“While other states have seen dramatic reductions in carriers participating on their health insurance exchanges, the good news for Idaho is that we continue to have robust choice Idaho,” said Idaho Department of Insurance Director Dean Cameron.
As an independent agency, AMERICAN INSURANCE can write coverage through several companies, allowing us to quote competitors to give our clients the best rates – no matter whether they use an individual or group coverage option.
“Our Certified Health Agents can review options for deductible amounts, premiums and tax subsidies each company with our clients,” said John B. Sullivan, AMERICAN INSURANCE President.“Whether a business owner needs a group health policy for many employees, or a single parent needs coverage for a family, or a single adult needs a policy to avoid federal penalties, we can get that coverage for you.”
Carriers propose rates based on claims experience, premiums, network provider agreements, administrative and other costs.
After review of the proposed rates and justifications, most carriers agreed to reduce their revised request. The Idaho Department of Insurance could not find the final rate increases to be unreasonable.
“These network size reductions are the best way the industry has found to reduce costs on our insureds, which is unfortunate but also a better alternative to continuous and even higher price increases,” Sullivan concluded.
Washington and Idaho residents are invited to contact our Exchange Certified Health Agents, Dave Root or Tim Gleason, online hereor by calling 208-746-9646 to discuss your health care options at any time.
The content of FAQ articles are general in nature and are not intended as a substitute for professional legal, financial, or insurance counsel for individuals. Insurance coverage forms vary by issuing company and by state. For specific advice contact us.
American Insurance is an independent insurance agency with offices in Lewiston and Moscow, Idaho.