Where do I shop for insurance in Alabama?
Alabama residents use the federal exchange, HealthCare.gov.
When is open enrollment for Alabama?
November 1, 2020 - December 15, 2020
Outside of that window, Alabama residents with qualifying events can still enroll or make changes to their coverage for 2021.
Participating insurance carriers in Alabama
- Blue Cross Blue Shield of Alabama
- Bright Health
What are the 2021 insurance rates for Alabama?
The benchmark monthly premium rate for 2021 increased 7.0% from 2020 to $484.
The benchmark rate is the second-lowest-cost silver plan for a 27-year old.
What are the best HRA options in Alabama?
Using a health reimbursement arrangement (HRA), employers can reimburse employees for premiums and out-of-pocket medical expenses, tax-free, using the following:
- Individual coverage HRA (ICHRA). The most flexible and customizable plan option lets employers offer different health benefits to different classes of employees and there is no limit to the amount an employer can contribute.
- Qualified small employer HRA (QSEHRA). The simplest to deploy and manage, a QSEHRA lets employers offer a single reimbursement plan to all employees up to a maximum amount adjusted each year for inflation.
- Group coverage HRA (GCHRA). Employers who offer group coverage can supplement the benefit by reimbursing employees for out-of-pocket expenses like copays and prescription costs. The GCHRA is a great way to make a high-deductible plan more effective or to create a feature-rich, luxury health package.
What are the enrollment statistics for Alabama health insurance?
- Individual health insurance. 159,820 residents enrolled in qualified health plans (QHPs) through the Healthcare.gov marketplace during the open enrollment period. Of these, roughly 95 percent receive premium subsidies. For 2021, the upper income limit for receiving subsidies is projected to be $51,040 for an individual and $104,800 for a family of four.
- Medicaid and CHIP. As of May 2020, 957,116 residents were enrolled in Medicaid or CHIP (Children’s Health Insurance Program).
- Medicare. As of August 2020, there were 1,059,950 beneficiaries of Medicare in Alabama.
Alabama health insurance resources
- Alabama Department of Insurance. Regulates health insurance companies, agents, and brokers.
- AIDS Alabama/Enroll Alabama.The federally-funded Navigator organization in Alabama.
- Alabama State Health Insurance Assistance Program. Assistance and counseling for Medicare beneficiaries.
- Alabama Medicaid Agency. Alabama state Medicaid office.
- All Kids – Alabama Public Health. Low-cost healthcare coverage for children and teens under age 19 who live in Alabama.
- KindHealth. Makes shopping for health plans easy.