The residents of Arizona have access to a federally facilitated Marketplace for their healthcare needs. Known as Cover Arizona, this health exchange provides a source to research and obtain plan quotes directly.
Cover Arizona is comprised of more than 900 statewide organizations, including those representing healthcare and nonprofits. Through this Marketplace, beneficiaries can take advantage of the coverage provided by Obamacare (also known as the Affordable Care Act , or ACA), as well as AHCCCS, Arizona’s Medicaid program.
While officially passed in 2010, the ACA’s actual health insurance exchange portion wasn’t available in Arizona and many other states until Jan. 1, 2014. But research shows that the program has been very successful. In fact, from 2014 to 2015, Marketplace enrollment has increased by 71 percent, including:
- 205,666 Arizona residents have enrolled in the Marketplace, as of March 2015
- 268,391 Arizona residents have enrolled in AHCCCS, as of May 2015
A wealth of coverage benefits for Arizona enrollees
As with any other state utilizing the Marketplace, enrolling in a Cover Arizona plan ensures that people are meeting the requirements of the federal law. And, they can take advantage of the various rights and protections afforded to customers. These protections include those for unjustified rate hikes and coverage exclusions due to pre-existing conditions.
Under the ACA, Americans are required to have at least a minimum level of health insurance. Typically, you can enroll in a policy during the annual Open Enrollment Period (OEP). For the upcoming year, the OEP starts on November 1, 2015, and ends on January 31, 2016. Plans obtained before December 15 take effect on January 1, 2016. However, those who fail to enroll by the deadline may face a financial penalty.
The Marketplace does offer Arizona residents financial assistance, in the form of tax credits and premium subsidies. Tax credits are available to people who enroll in a silver-level plan that make less than 250 percent of the federal poverty level (FPL). In regard to AHCCCS, Arizona residents must have incomes equivalent to 138 percent of the FPL. For individuals, this is about $16,243; for a family of four, this is just above $33,465.
However, we do advise that you research quotes directly from other insurance providers. This will allow you to compare a wider range of plans, including their benefits and prices.
You can use the links below to get quotes direct from insurance providers.