Idaho Health Exchange Premiums Expected to Double Without Congressional Tax Credit Extension

Open enrollment for health insurance on Idaho's state exchange, Your Health Idaho, closes on December 15. Unless Congress extends existing tax credits that currently subsidize premiums, Idaho residents face an average doubling of insurance costs in the coming year, which may lead to increased policy cancellations. This anticipated premium hike underscores significant financial challenges within the state's health insurance market and highlights the impact of federal policy decisions on local insurance affordability. The development is critical for insurers, brokers, and policymakers monitoring market stability and consumer protections in Idaho's health insurance landscape.