Idaho has many choices when it comes health insurance. Blue Cross of Idaho, Regence Blue Shield Idaho Molina and PacificSource are just a few of the many carriers that Idaho has to offer. 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 Care Act (ACA) also has a large impact on the state's residents. You may be eligible for a premium credit that can reduce your monthly premium. An insurance broker can help you purchase an off market plan. It is important to fully understand the advantages of each option before making your final choice.
Idaho has three main metal classes or tiers of health insurance. There are plans of varying levels in each class. For example, the Silver class is for moderate health care needs, while the Gold class is for chronic illnesses. A Silver class plan will provide coverage for 70% of your medical bills, while a Golden class plan will provide coverage for 80 percent.
The bronze class, which covers up to 60 percent your medical costs, is the least expensive. Your monthly premium, however, will be greater than for the Gold class. The silver class will also have lower copayments and deductibles.
Idaho has the highest percentage of individuals who are insured by individual market policies. To put this into perspective, the average premium for an individual health plan in the state is $231 per month. It's a good deal when you compare it to the cost for a benchmark plan. However, it is not an excellent deal if your goal is to get a more comprehensive coverage.
The ACA also introduced new regulations regarding health insurance. Insurance companies must offer coverage for preexisting health conditions and provide all necessary health benefits. To pay for medical expenses, you can also use an HSA. Lastly, all insurance plans must comply with the ACA rules pertaining to coverage.
Idahoans now have the ability to shop for health insurance plans with the Affordable Health Act. The November open enrollment period for ACA starts. You'll have 60 days to switch or modify your current plan. This makes it easy for those who don’t like their current coverage make the switch.
The best news is that you are eligible to apply for Medicaid. This federally funded program offers basic health care and dental services to low income individuals. These benefits include hospitalization, doctor visits, and immunizations. Additionally, your children will be able receive their vaccinations.
You may be able to purchase individual health insurance depending on your budget and health. It all depends on what your needs are and where you live. Shopping around will help you to find the best plan. Also, remember that there are special enrollment periods available in case you lose your coverage.