This post will enlighten you on the best low insurance in the US.
Best Low Cost Health Insurance in the US.
Before commenting on the best low-cost health insurance, you should know the average price of a health policy in the US. There are states, where an average monthly premium can be as low as $300 , while in other cases said premium can range between $400 and $780 .
For example, the average monthly cost of health insurance in the state of California is $550 ; this is a basic quote for a person between 28 and 40 years old. For its part, in California you can buy cheap health insurance through the State Insurance MarketPlace (online) or purchase a policy through Medicaid if your household income falls below 138% of the federal poverty level.
However, the picture may be a little different in other states and counties. Here are some examples of average monthly premiums in the states with the highest number of policyholders :
Arizona : $562
Arkansas : $672
Nevada : $593
Texas : $687
Oregon : $564
Florida : $653
Utah : $610
New York : $617
Georgia : $650
Virginia : $652
The above data is based on deductibles between $4,000 and $7,800 . Although, they have in common that all monthly premiums are part of Silver plans , both EPO (Exclusive Provider Organization) and HMO (Health Maintenance Organization).
Therefore, our ranking is based on Silver EPO and HMO plans, being the most affordable in the states where there is currently a greater number of insured.
Best Low-Cost Health Insurance: Overall Ranking
There are currently at least 5 insurers that sell low-cost health insurance (for individual plans) on the Health Insurance MarketPlace and they are:
Blue Cross Blue Shield.
1) Kaiser Permanente: Best for Health Savings Plans (HSAs)
# of policies available : 3 for each metal level.
States available : 8.
Overall Rating : 4.8/5.
Kaiser Permanente is one of the most trusted health companies in the United States. It offers medical care through its managed care organization and the Kaiser Foundation network of hospitals and medical centers.
Kaiser Permanente currently offers private health insurance to residents of: California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, Washington, and Washington DC. Plus, their network includes more than 23,000 participating doctors.
With Kaiser Permanente, you’ll have access to a variety of plan options , including all metals: Bronze, Silver, Gold, and Platinum. All plan types except gold and platinum offer the option to add a health savings account (HSA).
HSA options through Kaiser Permanente are available for high-deductible plans. Contributions are tax-free and can be used to help pay for qualified medical expenses, such as:
Primary and specialized care.
Physical and occupational therapy.
Dentistry and more.
Excellent Client service
Health Savings Account (HSA) option available.
Variety of health plans available.
Silver plans include HSA and additional vision and dental insurance.
Limited Coverage Areas
2) Blue Cross Blue Shield (BCBS): Best for Large Provider Network
# of policies available : 2 for each metal level.
States available : 50.
Overall Rating : 4.8/5.
BCBS health care organizations offer coverage nationwide, and six of their companies were listed among the top 15 health insurers by Insure.com. In addition, BCBS members have access to plans through health maintenance organizations (HMOs ), exclusive provider organizations (EPOs) , and preferred provider organizations (PPOs) .
On the other hand, BCBS PPO providers are so numerous that you’re likely to be close to one no matter where you live in the country. In fact, BCBS plans also give you access to HSAs and flexible spending accounts (FSAs) . With an FSA plan, you can save money tax-free for health insurance deductibles and other health-related expenses .
Regardless of where you live, BCBS will reach anywhere in the country with its large network of providers.
There are many policy options and there is a plan available no matter how much coverage you want.
A+ Financial Strength at AM Best.
Lower insurance premium benefits with a high deductible plan.
Clients have rated several BCBS companies less than 3.5 stars in Consumer Affairs.
There is difficulty in obtaining approval for medical procedures.
Specific requirements for the approval of some coverages.
Limited PPO options.
3) UnitedHealthCare: Best for Online Care
# of policies available : 4 (1) for each metal level.
States available : 50.
Overall Rating : 4.5/5.
UnitedHealthcare or UHC has an “A+” (excellent) financial strength rating from AM Best and is part of the UnitedHealth Group. Being the largest health insurer in the US.
It currently offers affordable individual and family insurance that complies with the Affordable Care Act (ACA). A really standout feature for UHC members is access to online care , including the ability to order prescriptions online, talk to a nurse through a hotline, and participate in wellness programs; all this through a computer or your smartphone.
HMO and PPO plans are available with access to HSAs and FSAs. Finally, they have an extensive preferred provider network of more than 1.3 million physicians and other health professionals . UHC also offers Medicare Advantage HMO and PPO plans.
Large PPO network.
Mobile app available.
Fully online medical services
Exclusive medical line 24/7
Mixed reviews on online customer support, experience may vary by provider.
Average or below overall customer satisfaction ratings at JD Power.