Best Health Insurance Plans In Idaho

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Compare Health Insurance Plans in Idaho

Residents of the Gem State have plenty of options for health care. According to a study by US News, ID has the 18th best health insurance in the nation. That study accounts for access, quality, and overall public health.

Health Care Choices in Idaho

According to the Idaho Department of Insurance, residents have several health insurance options:

  1. Employer-provided
    1. From your employer
    2. Through your spouse's employer
    3. Through COBRA
  2. Individual or family plans
    1. Through Idaho’s health care marketplace
    2. Directly from a health insurance company
  3. Government-assisted
    1. Medicare
    2. Medicaid

Where do most Idaho residents get their health insurance coverage?

Idaho Health Insurance Sources
Sources Percent
Employer-Provided 48%
Individual or family 10%
Medicaid 17%
Medicare 14%
Other Public Care 2%
Uninsured 9%
Source: Kaiser Family Foundation, Health Insurance Coverage of the Total Population

Nine percent of ID residents are uninsured, the same as the national average. That’s good news for policyholders. More uninsured people leads to higher rates for insured people.

Idaho Health Insurance Costs and Rate Factors

ID residents spend an average of $6,927 per year on health care, less than the average American. So, what influences your health care prices in Idaho? Prices vary person to person, but are based primarily on these factors:

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Body Mass Index

According to the CDC, a high body mass can lead to several serious health conditions. That’s why insurance companies will analyze your BMI to determine your risk-level. A higher BMI means higher monthly premiums.

In 2016, ID had a 29.3 percent obesity rate, the 32nd highest rate in the country. Out of the many Idaho residents who used QuoteWizard to compare health insurance plans, 31 percent have a BMI in the obese range.

Tobacco Use

Due to the substantial risks from smoking, tobacco users pay more for health insurance. About 14.5 percent of ID residents are smokers, the 12th lowest rate in the country.

Age

According to HealthCare.gov, companies charge older people up to three times more for health care than younger people. State residents who used QuoteWizard to shop for health insurance are, on average, 39 years old.

Plan Type

The more coverage you want, the more you’ll have to pay. Marketplace plans come in metal tiers: bronze, silver, gold, and platinum.

So, how much should you expect to pay in the Gem State? These are the average prices for each plan type for a middle-aged ID resident in 2018:

Idaho Martketplace Plan Rates
Bronze Silver Gold
$296 $469 $479
Source: Kaiser Family Foundation, Change in Average Marketplace Premiums by Metal Tier

Premiums for a gold plan cost about 62 percent more than a bronze plan. That comes as no surprise considering gold plans cover 80 percent of medical costs, whereas bronze plans cover 60 percent.

You may qualify for a catastrophic plan, the lowest level of coverage available in your state. Catastrophic plans have low monthly premiums but a yearly deductible of $7,150. These plans essentially exist to prevent medical bankruptcy. They’re not designed to cover preventative, every day care. Because of that deductible, it may save you money to invest in a bronze or silver plan.

Location

Where you live plays a large role in how much you’ll pay. That’s because every state has different health care laws, regulations, and providers.

Insurance companies also use community-rating to determine your costs. So, rates are based in part on the combined claims that everyone files. If your state files a high number of claims, your prices could reflect that.

That means your state’s overall health-consciousness your state is also plays a role. According to America’s Health Rankings, ID is the 14th healthiest state in the country. That’s a good sign for policyholders.

Idaho Health Insurance Companies

ID residents have plenty of options when it comes to health insurance providers in their state. These health insurance companies offer both individual and family plans in ID:

Idaho Health Insurance Laws

The Affordable Care Act limits health insurance companies from considering certain factors while pricing your policy.

There’s a limit to how much you’ll pay out-of-pocket for marketplace plans. In 2018, the out-of-pocket maximum is $7,350 for an individual plan and $14,700 for a family plan.

Idaho state law requires insurance companies to offer at least some coverage for the following services:

  • Maternity minimum stay
  • Mammography coverage
  • Breast reconstruction
  • Cleft lip and palate

You can find the entire list on cms.gov.

Medicare and Medicaid in Idaho

Medicare and Medicaid are both government-funded health care programs. Medicare covers for seniors, while Medicaid covers low-income families and children.

Medicare

Idaho resident 65 and older qualify for Medicare. There are several coverage options, including parts A, B, C, D, and supplemental coverage plans. You may also qualify for a Medicare Savings Program:

Qualified Medicare Beneficiary (QMB):

  • Single person with a monthly income less than $1,032.
  • Couple with a monthly income less than $1,392.

Specified Low-Income Medicare Beneficiary (SLMB):

  • Single person with a monthly income less than $1,234.
  • Couple with a monthly income less than $1,666.

Qualified Individual (QI):

  • Single person with a monthly income less than $1,386.
  • Couple with a monthly income less than $1,872.

Medicaid

Medicaid offers coverage to low-income families and children. These are the state’s Medicaid financial requirements:

Idaho Medicaid Financial Requirements
Household Size Maximum Yearly Income
1 $16,040
2 $21,599
3 $27,159
4 $32,718
5 $38,277
6 $43,837
7 $49,396
8 $54,956

Idaho Department of Insurance

Website:
Homepage
Insurance Commissioner:
Dean L. Cameron
Insurance Hotline:
(800) 721 – 3272
Office Hours:
Monday - Friday
8:00 am to 5:00 pm
File a Consumer Insurance Complaint
Complaint Page

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