Updated: November 21, 2024
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Best Health InsuranceAlaskaBest Health Insurance in Alaska
Why Trust MoneyGeek? We downloaded plan data for Alaska directly from the Centers for Medicare & Medicaid Services (CMS). MoneyGeek’s scoring methodology balances costs, claims approval and plan types to find the best providers in the state.
Plan data was updated with the CMS exchange data released in October 2023 for the 2024 enrollment period.
Moda, with a MoneyGeek score of 100 out of 100, offers the best health insurance in Alaska. Moda provides plan options with excellent rates, low out-of-pocket costs and an impressive record of not denying claims often.
For this review of health insurance in Alaska, four Silver PPO plans were examined.
Affordable premium rates
Low out-of-pocket costs
Very few denied claims
Diverse plan options available
MoneyGeek's top pick for the best health insurance in Alaska is Moda. This provider offers two Silver PPO plans with an average monthly rate of $885. The average MOOP cost for these plans is $7,750.
Moda offers Silver PPO plans, which typically include more out-of-network coverage. This company offers an average plan rate of $873. The average maximum out-of-pocket cost for these plans is $8,425.
The provider has a denial rate of 15%, meaning customers have a high chance of covering their claims. MoneyGeek recommends the following Silver plans:
With a MoneyGeek score of 70 out of 100, Moda has the highest score for health insurance in Alaska. This insurer offers the most affordable plan options and has a better record than average for not denying claims. Moda could have scored better on out-of-pocket costs, though.
In Alaska, five Gold PPO plans were evaluated for this analysis.
Rarely denies claims
Affordable premium rates
Diverse plan options offered
Potential for high out-of-pocket expenses.
MoneyGeek's top pick for the best health insurance in Alaska for low out-of-pocket costs is Moda. It offers two Gold PPO plans, known for having lower out-of-pocket costs. PPO plans usually give you more choices of doctors and hospitals because they have more out-of-network coverage. Moda offers an average plan rate of $786 and an average maximum out-of-pocket cost of $7,350 for these plans.
Moda has a denial rate of 15%, lower than most other providers. MoneyGeek recommends the following Gold and Platinum plans:
Moda, earning a MoneyGeek score of 100 out of 100, is Alaska's best cheap health insurance provider. The provider offers affordable plan options, lower average out-of-pocket expenses and denies claims less often than other providers.
For this category, we evaluated four Silver PPO plans in Alaska. Although our analysis focused on silver plans with lower monthly premiums, it's also worth knowing that plans with lower premiums may have higher out-of-pocket costs.
Highly affordable premium rates
Very low out-of-pocket costs
Very few claims denied
Diverse plan options available
MoneyGeek's top pick for the best cheap health insurance in Alaska is Moda. There are two Silver plans offered by Moda, which can help Alaskans find a health care plan that fits their budget.
Moda provides Silver PPO plans. These plans have more coverage when you visit a doctor or hospital outside the network. On the other hand, Moda doesn't offer EPO in the Silver category.
This insurer has an average plan rate of $873. Moda's Silver PPO plans have an average maximum out-of-pocket cost of $8,425. The insurer has a denial rate of 15%, lower than most competitors.
MoneyGeek recommends the following cheap Silver plans:
Receiving a MoneyGeek score of 100 out of 100, Moda is the best health insurance provider for low-income people in Alaska. This insurer has plans with lower-than-average rates, minimal out-of-pocket costs and a low percentage of claim denials.
In Alaska, we evaluated four Silver CSR PPO plans. To decide the best option, we focused on plans with affordable monthly payments and those with cost-sharing reductions (CSRs). These make it easier for people who don't make much money to have lower deductibles and out-of-pocket costs. Generally, a regular Silver plan pays for about 70% of health care costs. But for CSR Silver plans, the percentage depends on your income:
These income levels change depending on the number of people living in your home.
Low premium rates
Low out-of-pocket costs
Very few claims denied
Wide selection of plan types
MoneyGeek's top pick for the best health insurance in Alaska for low-income Alaskans is Moda. The provider offers cost-effective plans for people earning below 250% of the Federal Poverty Level (FPL). Moda has two Silver CSR plans at an average cost of $873 per month and an average MOOP of $7,025.
Moda offers EPO but no PPO or POS plans. EPO plans from this company typically have lower premiums. The company's denial rate is 15%, which means they approve claims more frequently than most competitors.
