Your choice of Medical Insurance in Arizona

26 Feb 2016 Admin

For many years, Arizona lagged behind other American states in terms of the percentage of the population with medical insurance. That situation has changed dramatically in the last couple of years with the introduction of the Affordable Care Act and the number of people who now have some form of medical insurance in Arizona has risen considerably.

Following the enactment of the Affordable Care Act, it became a legal requirement for all FU.S. citizens to have at least minimal health insurance coverage from a company or risk being fined. The compliance rate has been high across America and the big insurance companies have been forced to offer better rates and packages in order to compete with the new so-called Obamacare.

Multiple Choice

With few exceptions, all U.S. citizens have been forced into taking out a health insurance policy of some kind. The good news is that since the low-priced Obamacare coverage came into being, medical insurance in Arizona is not only much more affordable but there are numerous options here to suit everybody’s particular income and needs.

  • Workplace Insurance. Some people are already covered to some extent by workplace insurance but can shop around for supplementary insurance to give themselves and their families the best possible care and attention should a medical emergency arise.
  • Medicaid and CHIP. Many lower income individuals and families qualify for Medicaid and CHIP (Children’s Health Insurance Program). Funded by the federal government and the individual states, Medicaid also offers medical insurance coverage for the elderly, pregnant women and those with physical or mental disabilities. Arizona was one of the first states to extend the Medicaid insurance scheme to include unmarried and low income people and it can be applied for via the Health Insurance Marketplace. It should be noted that, due to funding shortages, the CHIP program in Arizona, KidsCare, no longer accepts new members but alternative coverage schemes may be found through Medicaid or Obamacare.
  • Obamacare. Hugely popular since its recent introduction, the Affordable Care Act is open to all U.S. citizens and offers medical insurance in Arizona at affordable prices. Health insurance policies which are ACA compliant can be purchased both directly from the health insurance exchange or from the insurance marketplace but only the latter qualify for tax relief and credits.
  • Private Insurance. Once only affordable by the well-off and wealthy, the cost of private medical insurance has dropped significantly as the insurance companies battle Obamacare for customers. Sometimes premiums can even be lower than those offered by an Obamacare policy, and now is a great time to shop around for private coverage.

 

There can be no doubt that the Affordable Care Act has changed the medical insurance landscape as the insurance companies fight for their share of the pie. Modern policies not only include the basics of treatment, hospitalization, after care and prescription drugs but also a wide range of preventative services. Health screening, vaccinations and regular check-ups are now part of basic insurance policies as part of the prevention is better than cure policy. Also, medical insurance can no longer be denied to people with pre-existing conditions, no matter how serious, which means that everybody can get adequate insurance to offset the ever-rising costs of medical treatment.