Arizona Health insurance Overview

  • Arizona uses the federal exchange to enroll in plans.
  • Open enrollment for 2020 health plans has ended.
  • The Open Enrollment Period for 2021 coverage begins November 1, 2020.
  • Short-term health plans can be enrolled in for up to 364 days. 
  • Five insurers offer plans on the Arizona exchange.
  • Arizona’s uninsured rate has dropped from 17.1% to 10.6% since 2013.
  • 153,020 Arizona residents enrolled in a health insurance plan for 2020 coverage.

Arizona’s Health Insurance Marketplace

Arizona residents can find affordable individual and family health insurance through the federal exchange, HealthCare.gov. Health plans on the exchange meet ACA standards and are available for enrollment during the annual Open Enrollment Period

Open enrollment for 2020 covered has now ended, but Arizona residents can enroll in 2021 health coverage during the Open Enrollment Period that begins November 1, 2020.

Arizona has five insurers available on the exchange, up from two in 2018: 

Arizona Health Insurance Statistics

Arizona Health Insurance Statistics

How Has Obamacare Helped Arizona’s Uninsured?

Arizona operates with the federally facilitated marketplace (HealthCare.gov) and has expanded its Medicaid program under the Affordable Care Act. The improved access to healthcare has drastically boosted the insured rate in the state. 

In 2013, 17.1% of Arizona residents were uninsured, and that has since dropped to 10.6% by 2018. Although this is a dramatic improvement, Arizona’s uninsured rate still sits above the national average (8.9%).

Health Insurance Rate Changes in Arizona

Health insurance premiums fluctuate every year, so it’s important for Arizona residents to monitor changes closely. Insurers set premiums for the forthcoming year before they are approved by the federal health insurance exchange.

In 2020, Arizona health insurance premiums saw a dramatic decrease across the board. Bronze, Silver, and Gold plans all saw a sizable decrease in costs since 2018.

Health Insurance Rate Changes in Arizona

Short-term Health Insurance in Arizona

If you have lost access to health insurance due to a job loss or another issue, short-term health insurance can provide temporary coverage. Arizona recently reduced its strict rules, allowing residents to enroll in a short-term plan for up to 364 days and renew the plan for up to three years. 

Although short-term insurance does have a place, they do not provide the same amount of coverage as the Affordable Care Act plans. For instance, your policy likely won’t cover mental health care or maternity care, and most don’t have prescription drug coverage. 

Best Cheap Health Insurance Companies in Arizona

Arizona has five health insurance companies available on the marketplace, but depending on your zip code, you might not have access to them all; certain Arizona areas have only one or two insurance providers available. 

Bright Health Company of Arizona and Health Net offer the most affordable plans in Arizona; however, not all counties will have access to them. Blue Cross and Blue Shield is the only insurer available in every Arizona state.

As such, the cheapest health insurance company solely depends on what Arizona county you live in.  

What is the Cheapest Health Insurance Plan in Arizona

Depending on which Arizona county you live in, the cheapest Silver health insurance plan is either TrueHealth HMO 6000, Ambetter Balanced Care 12, or Silver 1.

How Much Does Health Insurance Cost in Arizona

Health insurance rates vary based on location, age, and other factors. This makes it difficult to estimate how much coverage would cost without creating a quote based on your credentials. In 2020, the average monthly premium for a 40-year-old is $487 per month – a decline of 6%.

Finding your Best Health Insurance Coverage in Arizona

Finding health insurance coverage might seem daunting, but it isn’t as complicated as it seems. If you don’t receive health insurance from an employer, you can buy a plan in the Arizona marketplace.

Plans on the marketplace are divided into three main metal tiers: Bronze, Silver, Gold. The higher the coverage, the more expensive the premium. The low-cost coverage that Bronze plans offer might seem appealing, but it might not be the best options depending on your needs. 

Metal Options Breakdown by Metal Tiers

It’s also worth noting that Arizona has expanded its Medicaid program to include households with an income below 138% of the federal poverty level. 

Cheapest Arizona Health Insurance Coverage by Metal Tier

Each metal tier has different premiums and out-of-pocket costs associated with it. The following premiums are based on an average 40-year-old, but remember; these policies aren’t available in every Arizona county:

  • If you are searching for cheap health insurance in Arizona and want a Bronze plan, consider the Ambetter Essential Care 2 HSA. The average monthly premium is $286, and the deductible and the out-of-pocket maximum is $6,550.
  • Ambetter Balanced Care 12 is the cheapest Silver plan, with a deductible of $345. The deductible is $6,500 and the out-of-pocket maximum is $8,150. This is one of the most popular health insurance plans in Arizona.
  • Ambetter Secure Care 4 is the most affordable Gold tier plan. The premium is $438 a month. The deductible is only $1,400, and the out-of-pocket maximum is $5,750.

Gold Plans: Best If You Have High Expected Medical Costs

If you rely heavily on your health insurance, a Gold plan is most likely the best choice. The premiums are more expensive than a Silver plan, but out-of-pocket expenses are significantly lower. 

Silver Plans: Best for Average Medical Costs or People with Low Income

Silver plans sit between Gold and Bronze plans and are a good option for people with average medical needs. Premiums are affordable, and the out-of-pocket expenses are lower than Bronze plans.

If your income falls below 250% of the federal poverty level and you are enrolled in a Silver plan, you may qualify for discounts toward deductibles, copayments, and coinsurance.

Bronze Plans: Best for Healthy People with Low Expected Medical Costs

Bronze plans have cheap premiums but high out-of-pocket costs and limited coverage. The low-cost coverage makes Bronze plans particularly well-matched to young and healthy individuals who don’t use their health insurance often. 

If you are considering the Bronze plan, you must ensure you have enough savings to cover the high out-of-pocket costs should an unexpected medical emergency occur.

The Average Cost of Health Insurance by Family Size in Arizona

Every year, thousands of Arizona households search for family health insurance. With families coming in all different shapes and sizes, it can be difficult to know exactly how much you can expect to pay for a family health plan in Arizona. 

Your family health insurance cost depends on your policy, location, household income, and family size. Children aged 14 and younger are covered at the same rate, but premiums typically start increasing annually once the child reaches 15. 

health insurance by family size in Arizona

Get Help Comparing Health Insurance Plans in Arizona

Are you searching for health insurance coverage in Arizona? If you aren’t sure which metal tier is right for you, or how to find the most affordable policy for your needs, get in touch with HealthQuoteInfo.

Our licensed agents will walk you through the entire process, compare plans with you, and help select the right policy. Call us today on 1-888-497-1683.