Changes are coming to Arkansas SHOP. Current Arkansas SHOP account holders have been notified of these changes in an August 2 letter. As of the deadline for Plan Year 2018, no Issuers indicated an interest in Arkansas SHOP participation. Therefore, effective September 1, 2017, access to existing SHOP enrollment and account management portals will no longer be available and Arkansas SHOP will begin transitioning existing SHOP account holders to direct relationships with their coverage provider – Arkansas Blue Cross & Blue Shield and BESTLife Dental.
Arkansans wishing to purchase health insurance have until Tuesday, January 31 to sign up on the state’s My Arkansas Insurance Individual Marketplace. Uninsured Arkansans may face federally mandated penalties on 2017 tax returns of up to $695 per person.
Open enrollment for the state’s My Arkansas Insurance individual health insurance marketplace is still underway but ends on January 31. Arkansans who do not have health insurance may face substantial federally mandated penalties on 2017 tax returns.
No matter what age or stage of life, the risk of catastrophic injury or illness is exponentially greater than any funds saved on insurance premiums. Think long term and protect yourself with quality and comprehensive health insurance.
At 26, you are officially nudged off the edge of that fluffy cloud that is your parents’ health insurance plan and into a world that not only expects but requires you to stand on your own two feet, financially speaking.