Alaska Health Insurance
Alaska has fewer health insurance regulations than most states. Still, it's important to familiarize yourself with them, so you're more confident and knowledgeable in your purchase.
Describes important Alaska health insurance policy regulations
Lists rules Alaska health insurance companies must follow
Health insurance policies are regulated by each state's own health insurance laws. Alaska health insurance companies and policyholders alike must abide by established insurance laws.
Compare health plans and get instant quotes:
The search for the best coverage at the lowest price starts with comparing as many plans as possible from providers in your area.
To choose among the hundreds of plans available to you, use our fast and free comparison service to get quotes from major insurers in your state:
Do You Qualify For A Subsidy?
Find out if you qualify for a government subsidy under Obamacare. Millions of Americans will have their insurance rates reduced under the new health care law. Learn how much you could save with our simple calculator.
Alaska health insurance policy provisions
Some of the most important Alaska health insurance laws are the ones that influence the health insurance policy specifically. Alaska does not impose strict policy requirements on the insurance companies, but there are a few you should be aware of.
For one, parents' individual health insurance policies automatically cover newborns and adopted children for 31 days aafter birth or adoption, if the policy already covers dependents.
Alaska health insurance policies must also all include a guaranteed renewability provision. This provision states that your request to renew your Alaska health insurance policy cannot be denied as long as you have honored the terms of the contract.
Some health insurance regulations allow the Alaska health insurance companies the freedom to design the policy to their liking. For instance, Alaska insurance companies are allowed to include elimination riders in their policies.
Elimination riders are provisions attached to the policy that eliminate the responsibility of the insurance company in certain situations. Alaska health insurance companies use this to eliminate coverage for a pre-existing medical condition. Conditions which are considered to be pre-existing are determined by the insurance company, but typically include illnesses you have obtained medical care for before you bought your health insurance policy.
Alaska health insurance companies can attach an elimination rider for the specific pre-existing condition and thereby avoid reimbursing you for any medical treatment connected with said pre-existing condition.
Also, when switching health insurance, there can be a new pre-existing condition exclusion period imposed.
With this in mind, it becomes apparent that not only is health insurance important, it is also important to purchase Alaska health insurance when you are younger and more healthy to maintain that policy so you can receive the best and most comprehensive health care coverage for the rest of life.
Regulating Alaska health insurance companies
Health insurance laws in some states strictly regulate the cost and availability of health insurance policies. Alaska health insurance laws are rather relaxed in this area, which means you have to be more aware of what liberties your health insurance company are, or are not, allowed.
Even though the cost of health insurance is not controlled by Alaska health insurance laws, Alaska health insurance companies generally charge you the same amount as other individuals who are in similar health. However, this is solely the decision of insurance company, so they can charge you more at their sole discretion.
Not only is the cost of your Alaska health insurance dependent on your health, the availability of your health insurance is, too. This means that your application can be denied if the insurance company considers your health status to be too risky to insure.
However, as stated earlier, Alaska health insurance policies can not be canceled on the basis of illness. In addition, Alaska insurance companies must always honor your request to renew your health insurance policy.
Temporary Alaska health insurance
It is crucial to obtain some type of health insurance anytime you have breaks in your health care coverage. In Alaska temporary health insurance is available through a few Alaska health insurance companies. You can get further information by calling the Alaska Department of Insurance.
More AK health insurance help
If you want more help getting a good health insurance policy, read our guide to health insurance.
Also see the guide to Alaska small business health insurance.
To find out more about AK health insurance laws and regulations, visit the official website of the Alaska Division of Insurance.