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MoneyGeek Logo IconBest Health InsuranceAlaska
2023

Best Health Insurance in Alaska

Best Overall for Health Insurance in Alaska

MoneyGeek’s study found that Moda Assurance Company is the best overall health insurance provider in Alaska, earning a MoneyGeek score of 100 out of 100. This company scored perfectly in all criteria – having the cheapest premium costs, lowest denial rate and affordable maximum out-of-pocket (MOOP) score.

We analyzed data from four Silver PPO plans in Alaska to determine the winner of this category.

MoneyGeek Pick: Moda Assurance Company

Moda Health

pros

Has the cheapest premiums

Low recorded denied claims

Lower maximum out-of-pocket (MOOP) costs compared to other providers

cons

No HMO plans offered

COMPANY HIGHLIGHTS

Moda Assurance Company is MoneyGeek’s pick for the best overall health insurance provider in Alaska. It offers two different PPO plans.

On average, Moda Assurance Company offers the cheapest premiums at around $750 per month. Its plans have relatively affordable high MOOP costs at $8,250. The average denial rate for this insurer is 7.88%, which is comparatively lower than most insurers. With Moda Assurance Company, consumers are more likely to have their claims covered.

Plan Recommendations

Moda Assurance Company offers two different Silver plans:

  • Moda Pioneer Alaska Standard Silver: approximately $739 per month; MOOP $8,900
  • Moda Pioneer Silver 4500: approximately $760 per month; MOOP $7,600

Best Health Insurance in Alaska for Low Out-of-Pocket Costs

If you’re looking for companies that allow you to opt for a low MOOP, Moda Assurance Company is the top pick in Alaska for this category. The company scored 70 out of 100 based on MoneyGeek’s rankings. The company also ranks the highest based on affordability and claims denial.

For this category, we analyzed five Gold PPO plans to find the best company.

MoneyGeek Pick: Moda Assurance Company

Moda Health

pros

Low denial rate for claims

Affordable monthly premiums

Various plan types to choose from

cons

High average MOOP cost

COMPANY HIGHLIGHTS

Moda Assurance Company offers two Gold plans in Alaska. The average MOOP cost of these plans is $7,350. This provider also offers competitively low average premiums for its health plans at $672 per month. It has excellent claims management, which means claims are rarely denied.

Plan Recommendations

We recommend the following health plans from Moda Assurance Company:

  • Moda Pioneer Gold 1500: around $674 per month; MOOP $6,000
  • Moda Pioneer Alaska Standard Gold: around $670 per month; MOOP $8,700

Best Cheap Health Insurance in Alaska

Moda Assurance Company provides the best affordable health insurance in Alaska, receiving a MoneyGeek score of 100 out of 100.

To find the cheapest companies, we put the most weight on affordability scores. Plans with lower monthly premiums, however, may come with higher out-of-pocket costs. This is an ideal option if you don’t expect to need too much care within the policy year.

We evaluated four Silver PPO plans to determine the company winner and plan recommendations for this category.

MoneyGeek also analyzed the cheapest health insurance in Alaska for those who just want the cheapest rates.

MoneyGeek Pick: Moda Assurance Company

Moda Health

pros

Offers the most affordable health plans

Low record of denying claims

Lower MOOPs than other insurers

Various plan types to choose from

cons

Doesn’t offer HMO plans

COMPANY HIGHLIGHTS

Moda Assurance Company has the cheapest average premium of $750 per month. The average MOOP cost for its health plans is $8,250. This provider also has an excellent record of processing policyholder claims.

Moda Assurance Company has two Silver plans offered in Alaska, all of which are PPO plans. Though often the most expensive option, PPO plans allow you to consult with primary care physicians outside your provider network.

Plan Recommendations

Our best affordable plans from Moda Assurance Company are:

  • Moda Pioneer Alaska Standard Silver: approximately $739 per month; MOOP $8,900
  • Moda Pioneer Silver 4500: approximately $760 per month; MOOP $7,600

Best Health Insurance for Low Income in Alaska

Scoring 100 out of 100, the best health insurance for Alaska residents with low income is Moda Assurance Company.

We filtered insurers that offer plans with cost-sharing reductions (CSRs) to give the highest scores to insurers with the lowest premiums.

A standard Silver plan pays around 70% of health care costs. This could come with high out-of-pocket costs, but CSRs reduce your MOOP and deductible if your income falls below certain thresholds of the Federal Poverty Level (FPL).

For example:

  • With an income between $33,980 and $42,475 per year (201% to 250% of the FPL), you can expect 73% coverage of health care costs.
  • Those who make $25,485 to $33,980 per year (151% to 200% of the FPL) can have a higher coverage of 87%.
  • If you make less than $25,485 per year (up to 150% of the FPL), you can expect to have 94% of your costs covered.

These income brackets can change depending on the number of people in your household.

We analyzed four Silver PPO plans for this category.

MoneyGeek Pick: Moda Assurance Company

Moda Health

pros

Affordable premiums for those with low income

Excellent insurer for claims management

Offers lower MOOP costs than competitors

Has various plan types

cons

Doesn’t offer HMO plans

COMPANY HIGHLIGHTS

Moda Assurance Company is an excellent option for Alaskans that have limited income or resources. At approximately $750 per month, with a MOOP limit of $7,025, consumers whose incomes fall between 201% and 250% of the FPL can purchase a health plan. Though with limited plan types (two Silver PPO plans), this is the cheapest option in Alaska for this particular bracket.

