This bill amends Alaska's health care insurance regulations by introducing a new section that limits the annual deductibles that insurers can impose on health care insurance policies. Specifically, it stipulates that insurers may not require an annual deductible that exceeds $1,700 for individual plans and $3,400 for family plans.

The intent of this legislation is to make health care more affordable for individuals and families by capping the amount they must pay out-of-pocket before their insurance coverage begins. This change aims to alleviate financial burdens on policyholders and ensure that health care remains accessible.

Statutes affected:
HB0294A, AM HB 294, introduced 02/04/2026: