Arkansas Medical Insurance Plans

Medicare Supplement Insurance (Medigap) Policies

The state flag of Arkansas | Arkansas Medicare Insurance Plans

Arkansas does not mandate plan providers to sell Medicare Supplement Insurance (also called Medigap) policies to Medicare recipients under age 65. However, in 2015 there are two insurance companies offering Medicare Supplement Insurance policies for qualifying individuals under 65: Liberty National Life Insurance Company and United American Insurance.

Mini-COBRA Policies (Small Group)

Arkansas state law requires small employers (less than 20 employees) to offer COBRA continuation coverage for 120 days to employees who were covered under the company group insurance plan for at least three months immediately prior to coverage ending.

Arkansas Medicare Savings Program

Arkansas offers Medicare Savings Programs that individuals who qualify may apply for through Access Arkansas.

The following data is from 2016 and is based on federal amounts.  These amounts may increase in 2017.  If your income and resources are slightly higher, you should still apply, you may qualify for benefits even if your income is higher than the limits listed.*

  • Qualified Medicare Beneficiaries (QMBs): For individuals with a monthly income under $1,010 or couples with a monthly income under $1,355 who are receiving or are eligible for Medicare Part A, the state pays all premiums and deductibles for Medicare Parts A and B, Medicare Part A copayments, Medicare Part B coinsurance, and the Part B late enrollment penalty (if applicable).
  • Specified Low-Income Medicare Beneficiaries (SLMBs): For individuals with monthly income under $1,208  or couples with monthly income under $1,622 who are receiving Medicare Parts A and B, the state pays the Medicare Part B premium and the Part B late enrollment penalty (if applicable).
  • Qualified Individuals (QIs): For individuals with monthly income under $1,357 or couples with income under $1,823 per month who are receiving Medicare Parts A and B, the state pays the Medicare Part B premium and the Part B late enrollment penalty (if applicable).

*Data from www.medicare.gov

**According to Secure.ssa.gov, you should be aware that several States may even disregard all resources for individuals or couples in certain categories.

Arkansas Senior Health Insurance Information Program (SHIIP)

The Arkansas SHIIP is a free one-on-one counseling service to help Medicare beneficiaries and their families and caregivers understand their Medicare options. It is an independent organization made possible by federal funding with no ties to health insurers. Arkansas SHIIP is staffed with trained volunteers who provide expertise in Medicare benefit programs and assistance with applications.

Low-Income Subsidy (Extra Help) for Prescription Drugs

In 2016, you may qualify if you have up to $17,820 in yearly income ($24,030 for a married couple) and up to $13,640 in resources ($27,250 for a married couple).

If you live in Arkansas and have questions about the benefits listed above and how to choose the health care coverage that is best for you, consult with one of our Medicare Solutions licensed sales agents for customized help. Our licensed sales agents can help you compare plans in your area to ensure you find the Medicare insurance benefits that are right for your needs.