Idaho residents can buy health insurance policies through a state exchange by December 15 – Idaho Capital Sun

Idaho residents can now purchase health and dental insurance through Idaho’s health care exchange, Your Health Idaho, for policies in 2024.

Your Health Idaho, which offers tax credits to Idahoans based on their income, began open enrollment last week, October 15. Registrations will remain open until December 15 at midnight.

Outside of the once-a-year open enrollment period, people who experience what insurers call a qualifying life event such as losing your insurance, moving, having a baby or getting married can subscribe to insurance policies on the stock exchange.

The release says Idahoans can find out in just minutes how much their tax credits are, which could cover part or all of their monthly health insurance premiums, Your Health Idaho said in a news release from press last week. Applying for a tax credit and health insurance is the same way applicationindicates the press release.

While prices for almost everything seem to be trending upward, Idahoans will see their health insurance decrease in 2024. We hope that all Idahoans who need coverage but don’t think they can afford allow it will take a moment to see what Your Health Idaho has to offer; they will be surprised at how affordable health insurance can be, Pat Kelly, executive director of Your Health Idaho, said in the release.

More than 88% of people enrolled in plans through Your Health Idaho receive a tax credit, and about one in four people receive premium-free monthly insurance, the exchange said in the news release. The exchange says many Idahoans are eligible for cost-sharing discounts, available only on Silver plans, which offer additional savings on co-pays, deductibles and out-of-pocket maximums.

Most counties have six to eight insurance companies to choose from, with at least four insurance companies each, the release said. Through Your Health Idaho, Idahoans can access 154 medical plans and 21 dental plans, the release states.

Idahoans who are unsure about registering or whether they qualify for a tax credit should work for free with agents or brokers, Your Health Idaho recommended in the release. The Insurance Exchange Finder allows users to search for brokers and agents by location and languages ​​spoken.

Enrollment in Your Health Idaho insurance plans is open to individuals who primarily reside in Idaho and must be considered a resident of the United States and Idaho for tax purposes, according to the exchanges. website. Incarcerated people are not eligible. Potential enrollees must be U.S. citizens or nationals, or non-citizens who are legally in the United States for the entire period of time they plan to receive health coverage, the exchange’s website states.

Idahoans with unaffordable job-funded insurance can also sign up for Your Health Idaho, the news release said. Agents can help determine if employer-sponsored coverage is considered unaffordable, the news release states.

Insurance coverage for people who select plans during open enrollment begins Jan. 1, 2024. Idahoans enrolled in insurance through Your Health Idaho are automatically renewed, the release said.