Alaska’s Health Insurance Marketplace
If you live in Alaska, you can choose from two carriers on the state’s health insurance exchange, including Premera Blue Cross and Blue Shield of Alaska and Moda Health.
A heads-up on the new health plans: networks are smaller than traditional, off-exchange plans, but if you’ve never had insurance, it’s likely not going to matter much. Especially if you’re more concerned with keeping your costs to a minimum, there’s an immense benefit to the way these marketplace plans work.
Once you’re covered, your health plan can help you pay for myriad services like visiting your primary care doctor, having a baby or filling a prescription. Under the law, your plan must cover at least the ten essential health benefits, which ensures you have access to many types of care.
One key reason to enroll in a policy on the exchange is affordability. Tax credits are awarded on a sliding scale to low-to-moderate income Alaskans, which reduces your monthly payment and even your expenses for covered care. Subsidies make coverage more reasonable, so that it’s possible for most people to pay for health insurance.
Keep in mind that health insurance is also mandatory, and if you don’t enroll by the end of open enrollment, it’s likely that you’ll face a penalty on your taxes next year.
Alaska Subsidy Calculator
The tool below can help you determine eligibility for subsidies on the health insurance marketplace in Alaska. Depending on income, you may qualify for premium and cost sharing discounts, though you’ll only see your premium discount here.
*The above disclaimer pertains to the creator of this comparison tool, not East Coast Health Insurance, a licensed broker of insurance products.