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, which can offer free or low cost coverage for all who are eligible, is one of its many benefits.
The Affordable Healthcare Act (ACA), has a major impact on the state's citizens. 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. 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 includes plans with various levels of features. The Silver class can be used for minor health issues, while the Gold category can be used for more serious 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. The silver class will also have lower copayments and deductibles.
Individual market policies cover the largest portion of Idaho's population. To put this in perspective, the monthly average premium for an individual state health plan is $231. 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 created a number of new health insurance regulations. The ACA mandates that insurance companies offer coverage for preexisting conditions and all required 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. Open enrollment for the ACA begins in November. You will have a 60-day window during which you can change or switch to your current plan. This makes it easier for those who don't like their current coverage to make the switch.
Of course, the most important piece of news is that you can apply for Medicaid. The federally-funded program will provide basic dental and health services for low-income residents. These benefits include medical visits, immunizations as well as hospitalization. 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 can help you find the right plan for your needs. You can also enroll during special enrollment periods in the event that your coverage is lost.