Health Insurance

Best Cheap Health Insurance in Idaho 2020

Best Cheap Health Insurance in Idaho 2020

Find Cheap Health Insurance Quotes in Idaho

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You can purchase cheap health insurance in Idaho through the Your Health Idaho health insurance marketplace or acquire coverage by applying to Medicaid.

Select a plan tier to learn more:

After comparing policies offered in the five largest counties in the state, we found that the IDID Southwest Silver 60 offered by Blue Cross of Idaho was the cheapest Silver metal tier health plan available in Idaho. Although this is the most affordable Silver policy in terms of monthly premiums, it may not be offered in your county, as some health insurance companies do not offer plans in every region of the state.

Cheapest health insurance coverage by metal tier

We compared health insurance plans from the Idaho marketplace to find the lowest-cost options at each metal tier. The table below shows the cheapest individual health insurance plans for each metal tier along with the monthly cost for a 40-year-old, deductible and out-of-pocket maximum. These policies should be used to gauge what is affordable based on your financial situation.

If you do not currently have health insurance through your employer or are not enrolled in a federal health insurance plan, then you can purchase coverage through the state exchange. For example, if you own a business and are self-employed, then you could find health coverage on the marketplace.

Metal tierCheapest planDeductibleMaximum out-of-pocketMonthly cost for a 40-year-old
BronzeSelectHealth Bronze 6200$6,200$7,900$314
SilverIDID Southwest Silver 60$6,000$8,150$498
GoldIDID Southwest Gold 2000$1,750$5,500$535
Sample rates are from the largest five counties in Idaho.

As you can see, health insurance in Idaho is broken down into three different metal tiers: Bronze, Silver and Gold. All metal tiers cover the essential health benefits but differ in the amount that you would spend for that care. The Bronze tier has the cheapest premiums but the highest deductibles and out-of-pocket maximums, meaning you would have to spend a lot on medical expenses before most benefits would begin. On the other hand, Silver and Gold plans have more expensive premiums but lower deductibles.

The most influential pricing factor that insurers consider when determining health insurance rates is age. The graph below shows the average cost of health insurance for different age groups at each metal tier of coverage. As you can see, the cost of health insurance is higher for older applicants.

For example, for a Silver-level policy, a 40-year-old would pay $580 on average, which is 28% or $127 more per month than what a 21-year-old would pay for the same policy in Idaho. If you are older than 60, then you will find that your premiums have an even larger bump in price for the same metal tier of health insurance coverage — 60-year-olds pay 111% or $653 more per month than 40-year-olds for a Silver plan.

Average Cost of Health Insurance ID

Finding the best health insurance in Idaho

The best health insurance for you will depend on the availability of plans in your area as well as your health and financial situation. Expanded Medicaid is available in Idaho, which means that anyone with a household income of less than 138% of the federal poverty level would be able to apply for the program. However, Idaho has enacted an additional work requirement that only allows working individuals to be eligible for Medicaid.

When evaluating health plans, you should begin by comparing the premiums and out-of-pocket maximums of policies to determine what is affordable for your situation. Typically, if you expect to have moderate to high medical expenses throughout the year, then you should purchase an upper-tier policy with a smaller deductible but more expensive premiums.

Gold: Best if you have high expected medical costs

Gold metal tier policies are the most expensive health insurance plans in Idaho in terms of monthly premiums. However, these plans can be cost-effective if you have a lot of medical costs due to the lower deductibles and out-of-pocket maximums. For example, if you needed to have a prescription filled monthly for an expensive drug, then you would reach the low deductible level quickly and then begin coinsurance or copays with your insurance provider.

The cheapest Gold plan in Idaho is IDID Southwest Gold 2000. Compare all tiers in Texas above.

Silver: Best for affordable premiums and average deductibles

We would recommend Silver plans in most situations since these health insurance policies have modest premiums, deductibles and out-of-pocket maximums.

All health insurance policies except Catastrophic plans offer premium tax credits, but Silver policies in Idaho are also eligible for cost-sharing reductions if your household income falls below 250% of the federal poverty level. This benefit lowers the amount that you pay in premiums, deductibles and out-of-pocket maximums. For this reason, Silver plans can be the most cost-effective tier of health insurance policy if you are eligible for the cost-sharing reductions.

The cheapest Silver plan in Idaho is IDID Southwest Silver 60. Compare all tiers in Texas above.