Plan Recommendations

The Moda Pioneer Alaska Standard Silver ranks as the best health insurance plan in Alaska for low income. You can typically get access to lower overall out-of-pocket costs for the same premium:

  • Between 201% to 250% of the FPL: approximately $739 per month; MOOP $7,200
  • Between 151% to 200% of the FPL: approximately $739 per month; MOOP $3,000
  • Up to 150% of the FPL: approximately $739 per month; MOOP $1,700

Best Health Insurance for Young Adults in Alaska

With a MoneyGeek score of 100 out of 100, Moda Assurance Company has the best health insurance for young adults in Alaska.

Bronze and Catastrophic plans, which typically have the cheapest premiums but the highest out-of-pocket costs, are the most suitable options for young adults. Catastrophic plans are offered to consumers that are 30 years or younger.

We rated the following number of plan tiers and types to find the best health insurance for young adults in Alaska:

  • Bronze: Two PPO plans
  • Expanded Bronze: Five PPO plans

MoneyGeek Pick: Moda Assurance Company

Moda Health

pros

Excellent record of claims acceptance

Affordable MOOP compared to similar providers

Premiums are more affordable than most insurers

Has various plan types to choose from

cons

Only offers PPO plans

COMPANY HIGHLIGHTS

Moda Assurance Company offers health insurance plans for young adults in Alaska at an average rate of $382 per month and $8,117 MOOP. This includes one Bronze Catastrophic HMO plan and two Expanded Bronze Catastrophic PPO plans. This company denies less than 10% of insurance claims, which is still below average.

Metal tiers dictate the amount of coverage you’ll have. Catastrophic, Bronze and Expanded Bronze tend to be popular among younger adults in good health who don’t need much coverage.

Plan Recommendations

Here are Moda Assurance Company’s best health plans for young adults:

  • Moda Pioneer Bronze HDHP 5500: approximately $322.67 per month for 18-year-olds and $362.67 per month for 26-year-olds; MOOP $7,000
  • Moda Pioneer Alaska Standard Bronze: approximately $351.67 per month for 18-year-olds and $394.33 per month for 26-year-olds; MOOP $9,100
  • Moda Pioneer Bronze 6500: approximately $348 per month for 18-year-olds and $390.33 per month for 26-year-olds; MOOP $8,250

Best Health Insurance by Plan Type in Alaska

Health insurance providers offer several plan types to accommodate each consumer’s needs. The best provider for PPO plan type in Alaska is Moda Assurance Company.

MoneyGeek’s rankings are limited to recommendations for Silver plans. This particular metal tier balances costs and coverage, which makes it an ideal health care coverage for most types of insurers at an affordable cost.

We reviewed a total of four PPO Silver plans from two companies in Alaska.

MoneyGeek Pick for PPO: Moda Assurance Company

Moda Health
COMPANY HIGHLIGHTS

Moda Assurance Company sells two PPO Silver plans in Alaska at an average rate of $750 per month, with a MOOP average of $8,250. This insurer got a perfect score on affordability, claims management, affordable MOOP and plan types.

A PPO Provider provides greater provider network flexibility than other plan types. Consulting with any primary care provider does not require referrals.

Plan Recommendations

Consider the following PPO Silver plans from Moda Assurance Company:

  • Moda Pioneer Silver 4500: approximately $760 per month; MOOP $7,600
  • Moda Pioneer Alaska Standard Silver: approximately $739 per month; MOOP $8,900

How to Find the Best Health Insurance for You in Alaska

The best health insurance provider in Alaska is Moda Assurance Company. 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.

  • doctor icon

    Understand when a health insurance plan will cover you

    In Alaska, there are only PPO plans available. When compared to HMO plans, PPO plans allow more flexibility when it comes to choosing a provider in or out of the network. However, these plans are often more expensive because of having a wider network.

  • money2 icon

    Weigh the cost of premiums vs. the cost of care

    Know that the cost of premiums will likely match the cost of care. Plans with lower monthly premiums usually have higher out-of-pocket costs. For example, Moda Assurance Company’s Moda Pioneer Alaska Standard Silver plan has an average plan rate of $739 and a maximum out-of-pocket cost of $8,900 within a year.

Consider Alaska Medicare or Medicaid if You’re Eligible

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:

  • Part A (Hospital Insurance): This will cover inpatient care, including hospital stays, home health care, nursing facilities and nursing care.
  • Part B (Medical Insurance): This will cover outpatient care, including doctor visits and other preventive services.
  • Part D (Prescription drug coverage): This will cover various prescribed medications.

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.

Frequently Asked Questions About Health Insurance in Alaska

MoneyGeek answered some frequently asked questions about the cost and availability of health insurance plan types in Alaska.

About Brenna Kelly, Licensed Health Insurance Agent


Brenna Kelly, Licensed Health Insurance Agent headshot

Brenna Kelly is a licensed health insurance agent and health insurance content manager at MoneyGeek. Licensed in Florida, Brenna is qualified to advise on medical insurance, disability, long-term care, critical illness, Medicare Supplements and Medicare Advantage Plans. She combines her experience in content production with expert insight into state, regional and local health insurance markets and policies. Brenna has also earned a Bachelor of Science and Master of Arts in Applied Sociology from the University of Central Florida.