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ACA impact on Arkansas residents

Enrollment is underway for health insurance plans under the Affordable Care Act.
Enrollment is underway for health insurance plans under the Affordable Care Act.

Tuesday Arkansas Insurance Commissioner Jay Bradford announced premium rates for the 71 qualified health insurance plans that will be sold on the individual market in the new Health Insurance Marketplace.

Bradford also said that premiums were at levels as much 25 percent below what had initially been requested for the individual market.
The coverage will be offered to everyone including those with pre-existing medical conditions.

The plans cover 10 essential health benefits, have no limits and have no ratings on health factors. 

The plans are offered on three different levels, bronze, silver and gold.

Bronze plans are likely to have lower premiums but higher out-of-pocket costs if medical services are provided.

For a 30-year-old in Arkansas, the average base premium of plans to be sold in the Marketplace will be $284.74 a month.

For two 40-year-olds with two children, the average base premium of plans to be sold in the Marketplace will be $948.82.

For all rate listings visit: <http://hbe.arkansas.gov/InsRates.pdf

For a map of the seven rating areas in Arkansas visit: <http://hbe.arkansas.gov/RatingMap.pdf

For a qualified health plan premium rate overview visit: <http://hbe.arkansas.gov/QHP-Rate-Overview.pdf


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