Find the Cheapest Health Insurance Quotes in Your Area
In Connecticut, individual health insurance is available for purchase through the AccessHealthCT state exchange. Here you can find a policy that fits your medical needs and financial situation. After reviewing all health plans offered in the state, we found that the Choice Silver Alternative POS was the cheapest Silver plan available in five of the eight counties in Connecticut. In the other counties, the Silver PPO Pathway X Tiered was the most affordable plan. Health plans are provided by two companies in Connecticut: Anthem BlueCross BlueShield and ConnectiCare.
Cheapest Health Insurance Coverage by Metal Tier
To aid you in finding the best health insurance, we have compared plans at each level of coverage to find the most affordable policies in Connecticut. The table below shows the cheapest health insurance plans for each metal tier along with the deductible, out-of-pocket maximum and monthly premium for a 40-year-old. This should be used as your initial starting point for evaluating the plan that makes the most sense financially and that matches your medical needs.
|Metal Tier||Cheapest Plan||Deductible||Out-of-Pocket Maximum||Monthly Premium For A 40-Year-Old|
|Catastrophic||Choice Catastrophic POS||$7,900||$7,900||$192.55|
|Bronze||Passage Bronze Alternative PCP POS||$6,500||$7,900||$297.22|
|Silver||Choice Silver Alternative POS||$4,500||$7,900||$398.10|
|Gold||Gold HMO Pathway X Enhanced Tiered||$1,800||$7,900||$524.89|
Health insurance in Connecticut is broken into four different metal tiers: Catastrophic, Bronze, Silver and Gold. As you can see from the table above, lower tier plans like Catastrophic and Bronze have the smallest premiums but also the highest deductibles and out-of-pocket maximums. On the other hand, the Gold tier policies have the most expensive premiums but the lowest deductibles. For example, the premium for the Gold is $332 more than the Catastrophic plan but has a deductible that is $6,100 less.
One of the main determinants of your monthly premium will be your age. In the graph below we have compiled the average monthly premium for each tier of coverage depending on the age of the insured.
As you can see, a 40-year-old will pay 28%, or $109 per month, more for a Silver metal policy when compared to a 21-year-old. Policies become even more expensive as you get older, with 60-year-olds paying 112% more than 40-year-olds.
Finding the Best Health Insurance Coverage in Connecticut
When searching for the best health insurance, it is important to consider your level of income and expected medical expenses. Connecticut has expanded Medicaid to cover anyone that has a household family income of less than 138% of the federal poverty level. If you are not eligible for Medicaid coverage then you would purchase an individual health insurance policy through the state marketplace. Below we have provided details regarding each metal tier and who they are best suited for.
Gold Metal Tier: Best if You Expect High Medical Expenses
The Gold metal tier plan is best if you are older and expect to pay a lot in medical expenses during the year. Although these plans will cost the most, they have the lowest deductibles. This means that you will be able to reach the deductible quicker and then access coinsurance benefits with the insurer. The Gold metal tier would be best if, for instance, you need prescription drugs that are expensive and are required to be filled on a monthly basis.
Silver Metal Tier: Average Deductibles and Premiums
Silver metal tier plans have moderate deductibles and premiums when compared to the other tiers that are offered in Connecticut. For example, the average cost of a Silver plan for a 40-year-old is $501. This is $128 more expensive than the Bronze plan and $158 less than the Gold plan.
Silver plans are the only health insurance policies that are eligible for cost-sharing reductions if your household income falls below 250% of the federal poverty level. These deductions allow for discounts on the amount that you pay in deductibles, copays and coinsurance. Due to this benefit, if you are eligible, then the Silver plan can be more cost-effective when compared to the Gold plan.
Bronze and Catastrophic Metal Tier: Best for Young, Healthy Individuals
The cheapest policies available in Connecticut are the Bronze and Catastrophic tiers. These plans have the lowest premiums but also the highest deductibles and out-of-pocket maximums. For this reason, Bronze and Catastrophic are best if you are younger and have excellent health.
Bronze plans are available for anyone to purchase, but to buy a Catastrophic plan you must be under 30 years old or qualify for an exemption.
Short-Term Health Insurance in Connecticut
Short-term health insurance is available in Connecticut and can be useful to provide coverage if you are between jobs or missed open enrollment. Connecticut has added some regulations to short-term health insurance, including limiting the duration of these policies to six months and requiring that they cover the essential benefits. Essential benefits are required for all marketplace plans and allow people to receive coverage for services like prescription drugs, maternity and mental health care.
However, short-term health plans will require you to take a medical exam or answer a health questionnaire and typically do not cover any of your preexisting conditions.
Best Cheap Health Insurance Companies in Connecticut
In Connecticut, there are only two insurance companies that offer plans on the state health marketplace. This includes Anthem BlueCross BlueShield and ConnectiCare. Both companies offer policies in every county, therefore you have multiple competitive choices when trying to find a plan that fits your needs.
Cheapest Silver Plan by County
The cost of health insurance and the availability of plans will depend on the county of Connecticut that you live in. For example, for a 40-year-old living in Fairfield County, the Choice Silver Alternative POS has a monthly premium that is 23%, or $92, more than the premium for the same plan in Hartford. Below we have identified the cheapest Silver plan in each county.
|County||Cheapest Plan||Premium Adult, Age 21||Premium Adult, Age 40||Premium Adult, Age 60|
|Fairfield||Choice Silver Alternative POS||$383.35||$489.92||$1,040.41|
|Hartford||Choice Silver Alternative POS||$311.5||$398.1||$845.41|
|Litchfield||Choice Silver Alternative POS||$343.75||$439.31||$932.94|
|Middlesex||Choice Silver Alternative POS||$338.58||$432.71||$918.91|
|New Haven||Choice Silver Alternative POS||$350.86||$448.4||$952.23|
|New London||Silver PPO Pathway X Tiered||$344.27||$439.98||$934.35|
|Tolland||Silver PPO Pathway X Tiered||$344.27||$439.98||$934.35|
|Windham||Silver PPO Pathway X Tiered||$344.27||$439.98||$934.35|