Private health insurance is an excellent option to use when needing to pay for drug and alcohol treatment in Wyoming. Most of the private health insurance in the state is purchased through a health insurance marketplace. Also, residents can purchase private health insurance through licensed insurance brokers and private companies along with short-term insurance options. Private health insurance usually covers detox, inpatient drug rehab, and outpatient services. There are usually four health insurance categories; Bronze, Silver, Gold, and Platinum, which show how the cost is shared between the insurance company and the insured.
Moreover, there are different plans and network types, and the common are Health Maintenance Organization plans and Preferred Provider Organization plans. An HMO plan is a health insurance plan that limits coverage to in-network providers that are contracted by the HMO, and it does not usually cover out of network providers. PPO plans are health insurance plans that have an established network and cover in-network providers at a lower cost and cover out of network providers at a higher cost. Overall, every health insurance plan covers substance abuse treatment services to some degree.
Advantages of Private Health Insurance for Substance Abuse Treatment in Wyoming
There are some advantages to having private health insurance to pay for drug and alcohol rehabilitation in Wyoming. Private plans usually provide access to more service providers and drug rehab options. For example, detox, family counseling, individual therapy, group counseling, residential treatment, and outpatient programs. Most private health insurance plans offer benefits that meet the Affordable Care Act's minimum essential coverage requirements. When searching for drug rehabilitation centers in Wyoming that are covered by health insurance, it is important to speak with the drug rehab center and the insurance provider. There are usually specific processes for applying and using insurance to pay for treatment, like a co-payment or deductible.
The Difference Between Private Health Insurance and Medicaid/Medicare
In Wyoming, private health insurance is any health insurance coverage offered by a private entity instead of the state and federal providers. Public health insurance in Wyoming is available to residents of Wyoming based on income and age. The one main difference between public and private health insurance like Medicaid and Medicare is the eligibility and qualifying criteria. Medicare is a federal program for adults over the age of 65, and Medicaid is a state-run public health insurance program for low-income individuals. Another difference between public and private insurance is the different types of private insurance plans.
However, not everyone in Wyoming has access to health insurance. According to 2018 data from the United States Census Bureau, approximately 10.5% of residents in the state were without health insurance. Also, 74.9% of residents had private health insurance, while 27.3% had public health insurance. Moreover, in 2019, 8% of Americans, or 26.1 million people, did not have health insurance at any point during the year. Between 2018 and 2019, the percentage of people without health insurance coverage decreased in one state and increased in 19 states.