Hawaii Health Insurance

According to the National Association of Insurance Commissioners total insurance premiums in the US amounted to $945.9 billion in 2005-which was a reduction of 1.1% from $956.9 billion. Premiums in the property/casualty sector totaled $427.4 billion (excluding state funds), while life/health premiums totaled $518.5 billion.

The Hawaii Guarantee Association Act has made a provision for protection of policy owners in the even that their respective insurers are declared insolvent. The Hawaii Life & Disability Insurance Guaranty Association is a statutory entity created by the Hawaii legislature under the Hawaii Guaranty Association Act . The guaranty association comprises insurance companies licensed to sell life insurance, accident and Health Insurance, and individual annuities in the state of Hawaii. When a member insurance company becomes insolvent and is ordered to be liquidated by a court, the Guaranty Association Act allows the guaranty association to provide coverage (up to the limits spelled out in the Act) to Hawaii residents who own life and Health Insurance policies and individual annuities with the insolvent insurance company.

Specifically, when a member insurer becomes insolvent and is faces liquidation, a special deputy receiver takes over the insurance entity under court supervision and processes the assets and liabilities through liquidation. The responsibility of servicing the insurance company's policies and providing coverage to policyholders domiciled in Hawaii becomes the obligation of the guaranty association. The protection provided by the guaranty association is derived from Hawaii law and the language of the insolvent company's policies at the time of insolvency.

The Health Insurance and Portability and Accountability Act (HIPAA) enacted on August 21, 1996, amended the PHS Act, the ERISA Act, and the Internal Revenue Code to improve continuity and availability of group health plan coverage and group health insurance that are provided along with employment., as well as personal Health Insurance market (i.e. those not provided by the employer of the individual).

The HIPAA aimed to implement the following in pursuit of the above goal:-

• Restricting the number of exclusions for preexisting medical conditions;
• Extending credit for prior health coverage and enabling a process for transmitting certificates and other information concerning prior coverage to a new group health plan or issuer;
• Making provisions for new rights that allow individuals to enroll for health coverage when they lose other health coverage or have a new dependent;
• Forbidding discrimination in enrollment and premiums against employees and their dependents based on health status;
• Ensuring availability of health insurance coverage for small employers and renewability of health insurance coverage in both the small and large group markets; and
• Maintaining, through preemption provisions, the States' conventional role in regulation of Health Insurance, including State flexibility to provide greater protections.

Health Insurance is defined as insurance against illness and other medical expenditures. It pays for all or part of ones medical expenditures. Types of health insurance available in Hawaii include group health plans, individual plans, workers compensation and government health plans such as Medicare. Health insurance in Hawaii can further be classified into two kinds, fee for service and managed care. Managed care plans can also be further sub divided into two kinds

• Health Maintenance Organization
• Preferred Provider Organization

Health Maintenance Organization is a pre-paid plan. It was started originally to meet the cost of preventive care (for example, regular medical check ups). Here the policy holder is required to choose a family physician from a list of doctors who would determine if the patient needed treatment from a specialist. Policy holders are required to pay a fixed monthly premium and in return they receive regular medical care.

Preferred Provider Organization or PPO is a plan that combines features of a Fee-for Service plan and an HMO. Here if the patient is treated by a doctor of the PPO network the patient will be reimbursed the whole amount of or most of the medical bill.

Here Is a list companies that provided Health Insurance in Hawaii:-

AAA Hawaii

1130 N Nimitz Hwy Rm A170

Honolulu, HI 96817

(808) 550-4650

Aflac

1132 Bishop St Ste 2101

Honolulu, HI 96813

(808) 521-3522

Aflac Benefits by Design

1136 Union Mall

Honolulu, HI 96813

(808) 526-4440

Allstate Insurance

1314 S King St Ste 752

Honolulu, HI 96814

(808) 593-8342

Allstate Insurance

1806 S King St Ste 32

Honolulu, HI 96826

(808) 941-2886

Aig Hawaii Insurance Company Inc

Honolulu, HI 96813

(808) 543-0487

American Mutual Group

1357 Kapiolani Blvd Ste 1000

Honolulu, HI 96814

(808) 522-8650

American Pacific Insurance Company

Honolulu, HI 96813

(808) 545-2454

First Hawaiian Bank

Honolulu, HI 96813

(808) 525-6280

First Hawaiian Insurance

Honolulu, HI 96813

(808) 643-4344

First Hawaiian Insurance Inc

999 Bishop St

Honolulu, HI 96813

(808) 525-6280

Guardian

Honolulu, HI 96813

(808) 553-8445