The annual open enrollment periods for the Medicare program, as well as for those seeking private health insurance through the Idaho state exchange are underway.
The Medicare enrollment period runs through Dec. 7, while enrollment for health insurance through Your Health Idaho is open through Dec. 15.
Idaho Department of Insurance Director Dean Cameron says Medicare can be confusing and changing circumstances also make it important for Idaho seniors to take time during open enrollment to review their plan and make sure it still meets their needs.
He strongly encourages consumers to work with a licensed local insurance agent or senior health insurance benefits adviser to review plan options. Advisers are available to answer Medicare-related questions by calling toll free (800) 247-4422.
Open enrollment through Your Health Idaho, the state’s private health insurance exchange, is also underway.
Federal tax credits are only available on health plans purchased through the state-run exchange. They act as an instant discount, and can significantly lower the monthly insurance premiums.
More than 85% of Your Health Idaho enrollees qualify for some type of tax credit, and about a third end up paying nothing for their monthly premium.
The open enrollment period ends Dec. 15, with coverage beginning Jan. 1.
For Idahoans who are unsure about how to enroll or how to determine if they qualify for a tax credit, Your Health Idaho recommends working with an insurance agent or broker.
