Starting January 2014, federal law will require most Americans 18 years or older to have health insurance or pay a penalty fee. Many Idahoans already have health insurance provided through their job or receive Medicaid or Medicare benefits. For everyone else, you will be required to buy a plan for yourself. Your Health Idaho, Idaho’s official health insurance marketplace, wants to help remove the complication out of selecting the plan that’s right for you and your family. Download and print this helpful worksheet in order to track your progress at each step.
Step 1: Review Plans & Prices
With more than 61 individual and family plans available, you can easily shop for the one that fits your needs. Each plan is grouped into four tiers based on the percentage of healthcare expenses that plan will cover. As your coverage increases, so does your monthly premium, but your costs are lower when you receive medical care. You can also elect to pay a higher monthly premium so that when you use medical services you pay less. No matter which plan you choose, you’ll get the same set of essential health benefits like free preventive care, and coverage for prescription drugs, emergency care, hospitalization, doctor’s visits and many other healthcare services. Many plans may offer even more coverage. Download the Health Insurance Plan & Rate Information Booklet and the Dental Insurance Plan & Rate Information Booklet to learn more. You’ll be able to see exactly what each plan offers when you compare them in the Marketplace at Healthcare.gov. Review plans & prices now.
Step 2: Estimate Savings
Based on the number and age of your dependents, your county of residence and your household income, you could be eligible for premium assistance. Use the Premium Assistance Estimator to find out your potential savings through an Advanced Premium Tax Credit. Estimate savings now.
Step 3: Learn About Special Enrollment
Open enrollment for 2014 is over. If you qualify for a special enrollment period you can apply now and enroll in coverage. You must finish your enrollment by April 15 to get coverage for 2014. If you enroll by April 15, your coverage will begin May 1.