When it comes to protecting your family against unforeseen events, the presence of suitable health coverage can prove to be blessing. Before zeroing on a particular policy, a thorough evaluation of your family's healthcare needs and your financial assets is required. If you live in Alaska, you can choose from various options. We provide quotes on all states zip codes. The Alaska Division of Insurance controls the regulations under which the Alaska health insurers can sell private health insurance to individuals and families.Remember that having coverage leads to a healthier lifestyle as you are able to get regular doctor checkups and therefore a low cost premium.
Usually, insurance companies in Alaska offer individual and family policies based on your age, health and other such relevant factors. An application is required from any person wishing to obtain an individual health plan and this application will contain questions pertaining to your present and past health status and history. The insurance company has the right to either deny you coverage or offer you coverage with a rider that excludes coverage for a certain pre-existing medical condition. This exclusion of benefits for that condition may be for a set period of time or may be a permanent exclusion that will apply for as long as your policy is in effect. Insurance companies in Alaska may also place a waiting period on pre-existing medical conditions, even if those conditions were not included in a rider and they are not required by state law to give credit toward prior coverage for these exclusion periods. The insurer may look back in your 6-month old health history and also apply a 12-month exclusionary period for pre-existing medical conditions that did not have prior coverage. The state laws require insurance companies to cover certain medical services such as hearing aids for children, continuity of care for pregnant women and breast and cervical cancer screening.
The state of Alaska defines a small group as any company with between 2 and 50 employees. Employers are not required by Alaskan law to offer coverage to all employees, such as those working part-time or residing outside of the service area of the insurance company. However, if you are an eligible employee, you are offered guaranteed coverage under the group health plan, regardless of your current health status. There is no guaranteed issue coverage for group sizes over 50. Typically, group health insurance coverage is offered as chosen by employer from a variety of health plan designs available. Certain types of prior insurance coverage may provide creditable coverage toward any pre-existing medical condition exclusion. If an individual is uninsured for a previous 63-90 days, a waiting period for coverage of pre-existing conditions may apply. A group health plan may exclude benefits for pre-existing medical conditions for which you received treatment or had symptoms in the six months prior to enrolling in the group plan. Alaskan state regulations cap small group rates at 35% of the insurance company's index rate.
Most states have a "mini-COBRA" option that extends COBRA benefits to employees who worked for companies with less than 20 employees. Nevertheless, Alaska does not have a state mini-COBRA regulation. Alaska follows federal COBRA regulation that applies only to employers with 20 or more employees. To be eligible for COBRA coverage, you must have been covered under your employer's health coverage plan when you worked, and the health plan must continue to be in effect for active employees. While electing the COBRA option, you and your family may continue to receive coverage for up to 18 months after retirement, termination for reasons other than gross misconduct or change in employment status to a position that does not include benefits. Under special circumstances such as a divorce, legal separation, etc., your spouse and/or dependent children may remain on the plan for 36 months and disabled persons for 29 months. However, you are responsible to pay the premium in full, which may be 2% more than what your employer was paying for the same coverage. If the health insurer raises the premium on your employer's group plan, you will also be subject to those higher rates. Since Alaska COBRA is a continuation of your previous group health plan, your COBRA will end if that group plan terminates coverage and stops providing insurance to their employees. The Alaska Comprehensive Health Insurance Association (ACHIA) provides continuation of coverage for persons that have accepted and exhausted their COBRA option.