Open enrollment begins today for another year of subsidized health insurance sold through the Arkansas Health Insurance Marketplace, an element of the federal Affordable Care Act (Obamacare). Enrollment lasts through Feb. 15.
The federal website healthcare.gov has details. Enrollment in these plans qualifies purchasers for tax credits for premium costs. The Arkansas Insurance Department also has a new function on its website with information on premiums, benefits, deductibles, co-payments and other details. The insurance is sold by private insurers. Said the Insurance Department:
Altogether, rates for all Marketplace consumers in 2015 are projected to drop, on average, by approximately 2 percent from 2014. Also, in 2015 there will be more competition with five carriers (up from four in 2014). All carriers plan to serve all areas of the state.