Idaho residents have a variety of choices when it is comes to health insurance. Blue Cross Idaho, Regence Blue Shield Idaho Molina, PacificSource and PacificSource are some of the carriers available. Idaho also offers Medicaid, which is a federally funded program that provides low-income individuals with health care. Medicaid is a program that provides low-cost or free coverage for people who meet the requirements.
The Affordable Care Act (ACA) also has a large impact on the state's residents. A premium tax credit may allow you to lower your monthly premium if you meet certain criteria. Another option is to purchase an offmarket plan from an agent. It is important to fully understand the advantages of each option before making your final choice.
Three primary metal tiers or classes are available for Idaho health insurance. There are plans of varying levels in each class. For example, the Silver plan is for moderate needs and the Gold for chronic conditions. 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 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. Similar to the gold class, silver will have lower deductibles or copayments.
Idaho's largest population is actually covered by individual-market policies. For an example, the average cost of an individual health insurance policy in Idaho is $231 per year. While it is a good price compared with a standard plan, it isn't a great deal if the policy you are looking for is more comprehensive.
The ACA has also brought new regulations to 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 be compliant with the ACA rules pertaining a 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 a period of 60 days in which to cancel your current plan or switch it. 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. 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 might want to look into individual health insurance plans depending on your finances and health. But, your individual health needs and whereabouts are important factors in deciding which option is right for you. Shopping around will help you to find the best plan. Remember that you can enroll in special periods if your coverage is canceled.