Idaho has many choices when it comes health insurance. 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, 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. If you qualify for a premium tax credit, you may be able to reduce your monthly premium. Alternatively, you can purchase an off-market plan from an insurance broker. You should learn the pros and disadvantages of each option before you make a final choice.
Three classes or primary metals are the three types of Idaho's health insurance. Each class offers plans with different levels of features. For example, the Silver class is for moderate health care needs, while the Gold class is for chronic illnesses. A Silver-class plan will cover 70% of your medical costs while a gold plan will cover the remaining 80 percent.
The bronze level covers 60 percent of your medical bills and is the cheapest. Your monthly premium, however, will be greater than for the Gold class. Similarly, the silver class will have lower deductibles and 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. This is a great deal when compared to the price of a benchmark policy, but it's not an affordable option if you want a comprehensive policy.
The ACA has also brought new regulations to 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.
The Affordable Care Act allows Idaho residents to shop for new plans. 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 easy for those who don’t like their current coverage make the switch.
The most important news is that Medicaid can be applied for. This federally funded program will offer basic health and dental services for low-income persons. These benefits include doctor visits, immunizations, and hospitalization. Furthermore, you'll be able to get your children's vaccinations, too.
Depending on your health situation and budget, you may want to consider purchasing an individual health insurance plan. However, the best option for you depends on your health needs and where you live. You can find the best plan for you by shopping around. Keep in mind that special enrollment periods are available for those who lose their coverage.