Arkansas residents can sign up for affordable health coverage through the state health insurance exchange, and Medicaid provides free or low-cost coverage to those who qualify based on income.
For 2023, the average monthly cost of health insurance in Arkansas is $476 for a 40-year-old.
We analyzed all of the health insurance policies on the state exchange and found that the Ambetter CMS Standard Silver is the cheapest Silver plan in Arkansas and available in 22 of the state’s 75 counties. Although this may be the lowest-cost Silver health plan, you may want to purchase a plan in a different metal tier, as the best health insurance policy for you depends on your medical and financial situation.
We compared health insurance plans in Arkansas to find the cheapest policy
available for each tier of coverage. The available insurers and policies may change depending on the county you live in, but the table below serves as a good starting point in comparing the costs and benefits you can expect from a given metal tier.
For example, the Ambetter Clear Bronze plan has a monthly premium of $354 for a 40-year-old in Arkansas, which is $57 less than the premium for the Ambetter CMS Standard Silver plan. But the Bronze plan’s lower monthly rate comes at the expense of higher out-of-pocket costs such as copays and deductibles.
|Bronze||Ambetter Clear Bronze||$354||$8,600||$8,600|
|Silver||Ambetter CMS Standard Silver||$411||$5,800||$8,900|
|gold||Ambetter CMS Standard Gold||$491||$2,000||$8,700|
Metal tier and age are both important factors that affect your monthly health insurance premium. Higher metal tier policies have higher monthly rates, but they also have lower out-of-pocket costs, meaning you pay less when you need to use your health insurance. With all metal tiers, as your age increases, your monthly