Hello PIBbers! I have recently run across a question in the Oregon Health insurance examination that asks about the limits that are available under the Oregon Medical Insurance Pool, or “OMIP.” This specific material is not yet included within your textbook or online materials, so I thought I would let you know (isn’t that nice)! It is going to be made part of the revised materials which will be online and in the printed versions shortly.
The OMIP plan is a plan for individuals that cannot obtain medical expense coverage through normal channels; the insured has been denied coverage due to their medical conditions, can’t get COBRA or portability coverage, or are eligible for a federal health coverage tax credit. Think “uninsurable” for the most part.
The lifetime limit for an individual under OMIP is $2,000,000! Remember this for the Oregon test!