Oklahoma Medicare PlansMedicare Supplement (Medigap) Policies
Oklahoma requires insurers to offer at least one Medicare Supplement policy to adults under sixty-five.
Mini-COBRA Policies (small group)
Laid-off Oklahoma employees remain eligible for their employer's health benefits . Longer periods of extension (3 to 6 months) are available for those undergoing treatment or are pregnant at termination of coverage. HMOs are required to extend coverage through pregnancy or ongoing inpatient treatment.
Medicare Savings Programs
Oklahoma has three Medicare Savings Programs:
- Qualified Medicare Beneficiaries (QMBs): For individuals with a monthly income under $993 and for couples with a monthly income under $1331, the state pays all premiums for Part B and all Co-Pays and Deductibles for Parts A & B
- Specified Low-Income Medicare Beneficiaries (SLMBs): For individuals with income under $1187 or couples with income under $1593, the state pays premiums for Part B.
- Qualified Individuals (QIs): For individuals with income under $1333 or for couples with an income under $1790, the state pays premiums for Part B.
State Health Insurance Assistance Program
The Senior Health Insurance Benefits Assistance program (SHIBA) is a statewide network of trained volunteers who educate, assist, and serve as advocates for people with Medicare. SHIBA provides trained volunteers to help people with Medicare understand their rights and options in health insurance.
State Tax Credit for Health Insurance
Oklahoma offers a two-year, nonrefundable credit for small employers that that (a) have done business in the state for at least one year; (b) have not, within the 15 preceding months of offering to purchase the state-certified plan, provided group health insurance to at least 75% of its employees who are residents of the state and work an average of 24 hours or more a week for the employer; (c) offer the state-certified basic health benefits plan to all eligible employees; and (d) pay 50% or more of the full cost of the premium attributable to the employee for which the credit is claimed. An eligible employee is an employee, proprietor, or partner of the employer claiming the credit who (a) is a state resident, (b) works an average of 24 hours a week or more for the employer, and (c) was not covered by a group health insurance policy or plan offered by the same employer within the 15 months preceding the offer to purchase a state-certified basic health benefits plan. Credit amounts to $15/onth per eligible employee