Best Arkansas Health Insurance (2024 Plans)

Octave has a MoneyGeek score of 94 out of 100, earning the top spot for Arkansas's best health insurance provider. Octave has good plan options that are more affordable, and they keep out-of-pocket costs low for people. It also rarely denies health care services claims compared to other competitors.

For our review, we looked at 25 Silver plans in Arkansas, including POS and PPO plan types.

Ambetter, with a MoneyGeek score of 74, provides the best health insurance in Arkansas for low out-of-pocket costs. This provider has affordable plan options, low out-of-pocket costs and a better-than-average history of approving claims.

For this analysis, we looked at four Gold POS and nine Gold PPO plans in Arkansas.

Octave is the best provider for cheap health insurance in Arkansas, earning a score of 92 out of 100. Octave offers plans with low rates and lower-than-average out-of-pocket expenses. It also denies fewer claims than most other providers.

For this analysis, MoneyGeek assessed 25 Silver plans in Arkansas, including seven Silver POS and 18 Silver PPO plans. In determining the best cheap provider, plans with lower monthly premiums were prioritized, although lower premiums usually mean higher out-of-pocket costs.

Octave has the best health insurance in Arkansas for those with low income, scoring 92 out of 100. This provider offers plans with lower rates and low out-of-pocket costs on top of denying fewer claims than other providers in the competition.

We looked at 25 Silver CSR plans in Arkansas, including seven POS and 18 PPO plans.

MoneyGeek focused on Silver CSR plans that help save money on monthly costs. These plans come with cost-sharing reductions if you earn less money, which means you don't have to pay as much when you get medical care. A normal Silver plan would pay for about 70% of your health care costs, but with a Silver CSR plan, you can get more of your costs covered if you make less money. Here's what you could expect:

• If you earn between $27,180 and $33,975 per year, your plan could cover about 73% of your health care costs.
• If you make between $20,385 and $27,180 per year, your plan could cover about 87% of your costs.
• If you make less than $20,385 per year, your plan could cover about 94% of your costs.

These percentages could differ if you have more or fewer people in your family.

With a MoneyGeek score of 81 out of 100, Octave provides the best health insurance for young adults in Arkansas. Octave has plans with lower out-of-pocket costs and better-than-average claims approval rates. Only people who are below 30 years old can sign up for Catastrophic coverage.

We checked out six Expanded Bronze POS plans and eight Expanded Bronze PPO plans for this review.

Health insurance companies provide different plans. In Arkansas, the best providers for all plan types available are:

• PPO: Ambetter (MoneyGeek score: 60 out of 100)
• POS: Octave (MoneyGeek score: 94 out of 100)

These recommendations were based on Silver plans. Silver plans are often chosen because they help balance what you pay every month when you visit the doctor. These plans work well for people who see the doctor not so often.

Arkansas has 18 Silver PPO plans and seven Silver POS plans for someone to choose from.

MoneyGeek’s study found that National General Accident & Health provides the best short-term health insurance in Arkansas, scoring 95 out of 100. Short-term health insurance plans provide temporary coverage and do not include vital health benefits as required by the Affordable Care Act.

The best health insurance in Arkansas varies based on individual needs and budget. To get the best health insurance plan for you, consider how much you’re willing to spend each month to avoid paying more out of pocket for care.

If you are 65 or older or have a qualifying illness or disability, you may qualify for Medicare, a government health insurance program intended to finance part of your medical costs. Medicare comprises three types of coverage:

• Part A (Hospital Insurance): This covers the cost of inpatient hospital and nursing facility stays, home health care services and hospice care.
• Part B (Medical Insurance): This is the medical insurance component of Medicare. It covers the cost of outpatient services, including preventative care and doctor’s appointments.
• Part D (Prescription Drugs Coverage): A prescription coverage component that pays the cost of prescriptions.

We scored the best Medicare Supplement and best Medicare Advantage plans in Arkansas to help consumers select the right option.

Residents with earnings below 138% of the federal poverty level may also apply for Medicaid, a government-funded program for low-income earners. You may also qualify for Medicaid if you're pregnant, responsible for a child 17 years and below or have a member in your household with a disability.

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 find better options.