Bronze: Best for low-income and healthy applicants

The cheapest tier on the health insurance marketplace in Idaho is Bronze. This policy tier has low monthly premiums but also high deductibles and out-of-pocket maximums. This means that you would need to spend a lot on medical expenses out-of-pocket before you would gain access to coinsurance. For this reason, you should only consider this plan if you are healthy and don't expect to have any costly health care expenses.

The cheapest Bronze plan in Idaho is SelectHealth Bronze 6200. Compare all tiers in Texas above.

Short-term health insurance in Idaho

Idaho short-term health insurance is available for purchase through insurers outside of the state insurance marketplace. The state allows for these types of policies to have term lengths of up to one year but does not permit the plan to be renewed after the initial term. Short-term health insurance plans in Idaho, similar to those in every state, are not required to provide the same level of coverage as marketplace health insurance policies. Therefore, they may not cover the essential health benefits, and you may not receive coverage for the treatment of preexisting conditions.

Find Cheap Health Insurance Quotes in Your Area

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Health insurance companies in Idaho

In Idaho, there are currently four companies that provide health insurance on the state exchange:

  • Blue Cross of Idaho
  • Mountain Health CO-OP
  • SelectHealth
  • PacificSource Health Plans

As we mentioned before, Blue Cross of Idaho offers the IDID Southwest Silver 60, which is the cheapest Silver health insurance policy available. However, you should explore policies from other companies even if they have more expensive premiums, as those providers could offer exclusive benefits to their policyholders. This can include extras like gym membership discounts or rewards for participating in healthy activities.

Cheapest Silver plan by county

Along with your age, the county that you live in could affect your health insurance premiums. Furthermore, some companies may not offer any policies in your area. For example, Blue Cross of Idaho is available in all of Idaho's five largest counties, but SelectHealth can only be found in Ada, Canyon, Kootenai and Bonneville out of the five largest counties. For this reason, we recommend you check and compare prices for health insurance and then choose a company that works best for you.

CountyCheapest Silver planAge 40Couple, age 40
BannockPQA Southeast Silver Con$569$1,138
BinghamMVN East Silver Connect$537$1,075
PowerMVN East Silver Connect$537$1,075
ButteAccess Care Silver Option$551$1,102
CaribouMVN East Silver Connect$537$1,075
Bear LakeMVN East Silver Connect$537$1,075
FranklinMVN East Silver Connect$537$1,075
LemhiAccess Care Silver Optio$551$1,102
OneidaMVN East Silver Connect$537$1,075
BonnevilleAccess Care Silver Optio$551$1,102
Twin FallsSelectHealth Silver 3000$526$1,052
CassiaSelectHealth Silver 3000$526$1,052
BlaineSelectHealth Silver 3000$526$1,052
GoodingSelectHealth Silver 3000$526$1,052
CamasSelectHealth Silver 3000$526$1,052
LincolnSelectHealth Silver 3000$526$1,052
JeromeSelectHealth Silver 3000$526$1,052
MinidokaSelectHealth Silver 3000$526$1,052
FremontAccess Care Silver Option$551$1,102
TetonAccess Care Silver Option$551$1,102
ClarkAccess Care Silver Option$551$1,102
JeffersonAccess Care Silver Option$551$1,102
MadisonAccess Care Silver Option$551$1,102
Nez PerceCPN North Central Silver$518$1,035
ClearwaterCPN North Central Silver$518$1,035
IdahoCPN North Central Silver$518$1,035
LewisCPN North Central Silver$518$1,035
LatahCPN North Central Silver$518$1,035
ElmoreIDID Southwest Silver 60$498$995
BoiseIDID Southwest Silver 60$498$995
OwyheeIDID Southwest Silver 60$498$995
CanyonIDID Southwest Silver 60$498$995
WashingtonIDID Southwest Silver 60$498$995
ValleySelectHealth Silver 3000$503$1,006
AdamsSelectHealth Silver 3000$503$1,006
AdaIDID Southwest Silver 60$498$995
GemIDID Southwest Silver 60$498$995
PayetteIDID Southwest Silver 60$498$995
KootenaiKCN North Silver 6000$504$1,008
ShoshoneCPN North Central Silver$481$962
BonnerKCN North Silver 6000$504$1,008
BoundaryKCN North Silver 6000$504$1,008
BenewahCPN North Central Silver$481$962
Sterling Price

Sterling Price is a research analyst at ValuePenguin specializing in health and life insurance. He graduated from Syracuse University with a bachelors degree in Finance and Accounting and has previous experience as a licensed life insurance representative.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.