Best Alaska Health Insurance (2023 Plans)

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.

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.

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.

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.

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

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.

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.

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.

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