Let’s be frank: the last thing you want on your plate when dealing with a medical emergency, is debt.
That’s why you need to carry health insurance, so that you’re not blindsided by bills when you’re already dealing with health issues. And this is true across the United States, including the Natural State: Arkansas.
Keep reading to find out everything you should know about health insurance in the wonderful state of Arkansas, so you can get back to devouring some possum pie or exploring the 600,000 acres of lakes.
We’ve got you covered.
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There are several ways to access health insurance in Arkansas:
The reason for this variety of health insurance options is so that people in different circumstances can access a plan that is suited to their needs.
The rest of this article is dedicated to providing specific details about how these health insurance plans work. So keep reading if you want to become the most informed consumer in all of Arkansas!
Approximately 40% of Arkansas residents are insured through their employer.
Insurance companies give group-rate discounts to employers. If you are working for a company that sponsors health insurance for their employees, chances are you can get a good deal on health insurance coverage.
Obtaining this insurance plan is simply a matter of following the necessary steps as laid out by your employer. But our pro tip is to take one extra step: research all your options!
This means:
The key to saving on insurance in Arkansas is making informed choices.
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But not every employer sponsors health insurance. And some people are self-employed.
Another way of getting health insurance is on the marketplace. You are eligible to purchase a marketplace plan if you meet the following criteria:
The benefit of marketplace plans is that their prices are regulated by the Affordable Care Act in order to be as accessible as possible. In fact, the American Rescue Plan Act of 2021 extended eligibility for health insurance subsidies to those making 400% of the federal poverty level. This translates to discounts for the eligible consumer on marketplace health insurance.
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Keep in mind, you don’t have to purchase your health insurance from the marketplace. Private insurance companies offer Arkansas residents a range of health insurance plans sold off the exchange.
The benefit of private health insurance is the scope of health insurance available. If you are able to pay more in premiums, these plans can offer you extensive coverage.
But the downside of these plans is that you cannot qualify for those health insurance subsidies that are available on the marketplace. It’s important to weigh your coverage needs with your budget to see which route is best for you.
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As you can likely guess by the sheer variety of health insurance plans available in the state, the price of health insurance in Arkansas will vary greatly. Some of those government-sponsored plans are free of charge, while a top-of-the-line policy purchased privately will cost a good chunk of change.
To give you a general baseline, here’s the expected price for a middle-of-the-line health insurance plan:
While this number certainly can’t describe all of the health insurance costs in Arkansas, it does act as a point of reference so you can plan accordingly.
You deserve great health insurance coverage, whether you live in Little Rock, Jonesboro, or Fayetteville. Being proactive about your health and finding the right plan can ensure you have the coverage you need before you actually need it.
A great way to ensure you are finding the best health insurance in Arkansas is by speaking with an insurance expert. Their depth of knowledge can help you determine what health insurance is right for you.
Start by getting a sense of your options and costs with access to free quotes here. Great coverage awaits!
Lauren Lewthwaite Lauren Lewthwaite has been freelance writing for almost five years writing content that ranges from health to insurance and everything in between. Lauren is also a trained translator in French and English and is a dog-mom to an adorable Australian Shepherd.
