When it comes to health insurance, Idaho offers its residents a number of options. Numerous carriers are available in the state, including Blue Cross Idaho, Regence Blue Shield Idaho Molina, PacificSource, and Regence Blue Shield Idaho. Idaho also provides Medicaid, a federally supported program for individuals with low income. Among its many benefits, Medicaid can provide free or low-cost coverage for those who qualify.
The Affordable Care Act (ACA) also has a large impact on the state's residents. If you qualify for a premium tax credit, you may be able to reduce your monthly premium. An insurance broker can help you purchase an off market plan. You should learn the pros and disadvantages of each option before you make a final choice.
There are three primary metal tiers, or classes, of health insurance in Idaho. Each class has plans with different features. For example, the Silver plan is for moderate needs and the Gold for chronic conditions. A Silver class plan will cover 70 percent of your medical costs, while a Gold class plan will cover 80 percent.
The bronze level covers 60 percent of your medical bills and is the cheapest. The monthly premium for the bronze class will be lower than that for the gold. In the same way, the silver classes will have lower copayments as well as deductibles.
In fact, the largest percentage of Idaho's population is covered by individual market policies. For an example, the average cost of an individual health insurance policy in Idaho is $231 per year. While it is a good price compared with a standard plan, it isn't a great deal if the policy you are looking for is more comprehensive.
The ACA also established a number new rules for insurance. The ACA mandates that insurance companies offer coverage for preexisting conditions and all required health benefits. A HSA (health savings accounts) is also available to help pay for qualified medical expenses. Finally, all insurance plans must follow the ACA rules pertaining coverage.
Idahoans now have the ability to shop for health insurance plans with the Affordable Health Act. The open enrollment period for the ACA is in November. You have 60 days to cancel or change your existing plan. This allows people who aren't satisfied with their current coverage, to make the switch.
The best news is that you are eligible to apply for Medicaid. The federally-funded program will provide basic dental and health services for low-income residents. These benefits include visits to the doctor, immunizations, hospitalization, and more. Additionally, your children will be able receive their vaccinations.
You might want to look into individual health insurance plans depending on your finances and health. The best plan for you will depend on your personal health and whereabouts. Shopping around is a great way to find the best plan. In the unlikely event you lose your coverage, there are special enrollment periods.