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 also provides Medicaid, a federally supported program for individuals with low income. Medicaid provides free or reduced-cost coverage for eligible individuals.
The Affordable Healthcare Act (ACA), has a major impact on the state's citizens. You might be able reduce your monthly payment if the premium tax credit is available to you. A broker can also help you buy an off-market policy. 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 includes plans with various levels of features. The Silver class is designed for those with moderate to severe health conditions, and the Gold class for those with chronic diseases. A Silver plan will cover 70 percent, while a G class plan will protect 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.
The largest proportion of Idaho's residents are covered by individual market policies. This is because the state's average monthly premium for an individual plan is $231. 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 also introduced new regulations regarding health insurance. Insurance companies must offer coverage for preexisting health conditions and provide all necessary health benefits. A HSA (health savings accounts) is also available to help pay for qualified 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. The November open enrollment period is for the ACA. You have 60 days to cancel or change your existing plan. This makes it easy for those who don’t like their current coverage make the switch.
Of course, the most important thing to know is that you can apply Medicaid. This federally funded program offers basic health care and dental services to low income individuals. These benefits include medical visits, immunizations as well as 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. Your health situation and whereabouts will determine which plan is best for you. Shop around to find the best plan. You can also enroll during special enrollment periods in the event that your coverage is lost.