Many Wyoming residents face a challenging task when looking for a health care plan for themselves and their families. There is only one carrier on the official exchange, so there isn’t a lot of options for Wyoming health insurance coverage.
Premiums can be costly, as Wyoming has the smallest population among all US states. It does offer Medicaid programs, but it does not have the expanded the coverage to include more residents of the state. It also has one of the higher uninsured rates in the country.
If you’re baffled by the complicated details concerning health insurance, we strongly recommend that you get in touch with us here at HealthQuoteInfo. We can help guide you through various options so that your needs are met with a proper health insurance plan that’s within your budget.
Picking a Plan from the Private Marketplace
You can use the Wyoming exchange at HealthCare.gov to find a health insurance plan. Blue Cross Blue Shield of Wyoming is the only carrier that offers plans on the official exchange, but you do have several plans to choose from.
These plans can be expensive at first, but you may qualify for subsidies that can reduce the cost considerably. This is especially true for bronze plans, as the cost after subsidies can be extremely low. In some cases, it’s a free plan.
There may also be plans available off the exchange, and they are still ACA compliant, so they have all the essential health benefits mandated by the ACA. To find the plans that are available for the county you live in, you can just use our search bar. Entering your zip code gives you a list of plans that you can review and compare with one another to determine the most suitable for your family.
Employer-Sponsored & Small Business Health Insurance Wyoming
Large firms with more than 50 fulltime employees are required to offer health plans to their employees. The benefit for employees is that employers pay a large fraction of the premium costs, which greatly reduces the costs for them.
Employers face a tax penalty if they fail to offer health benefits, but several companies comply with this requirement because it offers several advantages for employers as well. The availability of health plans can attract more qualified job applicants, and it can raise the work productivity and morale of the company workforce.
Small businesses are not required to offer these plans. While they are offered tax credits if they do so, many small businesses find the cost far too prohibitive. However, the Wyoming Department of Labor has recently passed a final rule that can allow small businesses to join together to create Association Health Plans or Small Business Health Plans.
Small businesses make up about 95% of all employers in Wyoming. If the recent developments allow for small businesses to reduce their costs of providing insurance, an estimated 400,000 residents of Wyoming who were previously uninsured can finally obtain insurance.
Medicare, Medicaid & Low Income Health Insurance Wyoming
Medicare is a kind of public health insurance, and you’re qualified to receive its benefits if you’ve opted in – while you’re still employed. It benefits the elderly (over the age of 65), though it can also provide benefits for the disabled. Medicare Part A covers hospital visits, Part B pays for doctor visits, while Part D helps cover the cost of prescription medication.
Medicaid is a federal program that’s run by the state. Your eligibility is basically determined by your specific needs and circumstances, and also by your income. Your income must be within certain specified parameters for you to be eligible.
Children’s Medicaid and CHIP
It is crucial that children get the coverage they need and those whose family income is within certain income ceilings can qualify for CHIP and Medicaid.
Children under the age of six can be eligible if their family income does not exceed 154% of the federal poverty level. For a family of four, that’s a monthly income of no more than $3,222. Children from ages six to 18 can qualify if their family income is within 133% FPL. This is a maximum monthly income of $2,782 for a family of four.
Other children who can qualify include those who are receiving an adoption subsidy, the foster care children in DFS custody, and newborns of Medicaid-eligible mothers. Former foster youth can also qualify until the age of 26.
However, with the Children’s Health Insurance Program (CHIP), children can get comprehensive coverage if their family income does not exceed 200% FPL.
Medicaid for Pregnant Women
The application process for Medicaid benefits can take as long as 45 days, and for pregnant women, there is no time to waste. That is why Wyoming offers the Presumptive Eligibility for Pregnant Women. A pregnant woman receives Medicaid healthcare benefits while their Medicaid application is being processed.
Once a pregnant woman is finally accepted into the Medicaid program, the coverage lasts up to 60 days after the delivery. The income ceiling is 154% FPL, and for a single woman with an unborn child that is a monthly income of no more than $2,113.
Parents can be eligible for benefits if their family income is 56% FPL. For a family of four, that’s a monthly income of $999. Women can get Breast and Cervical Cancer Treatment (BCCT) if their income is within 2505 FPL.
Wyoming Open Enrollment 2019 & Wyoming Obamacare Insurance
The Wyoming Open Enrollment period for health insurance in 2019 will run from November 1st, 2018 to December 15th, 2019.
For all your other questions regarding health insurance in Wyoming, please do not hesitate to give us a call at 1-855-614-5057. We stand ready to guide you so that you can get the health & medical insurance coverage you need and deserve.