Health Insurance Quotes in Phoenix, Arizona
Do you live in Phoenix, Arizona and you’re looking for health insurance? This guide can help shed some light on the health insurance situation in Phoenix and provide you with the information you need regarding your possible insurance options.
One of the reasons for the confusion may be because of the recent presidential results, which put the future of the Affordable Care Act (also known as Obamacare) in doubt. A survey in the state has revealed that 53% of Arizona respondents were opposed to the ACA, while only 40% supported it.
But a repeal of the law can result in the loss of coverage for a large number of people.
How Has the ACA Helped Arizona Health Insurance?
There’s no doubt that many of the provisions of Obamacare has helped many Arizona residents secure affordable health insurance.
- Before Obamacare, insurance companies were able to deny coverage to people with preexisting medical conditions. Or they were able to charge them exorbitant rates. That was a terrible situation for almost 2.8 million Arizona residents with preexisting conditions. Now the ACA has mandated that these insurance companies can no longer deny or charge more for insurance to these people.
- Men and women now also pay the same rates. Before the ACA, women were charged more, simply because they were women.
- It was also almost impossible to easily compare insurance prices so that people can compare plans and prices properly. Arizona received $4 million in federal funds under the ACA so that the marketplace can become more transparent.
- Obamacare has provided more than 124,000 people in Arizona with tax benefits to help pay for insurance. They each received an average of $230 a month.
Do You Have to Get Health Insurance?
Common sense dictates that everyone should be covered. You don’t know what the future will bring, and medical expenses in the future can result in your financial ruin. In that sense, you do need health insurance so that you can financially survive emergency medical treatments and even regular medical services.
But with the ACA, you’re also facing a tax penalty if you don’t get a proper health care plan that meets the ACA requirements. These include:
- An employer-provided plan, which includes a retire plan or COBRA/li>
- Medicaid, Medicare, or a plan under the children’s Health Insurance Program (CHIP)/li>
- A health insurance plan through the Peace Corps/li>
- A health insurance plan from the US military (TRICARE)/li>
- A health insurance plan through a veterans health care program
You’re also exempted from the penalty if:
- You’re a member of a healthcare sharing ministry, a recognized religion that opposes health insurance, or a federally recognized “Indian” tribe. You’re in prison.
- You’re not in the US legally.
- You’re not insured for only less than 3 months of the year.
- You can’t afford to pay for insurance, since the premiums for the cheapest bronze policy costs more than 8% of your income.
- Your income is so low that you don’t even file a federal income tax return.
You can also apply for a financial hardship exemption, if you can prove that getting a health insurance plan would be financially distressing for you. These difficulties may involve a natural disaster, eviction or homelessness, a medical emergency or a death of a loved one, or even domestic violence.
If you’re not exempted and you want to avoid the tax penalty, then you have to get an insurance plan. The open enrollment runs until January 31, 2017.
What Are Your Options?
Almost 200,000 people in Arizona get their insurance through the ACA. More than 124,000 of them get subsidies through tax credits. However, these tax credits are mainly for low income residents. Marketplace options are very limited for Arizona residents. In 2016 there were 8 insurance carrier options for the state. For 2017, that has dropped to 2.
For Phoenix and everywhere else in Arizona except Pima County, the only actual option from the marketplace is Ambetter from Health Net. If you’re an Arizona resident and you’ve enrolled in the other marketplace carriers, you’re automatically relegated to Ambetter.
That’s not the only bad news. The Arizona Department of Insurance also approved Ambetter’s plans to increase rates by a whopping 74.5%. Even those who qualify for subsidies may see their premium payments rise for 2017.
There are, of course, other non-marketplace options. If you want to know your affordable health insurance options, please check our health insurance quotes for Phoenix.