INSURANCE DEDUCTIBLE LIMITS

Plain English Breakdown

The official source material does not provide details on what happens if an insurer violates the deductible limits.

Health Care Insurance Deductible Limits

This act sets limits on the maximum annual deductible amounts that health insurance companies can require for individual and family plans in Alaska.

What This Bill Does

• Sets a maximum deductible limit of $1,700 per year for individual health care plans.
• Sets a maximum deductible limit of $3,400 per year for family health care plans.
• Prohibits insurers from requiring deductibles higher than the set limits.

Who It Names or Affects

• People who have individual health insurance plans in Alaska.
• Families with health insurance plans in Alaska.

Terms To Know

Deductible

The amount of money a person must pay before their health insurance starts covering costs.

Limits and Unknowns

• Does not specify the consequences for insurers who violate the deductible limits.
• Only applies to health care insurance plans offered in Alaska.

Official Summary Text

INSURANCE DEDUCTIBLE LIMITS
An Act relating to health care insurance deductibles.

Current Bill Text

HB0294a -1- HB 294
New Text Underlined [DELETED TEXT BRACKETED]

34-LS1381\A

HOUSE BILL NO. 294

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - SECOND SESSION

BY REPRESENTATIVE GRAY

Introduced: 2/4/26
Referred: Labor and Commerce, Finance

A BILL

FOR AN ACT ENTITLED

"An Act relating to health care insurance deductibles." 1
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 2
* Section 1. AS 21.36 is amended by adding a new section to article 5 to read: 3
Sec. 21.36.530. Health care insurance deductibles. An insurer that offers, 4
issues for delivery, delivers, or renews a health care insurance policy may not require 5
an annual deductible that exceeds 6
(1) $1,700 for an individual plan; or 7
(2) $3,400 for a family plan. 8