The Health Insurance Marketplace is sometimes known as the health insurance “exchange.” It is a state’s price comparison website for subsidized health insurance.

 

Each state has its own Marketplace. In Alaska, you can access yours at HealthCare.gov

 

The Exchange gives consumers the opportunity to compare prices and plans before applying. You can get quotes immediately and compare plans side by side.

 

Health Insurance plans are divided in metallic tiers:

 

The official ObamaCare enrollment period ended on March 31, 2014. Important Notice: Its urgent, to avoid future fines and penalties, to sign up for health insurance under the Affordable Health Care Act.

 

Alaska Individuals & Families: Find out the most cost efficient healthcare insurance for you.

 

Bronze Plans

 

This is the plan available that carries the lowest monthly premium cost. It has the lowest premiums and the lowest actuarial value. The actuarial value of a bronze plan is 60%. This means that 60% of medical costs are paid for by the insurance company, leaving the other 40% to be paid by you.

 

Silver Plans

 

This is the plan available that carries the second lowest monthly premium cost. It has an actuarial value of 70%. This means that 70% of medical costs are paid for by the insurance company, leaving the other 30% to be paid by you.

 

Gold Plans

 

This is the plan available that carries the second highest monthly premium cost. It has an actuarial value of 80%. This means that 80% of medical costs are paid for by the insurance company, leaving the other 20% to be paid by you.

 

Platinum Plans

 

This is the plan available that carries the highest monthly premium cost. The Platinum plan, has an actuarial value of 90%. This means that 90% of medical costs are paid for by the insurance company, leaving the other 10% to be paid by you.

 

What if I can’t afford it?

 

The Marketplace will let you know if you can get lower costs based on your income and household-size.

 

This way you can choose the combination of price and benefits that fits your budget and meets your needs.

 

You may be eligible for an Advanced Tax Credit, Cost Sharing, Medicaid or CHIP.

 

ObamaCare subsidizes those with incomes ranging from 139% to 400% of the FLP.

 

It also helps to make Medicaid and CHIP available for those below the 139% mark.

 

In 2013 400% FPL was:

 

  • $45,960 for single person.
  • $62,040 for a family of two.
  • $78,120 for a family of three.

 

Subsidies are given as refundable tax credits.

 

Where can I find help?

 

You can find help online at HealthCare.gov, by phone at 1-800-318-2596/TTY 1-855-889-4325 and in your community at localhelp.healthcare.gov

 

ObamaCare By State