When it comes to health insurance, Idaho offers its residents a number of options. Blue Cross Idaho, Regence Blue Shield Idaho Molina, PacificSource and PacificSource are some of the carriers available. Idaho offers Medicaid, a federally-funded program for people with low incomes. Medicaid is a program that provides low-cost or free coverage for people who meet the requirements.
The Affordable Care Law (ACA) has a huge impact on the state's residents. You might be able reduce your monthly payment if the premium tax credit is available to you. An insurance broker can help you purchase an off market plan. Be sure to research the pros and cons of each option before you make your final decision.
In Idaho, there are three main metal tiers (or classes) of health insurance. Each class comes with a variety of features. For example, the Silver class is for moderate health care needs, while the Gold class is for chronic illnesses. A Silver plan will cover 70 percent, while a G class plan will protect 80 percent.
The bronze category is the most expensive, covering up to 60% of your medical costs. However, your monthly premium will be higher than the gold class. Similar to the gold class, silver will have lower deductibles or copayments.
In fact, the largest percentage of Idaho's population is covered by individual market policies. To put this into perspective, the average premium for an individual health plan in the state is $231 per month. Although this is a better deal than the benchmark plan's cost, it's still not cheap if you need a more comprehensive policy.
The ACA created a variety of new regulations for health insurance. The ACA requires all insurance companies to provide coverage for preexisting conditions. They also have to provide all necessary benefits. An HSA (health savings account), can be used to cover eligible medical expenses. All insurance plans must adhere to the ACA rules regarding coverage.
The Affordable Care Act allows Idaho residents to shop for new plans. Open enrollment for the ACA begins in November. You'll have 60 days to switch or modify your current plan. This makes it easier for those who don't like their current coverage to make the switch.
You can apply for Medicaid, which is the best piece of good news. The federally funded program provides basic health care and dental services to low-income people. These benefits include doctor visits, immunizations, and hospitalization. You can also get the vaccinations for your children.
You might consider buying individual health insurance, depending on how your budget works and your health. It all depends on what your needs are and where you live. Shop around to find the best plan. Remember that you can enroll in special periods if your coverage is canceled.