Arkansas Health Exchange, a state federal partnership exchange is going to have at least 5 health insurance carrier selling qualified health plans (QHPs) in the federal govt run and state manged insurance exchange. Approximately 500,000 Arkansans are expected to apply for health care insurance through Obamacare insurance exchange and Arkansas’ “private option” plan approved recently at Legislative Session. Arkansas Insurance Commissioner Jay Bradford said that more insurance carriers may be allowed to apply despite a June 3 deadline that has passed.
It is still possible that there may be a couple of more companies allowed to sell health plans in Arkansas Health Exchange. Long-running federal employees health insurance exchange, may add a few more health insurance companies to the exchange. Federal employees as part the Federal Office of Personnel, have a menu of health insurance companies that they can choose and these companies, and others, may join the Arkansas Health exchange.
Companies Planning To Offer Plans In Arkansas Health Exchange:
Following are the 5 companies who have met the June 3 deadline to announce their plans to apply at state’s insurance exchange, also known as the Health Insurance Marketplace (HIM).
|1||Arkansas Blue Cross Blue Shield of Little Rock|
|2||National Blue Cross Blue Shield Multi-state Plan|
|3||QCA Health Plan of Little Rock (QualChoice of Arkansas Inc. )|
|4||Celtic Insurance Co. of Chicago( via subsidiary NovaSys Health)|
|5||United Security Life & Health Insurance of Bedford Ill.|
These plans are submitted to Arkansas Insurance Department, which is going to review them now. The companies also submitted their proposed service areas for 2014.The Arkansas law requires that there should be at-least 2 health insurance companies in each of Arkansas’ 75 counties.Open enrollment for the Health Insurance Marketplace (HIM) starts from Oct. 1, and ends on March 31. Consumers can access the HIM through the Arkansas Health Connector website at http://hbe.arkansas.gov/ beginning Oct. 1.
Here is the link to the video of Arkansas Insurance Commissioner Jay Bradford. To learn more about Affordable Care Act news and article go here. Also see this to know how to apply for obamacare. There are some financial help available for people making less than 400% of federal poverty level, go here to see if you qualify for obamacare subsidies.