The Affordable Care Act has impacted some states more than others. Arkansas is among those whose health insurance landscape has shifted most under the healthcare reform law. The state saw the largest reduction in percentage uninsured from 2013 to 2014 when Obamacare’s key provisions took effect, according to a 2014 Gallup Poll.
Arkansans who buy their own health insurance have many coverage options. They can shop for plans through the state-based exchange or in the private marketplace, and those who qualify can enroll in Medicaid and CHIP.
Arkansas and the Affordable Care Act
When the Affordable Care Act’s Health Insurance Marketplace opened for business, Arkansas opted for a state-federal partnership exchange. Therefore, individuals and families living in the state who want to take advantage of premium tax credits and cost-sharing subsidies must shop for and enroll in coverage through Arkansas’ Health Insurance Marketplace.
Those who live in the state and do not qualify for income-based financial assistance that lowers premiums and out-of-pocket healthcare costs may shop the private marketplace. Arkansas health plans sold away from the exchange may include different coverage and network options.
HealthCare.org provides private health insurance quotes for Arkansas Obamacare major medical plans, as well as other health benefits plans including short term health, supplemental health, dental and Medicare supplement.
As of Nov. 1, 2015, Arkansas operates its own Small Business Health Options Program for employers with 50 or fewer full-time employees.
Medicaid expansion in Arkansas
Arkansas is among the many states that expanded Medicaid to single, low-income adults in 2014. Those who believe they might qualify may apply for Arkansas Medicaid through the state’s Health Insurance Marketplace.
ARKids is the Children’s Health Insurance Program (CHIP) in Arkansas.