Thursday, September 5, 2013

Idaho Press-Tribune: More details emerge about Your Health Idaho

Posted By on Thu, Sep 5, 2013 at 12:00 PM

The Idaho Press-Tribune reports this morning that when the state’s health insurance marketplace goes live on Oct. 1, Idahoans will be able to choose from 161 health insurance plans offered by eight Idaho insurance companies.

According to the Associated Press, the price for a 21-year-old buying a mid-range policy will run about $270 a month. That same plan for a 40-year-old will cost about $330 and for a 60-year-old, it’s almost double that at $615 per month. That’s before government tax credits come in—a discount for most people—bringing the cost down based on income.

Health and Human Services spokeswoman Joanne Peters said the marketplace gives consumers cheaper options than what’s available today.

“We’re consistently seeing that premiums will be lower than expected,” she said. “For the many people that qualify for a tax credit, the cost will be even lower.”

Open enrollment for coverage on Idaho’s new exchange begins January 2014. Then residents can choose from 76 individual health plans, 55 small group plans for small businesses, 13 individual dental plans and 17 small group dental plans.

Plans will be grouped into categories to make shopping easier. The four “metal levels” are determined by the health care expenses each plan covers. Bronze plans cover 60 percent, silver 70 percent, gold 80 and platinum 90 percent.

The Idaho Department of Insurance has reviewed all plans available through Your Health Idaho, ensuring they offer a standardized package of coverage and services known as essential health benefits. Those include hospitalization, emergency services, prescription drugs and maternity care.

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