Plan Recommendations
Moda's top-rated plan offers lower out-of-pocket expenses for the same premium for people in different income brackets.
Here are some of the lower overall out-of-pocket costs based on income levels:
Moda, with a MoneyGeek score of 70 out of 100, provides the best health insurance for young adults in Alaska.
Moda has affordable plan options, does not deny claims more often and has higher average scores than other providers. Only individuals under the age of 30 can get Catastrophic coverage.
We evaluated one Bronze PPO plan and six Expanded Bronze PPO plans for this category.
Exceptionally low claim denial rates
Affordable premium rates
Diverse plan offerings
Out-of-pocket costs can be high
Moda is MoneyGeek's top pick for the best health insurance in Alaska for young adults. The insurer offers two Expanded Bronze plans and one Bronze plan. It provides PPO plans, which often include more out-of-network coverage.
Moda offers an average plan rate of $401 and an average maximum out-of-pocket cost of $9,217 for these plans. The company has a denial rate of 15%, lower than most of the competition.
MoneyGeek recommends the following plans for young adults:
Health insurance companies have different plans. The best providers for all plan categories available in Alaska are:
MoneyGeek's recommendation is only to use Silver plans. These plans provide a balance between what you pay each month and what you pay when you get care. They are a good choice if you seldom go to the doctor. In Alaska, there are four Silver PPO plans.
MoneyGeek's top pick for the best health insurance in Alaska for Silver PPO plans is Moda. They offer an average plan rate of $873. Silver PPO plans from this insurer have an average maximum out-of-pocket cost of $8,425. The provider denies fewer claims than average.
Silver PPO plans are popular because you can choose your doctors without needing a referral to visit a specialist. They have more doctors and hospitals that you can see. But, like HMOs, these plans might cost more money than other types. So, they're good if you want more choices and can afford them.
We suggest the following Silver PPO plans from Moda:
The best health insurance provider in Alaska is Moda Health. However, the ideal option for each person will vary based on their budget and health care needs. When shopping for health insurance, it’s important to keep these factors in mind.
Understand when a health insurance plan will cover you
In health insurance, in-network means the doctors and hospitals that have a deal with your insurance company. You usually pay less to see these doctors. Out-of-network means the doctors and hospitals that don't have a deal with your insurance company. Seeing these doctors can cost you more money. Some plans let you see out-of-network doctors but they may cost more or cover less of the bill.
In Alaska, health plans come in different types. Plans that let you see more out-of-network doctors usually cost more. Plans that don't allow you to visit out-of-network doctors and health care facilities usually cost less. You have to decide if you want to pay more for more choices or pay less but have fewer doctor choices. In Alaska, there are four PPO plans available.
Weigh the cost of premiums vs. the cost of care
When you look for health insurance, think about how much you might spend each month and the most you'd have to pay in a year if you got really sick. The best plan for you depends on these costs and what you need from your insurance. Some plans let you pay less every month, but if you get sick, you could pay more for the doctors and hospitals you need. Other plans cost more each month, but if you use a lot of medical care, you won't have to pay as much during the year.
For example, the Moda Pioneer Silver 4500 plan has a lower MOOP of $7,750. Its monthly cost is $885 which is more compared to some other Silver plans. A plan like this might be good for someone who goes to the doctor a lot because it could save them money over the year, even though it costs more each month. This plan could be great if it also gets you into good doctors and hospitals.
Medicare is a federal health insurance program for adults 65 and older with a qualifying illness or disability that offers subsidized health care services for qualified individuals.
There are three parts to Medicare:
MoneyGeek also provides resources for finding the best Medicare Supplement plans in Alaska.
In addition to Medicare, another federal program called Medicaid provides assistance to people with income that falls below a state-specified threshold. In Alaska, individuals whose income falls below 133% of the Federal Poverty Level (FPL) for your specific household size may be able to qualify for Medicaid.
Finding an ideal health insurance plan can be complicated due to concerns about price and availability. MoneyGeek answers some frequently asked questions to help you research options.
The best health insurance in Alaska for 2024 is provided by Moda Shield. However, the best choice for you will depend on your unique circumstances and needs.
A plan with reasonable prices and sufficient coverage is what you should be looking for. Despite offering reduced prices, some plans and companies might only offer a few services that may not suit all your medical needs. Your unique needs will determine what the best health insurance plan for you is.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
