What are the Best Health Insurance Options in Idaho
If you are a resident of the state of Idaho, it can be a bit of a daunting task to shop for your health insurance coverage. Luckily though, there are various choices available to the residents of Idaho who are either underinsured or are completely uninsured. Irrespective of whether you are in good health or not, this article aims to offer you useful and relevant details to purchase a good health insurance policy.
Did you know that Idaho is the sole state in the United States of America that created its health insurance exchange run by the state called “Your Health Idaho?” However, the state also dismisses Medicaid expansion. It appears that the model has clicked for the state and Idaho is close to the top of the enrollment for per-capita exchange.
As mentioned before, there are some major insurance players in the state. So its inhabitants have a wide range of health insurance plans to opt for. Plus, it is not always easy to find the appropriate match for their requirements.
In 2019, five insurance companies are offering their health coverage through Your Health Idaho. These are as follows:
- Mountain Health CO-OP
- Blue Cross of Idaho
- Select Health
- Regence BlueShield
The exchange of Idaho had health plans from 4 insurance carriers in 2018. The approved rate increases on an average for individual plans in 2018 to 31 percent from 26 percent.
Idaho’s Medicaid expansion
The key goal of the state’s Medicaid program is to offer basic health insurance to residents in the low-income category at minimal or zero cost. Medicaid has a diverse set of programs that are made available to distinct groups of its residents. For example, there are programs for pregnant women, kids below 19-year-old, as well as, their families, the disabled and visually impaired, women detected with cervical or breast pre-cancer/cancer, people who are 65-year-old or more, and so on. Each Medicaid program has associated income needs apart from other criteria for eligibility. Benefits differ by the coverage level an individual is eligible for.
Idaho’s short-term health coverage
The regulations in Idaho are not restricted to the initial period of short-term coverage. Hence new short-term regulations of the federal system are applicable in Idaho. It signifies that insurance companies can offer short-term health plans whose initial terms have a maximum limit of 364 days.
When should a resident of Idaho op for private health coverage?
- The employer of the resident does not provide a group coverage
- He/she is self-employed
- Enrolled in health policy but has to pay very high premiums
- Enrolled in certain health policy but need to change the associated benefits
- Enrolled in a certain group policy which does not provide coverage for spouses or their dependents
Locate reasonably priced medical insurance
When both the spouses or domestic partners residing in Idaho exploring the option of buying new health coverage, it is recommended to search for health insurance quotes together, as well as, individually and chose a policy, which is most reasonably priced.
Based on the health insurer, health insurance rates of a couple for both family and individual may be based on the youngest person’s age on the policy document. When a couple has an age difference of many years between them, they can save money by not applying for individual plans and going for the same coverage. On the other hand, if the age difference of a couple is less, their total insurance expenses can be brought down if they apply for separate and individual health insurance policies.