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Arizona Health Insurance Exchange Update - Health Plan Rates

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This article provides a summary of the 2014 individual health insurance plan rates and carriers for the Arizona Health Insurance Exchange.

The Health Insurance Exchanges ("Marketplaces") are new websites where state residents can go to compare and enroll in health insurance plans. All health insurance plans offered through these Exchanges cover a set of essential health benefits, are guaranteed-issue, and offer premium subsidies for eligible residents.

Arizona Health Insurance Exchange - Carriers

Eleven insurance companies are offering individual health insurance plans through Arizona’s Health Insurance Exchange. The carriers include:

  1. Aetna

  2. Blue Cross Blue Shield of Arizona, Inc.

  3. Cigna Health and Life Insurance Company

  4. CoventryOne

  5. Health Choice Insurance Co

  6. Health Net Life Insurance Company

  7. Health Net of Arizona

  8. Humana Health Plan, Inc.

  9. Meritus Health Partners

  10. Meritus Mutual Health Partners

  11. University of Arizona Health Plans - University Healthcare Marketplace

These insurance companies will be offering 98 different plans throughout the state. The Exchange opened for enrollment on October 1, for coverage that can go into effect as early as January 1, 2014.

Arizona Health Insurance Exchange - Individual Health Plan Rates

The chart below shows the average rates for a 27-year-old, a 50-year-old, a family of four with 30-year-old parents and two children, a single-parent family of three with a 30-year-old parent and two children, a 40-year-old couple without children, and a child (under age 21). The plans are divided into four standard "metallic" tiers of coverage, to help compare plans by level of coverage. There are also catastrophic plans, which are meant to only cover health expenses in the case of emergency. These below are averages; premium rates will vary based on carrier, plan, age, region, family size, and tobacco use.

ChartArizona resized 600Source: HealthCare.gov

Arizona Health Insurance Exchange - Federal Premium Subsidies

The average rates above reflect the prices of premium prices before any cost sharing or premium subsidies, which will further decrease healthcare costs for eligible residents. The actual amount that residents will pay depends on their household income. New federal health insurance tax subsidies will cap the cost of health insurance at 2% - 9.5% of household income, if household income is up to 400% above the federal poverty line (FPL).

See more: Health Insurance Tax Subsidy Charts.

Additional Resources

For information on how to use the online Health Insurance Exchanges see: How to Sign Up for Individual Health Insurance via the Marketplaces.

More information on Arizona's Health Insurance Exchange and health reform is available at healthcare.gov.

The Department of Health and Human Services recently released individual premium rates for all federally-run state health insurance exchanges. See: Health Plan Rates for the 36 Federal Health Insurance Marketplaces.

Guide to Free Health Insurance Subsidies