ACA has impacted some states more than other states. Arkansas is amongst the states whose landscape for health insurance has shifted the most under the Affordable Care Act. Arkansans have many coverage options for those buying their own health insurance coverage. Through the state based exchange or private marketplace; Arkansans can purchase insurance. Then those who qualify may also enroll in Medicaid and CHIP.
Arkansas chose to participate in the state federal partnership exchange when the ACA “Affordable care Act opened the Health Insurance Marketplace for business. This allowed individuals and families that lived in the state and want to benefit from the premium tax credits and or cost sharing subsidies to do so by enrolling in coverage available through Arkansas Health Insurance Marketplace.
Those living in the state and don’t qualify for any income based financial assistance which lowers your premiums and your out of pocket healthcare insurance costs can shop in the private marketplace. These Arkansas health plans may then include different coverage and or network options.
Arkansas has its own “Small Business Health Options Program” that it operates for the employers who have 50 or lest full time employees which started as of November 1st, 2015.
Arkansas Medicaid Expansion:
A Medicaid expansion overhaul for Medicaid expansion in Arkansas was approved. Dubbed “Arkansas Works.” This was voted on in April 2016. The waiver proposal was submitted by the state to CMS June 2016 which was reviewed over the following months and granted approval by CMS for most modifications requested by the state in December 2016. With a 5-year extension for “Arkansas Works” Medicaid demonstration waiver that took place in 2017.
Enrollees under the “Arkansas Works” with incomes above pervert level can now pay a more modest premium for their health coverage. A 90-day retroactive effective date no longer exists for coverage of unemployed enrollees which are referred to job training and or some enrollees get their insurance coverage from employers who have supplemental funding from Medicaid.
In May of 2017, additional changes were made and approved by lawmakers to the Arkansas Medicaid expansion. These will only be implemented if HHS approves them.
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