With rising medical expenses, health insurance is not just beneficial but essential. Individuals or families benefit from minimal expenses amid unexpected emergencies.
This blog will review some cheap health insurance providers in Arkansas, listing their pros and cons.
Top Cheap Health Insurance in Arkansas
Here are Arkansas’s top cheap health insurance providers and platforms. Â
Beem
Beem, a platform for all things insurance, offers a range of plans designed to fit various lifestyles and budgets, including short-term medical coverage, accident insurance, critical illness coverage, or dental plans.
| Factors | Details |
| Pros | Flexible coverage duration (30 days to 1 year). Options for individual and family plans. Benefits for office visits and urgent care. Access to large national networks. |
| Cons | Not suitable for long-term coverage. |
| Monthly Fees | It depends on the plan and the chosen health insurance coverage which ranges between $391 and $407. |
| Out-Of-Pocket Costs | Varies widely based on the selected plan, typically higher than traditional plans. |
| Deductibles | Ranges from $1,000 to $5,000, depending on the plan. |
Octave
Octave focuses on matching clients with therapists suited to their needs, using evidence-based methods, and aims for measurable improvements in mental health.
| Factor | Description |
| Pros | Personalized therapy with a focus on human connection. Range of therapy specialties. Evidence-based approaches for faster results. Significant improvement in depression symptoms for most clients. |
| Cons | Limited out-of-state coverage. Higher deductibles compared to some other providers. |
| Monthly Cost | Around $250 for an individual plan. |
| Out-of-Pockets | Up to $8,000. |
| Deductibles | Typically, $3,000 for an individual. |
Banner Aetna
Banner Aetna offers plans designed to provide extensive medical coverage, including telehealth services, everyday medicine and specialty care.
| Factors | Details |
| Pros | Wide network of providers. Comprehensive coverage, including telehealth. Strong customer service. Specialty care options for complex medical needs. |
| Cons | Premiums are slightly higher than competitors. Out-of-network care is expensive. |
| Monthly Cost | Around $350 for an individual plan. |
| Out-Of-Pocket Costs | Up to $6,500. |
| Deductible | Typically, $1,500 for an individual. |
Oscar
Oscar Health Insurance uses advanced technology to provide personalized, accessible, and affordable healthcare. Its services include virtual care, a dedicated team, and cost-saving prescription options.
| Factors | Details |
| Pros | Innovative tech features like telemedicine. Cash rewards for meeting health goals. Flexible plans tailored to different needs. High customer satisfaction. |
| Cons | Limited network compared to larger providers. Customer service can be inconsistent. |
| Monthly Fees | Around $407 on average for an individual plan. |
| Out-Of-Pocket Costs | Up to $7,000. |
| Deductible | Typically $2,000 for an individual. |
Ambetter
Ambetter Health provides marketplace insurance plans that cover essential health benefits, ensuring comprehensive medical care and wellness services for individuals and families.
| Factors | Details |
| Pros | Competitive pricing. The broad range of plans. Wellness programs and benefits. Coverage for essential health benefits. |
| Cons | Mixed reviews on customer service. Some plans have higher out-of-pocket costs. |
| Monthly Fees | Around $290 for an individual plan. |
| Out-Of-Pocket Costs | Up to $7,500. |
| Deductibles | Typically, $2,500 for an individual. |
Health Advantage
Health Advantage, an Arkansas Blue Cross and Blue Shield affiliate, provides flexible and affordable group health plans through a large network of healthcare providers. Its focus is on quality care and cost management.
| Factors | Details |
| Pros | Large network of quality healthcare providers.Cost-effective group plans for small and large employers.Focus on managing and reducing healthcare costs.Affiliated with Arkansas Blue Cross and Blue Shield. |
| Cons | No out-of-network coverage.Requires primary care physician (PCP) coordination. |
| Monthly Fees | Around $330 for an individual plan. |
| Out-Of-Pocket Costs | Up to $6,800. |
| Deductibles | Typically, $2,200 for an individual. |
Blue Cross Blue Shield
Since 1929, Blue Cross Blue Shield has been providing healthcare coverage tailored to the needs of local communities, ensuring access to a vast network of doctors and hospitals.
| Factors | Details |
| Pros | Extensive network of over 1.7 million providers.Personalized, community-focused healthcare.Nationwide coverage in all 50 states, D.C., and Puerto Rico.Long-standing reputation and trust. |
| Cons | Higher monthly premiums compared to some competitors.Some plans have high deductibles. |
| Monthly Fees | Around $370 for an individual plan. |
| Out-Of-Pocket Costs | Up to $6,000. |
| Deductibles | Typically, $1,800 for an individual. |
Conclusion
Getting appropriate health insurance is important across the U.S., including Arkansas. Beem is a platform for all things insurance, whether short-term medical plans, accident insurance, or critical illness coverage. You can obtain solutions that fit your budget, ensuring you receive quality care whenever needed.
Read Related Blog: Cheap health insurance in Michigan.
FAQs
Who offers the lowest health insurance rates in Arkansas?
Arkansas’s lowest health insurance rates can vary depending on age, location, and coverage needs. It’s advisable to compare quotes from different insurance providers to find the most affordable option.
How do you get free health insurance in Arkansas?
While there isn’t typically free health insurance available for everyone in Arkansas, you may qualify for Medicaid if your income is below a certain level. Some community health centers and non-profit organizations offer those in need free or low-cost healthcare services.
Which insurer has low deductibles and out-of-pocket costs in Arkansas?
Health insurance plans with low deductibles and out-of-pocket costs vary depending on the provider and plan. Generally, you’ll find lower deductibles and out-of-pocket expenses in plans with higher monthly premiums. It’s essential to compare different plans to find the one that best fits your budget and coverage needs.
