Arkansas Coverage for Interns under the Affordable Care Act: Under the provisions of the Affordable Care Act (ACA), interns in Arkansas have access to various types of coverage that aim to ensure affordable and comprehensive healthcare options. These coverage options are designed to meet the specific needs and circumstances of interns, while complying with the regulations set forth by the ACA. One prominent type of coverage available for interns in Arkansas are through the Health Insurance Marketplace. The Marketplace offers a wide range of affordable health insurance plans, including those that cater to the needs of interns. These plans vary in terms of coverage levels, co-pays, deductibles, and out-of-pocket expenses. Interns can choose from bronze, silver, gold, or platinum plans, depending on their healthcare requirements and budget. Interns in Arkansas also have access to Medicaid coverage, which is a joint federal and state program providing healthcare benefits to low-income individuals, including interns who meet the eligibility criteria. Medicaid offers comprehensive coverage, including doctor visits, hospital stays, prescriptions, preventive care, and more. Eligibility for Medicaid coverage is determined based on income levels and other specific criteria. Another type of coverage available for interns in Arkansas are being covered under a parent's insurance plan. The ACA allows young adults to remain eligible for coverage under their parent's health insurance until the age of 26. This provision provides a cost-effective option for many interns, as they can avoid the hassle of finding independent coverage while still benefiting from their parent's plan. Furthermore, interns in Arkansas may also be eligible for employer-sponsored health insurance plans. Many organizations, particularly larger ones, offer health insurance benefits to their employees, including interns. These plans often provide comprehensive coverage and may require interns to contribute a portion of the premiums. It's important for interns in Arkansas to thoroughly research, compare, and evaluate the available coverage options to choose the one that best suits their needs. Utilizing the Health Insurance Marketplace or seeking guidance from healthcare navigators can help interns navigate through the various coverage options and make informed decisions regarding their healthcare. Additionally, interns should ensure that they understand the network of healthcare providers associated with their chosen plan and confirm that their preferred healthcare providers accept the specific coverage. In conclusion, Arkansas Coverage for Interns under the Affordable Care Act offers a range of options, including coverage through the Health Insurance Marketplace, Medicaid benefits, staying on a parent's insurance plan, or employer-sponsored plans. Interns should carefully assess their healthcare needs and budget to select the most appropriate coverage option available to them.
Arkansas Coverage for Interns under the Affordable Care Act
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Arkansas residents can sign up for affordable health coverage through the state health insurance exchange, and Medicaid provides free or low-cost coverage to those who qualify based on income. For 2023, the average monthly cost of health insurance in Arkansas is $476 for a 40-year-old.
Often, the starting point for an insurance rate is based on that of an individual who is 21 years old. ing to ValuePenguin, the average health insurance premium for a 21-year-old was $200 per month. This is also an average for a Silver insurance plan -- below Gold and Platinum plans, but above Bronze plans.
Paid interns working more than 30 hours per week may be considered eligible employees who should receive health coverage insurance. Exceptions may include: Interns employed by a company for fewer than 120 days. Interns who have worked fewer than 30 hours a week on average for the last 12 months.
Full coverage insurance in Arkansas is usually defined as a policy that provides more than the state's minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $25,000 in property damage coverage.
The ACA's individual mandate provision goes into effect, requiring individuals to obtain health insurance coverage to avoid a tax penalty. Subsidies are available on a sliding scale to purchase coverage. 60,034 Arkansans will have coverage through the state's health insurance marketplace as of March 2020.
Since 2016, Arkansas has enrolled residents in ACA-compliant plans through a state-based exchange that utilizes the federal enrollment platform (SBE-FP). This means people enroll through HealthCare.gov, but the state oversees the exchange plans and runs its own outreach and assistance programs.
On average, a single person pays about $111 a month for employer-sponsored coverage and $456 a month for a plan on the health insurance marketplace, before any subsidies. Besides monthly premiums, health insurance expenses include copayments, coinsurance and spending to meet your deductible.
