Idaho residents have the opportunity to enroll in health and dental insurance plans through Your Health Idaho, the state’s insurance exchange that offers tax credits based on income. Open enrollment for Your Health Idaho began on October 15th and will continue until midnight on December 16th. During this period, individuals can either enroll in new insurance plans or make changes to their existing coverage.
For those who enroll during the open enrollment period, coverage will begin on January 1st, 2025. Existing Your Health Idaho enrollees will be automatically renewed for the upcoming year. Outside of the open enrollment period, individuals can only enroll in insurance plans if they experience a qualifying life event, such as losing coverage, moving, having a baby, or getting married.
Your Health Idaho has made the enrollment process easier than ever with customer experience improvements and self-service tools. By visiting the Your Health Idaho website, individuals can complete one application to apply for insurance and receive an estimated tax credit. This tax credit has the potential to reduce or even eliminate monthly premiums, making insurance more affordable for many Idahoans.
Additionally, Your Health Idaho offers a tool to determine the affordability of employer-sponsored health insurance for both employees and their families. Approximately nine out of ten Your Health Idaho enrollees receive a tax credit, and cost-sharing reductions are available on silver plans to lower out-of-pocket costs for healthcare services.
Pat Kelly, Executive Director of Your Health Idaho, emphasized the importance of working with certified agents or brokers to navigate the insurance selection process. These professionals can help individuals choose the best plan for their needs and maximize potential savings. Certified agents and brokers are available across Idaho at no cost to consumers, providing assistance with applications and answering any questions that may arise.
Your Health Idaho partners with 13 insurance carriers to offer a wide range of medical and dental plans. With 149 medical plans and 24 dental plans available, individuals have a variety of options to choose from. Each county in Idaho has at least four insurance carriers participating in Your Health Idaho, ensuring that residents have access to a diverse selection of plans.
As the cost of medical treatments continues to rise, tax credits provided by Your Health Idaho are designed to alleviate the financial burden on consumers. By exploring the available options and utilizing the resources provided by Your Health Idaho, Idahoans can find affordable insurance coverage that meets their needs.