The state of Iowa currently does not have a state run health exchange where you can get quotes direct. Instead the federal health exchange will direct you to a number of approved insurance brokers / exchanges. These are privately owned and or publicly held for profit companies that you will be directed to. We have provided a link below to the Federal Exchange.
As a basis for comparison, we encourage you to get quotes from other insurance coverage providers. By having health insurance quotes from current providers as a base for comparison against the Federal Exchange approved providers, you will have a better range of plans, pricing information and overall access to affordable healthcare benefits.
Obamacare in Iowa
On October 1, 2014, Iowans became eligible to sign up for Obamacare. Many residents are asking questions about the program and need facts as they consider options for themselves and their families. The following is what you need to know.
Iowa is running a state-federal partnership health insurance exchange, which means that it is a collaborative effort between the state and the federal exchange program. By 2015, Iowa intends to transition to a fully state-based plan.
If already have insurance, such as Medicare, Medicaid, CHIP, a private insurance, VA health coverage, TRICARE, COBRA or any retiree coverage, you are covered under the new law. Some people may choose to enter the exchange even with insurance, to see if they can find more affordable insurance under a new plan.
When you enter the exchange, you will fill out an application. Once this is completed, you will find out the following:
1. If you have coverage, you might find out that you qualify for lower cost insurance through the exchange
2. If you don’t have health insurance, you will find different plans that you or your family qualify to receive.
3. If you qualify for Medicaid or the Children’s Health Insurance Program (CHIP), the exchange will give you information about your eligibility.
Iowa passed the Iowa Health and Wellness Plan but it is not yet approved by the Federal Government. The plan is designed to enroll state residents in Medicaid who are at or below 100% of the federal poverty limit. Residents who earn between 100 and 400% of the federal poverty limit will be provided subsidies to obtain healthcare coverage.
Under the law, every person living in the State of Iowa who doesn’t get Obamacare will be penalized by the IRS when they file their federal income taxes. At the end of 2017, Congress passed a tax bill that abolished the individual mandate penalty starting in the 2019 calendar year. Until then, however, people should be prepared to pay the greater of 2.5 percent of their household’s taxable income or $695 per adult and $347.50 per child if they decide to be uninsured.
Iowa Federal Health Exchange Link
You can use the links below to get quotes direct from national insurance providers.