form.
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