Health Insurance

Best Cheap Health Insurance in Connecticut 2020

Find Cheap Health Insurance Quotes in Connecticut

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In Connecticut, individual health insurance is available for purchase through the AccessHealthCT state exchange. There, 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 Standard POS was the cheapest Silver plan available in half of the counties in Connecticut. In the other counties, the Silver PPO Standard Pathway X 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 tierCheapest planDeductibleMaximum out of pocketMonthly cost for a 40-year-old
BronzePassage Bronze Alternative PCP POS$6,500$8,150$309
SilverChoice Silver Standard POS$4,300$8,150$503
GoldGold HMO Pathway X Enhanced Tiered$1,750$8,150$486

Health insurance in Connecticut is broken into three different metal tiers: Bronze, Silver and Gold. As you can see from the table above, Bronze plans 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 $177 more than the Bronze plan but has a deductible that is $4,750 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.

Average Cost of Health Insurance CT

As you can see, a 40-year-old will pay 28%, or $119, more per month 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 $546. This is $131 more expensive than the Bronze plan and $116 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 meal tier: Best for young, healthy individuals

The cheapest policy available in Connecticut is the Bronze tier. These plans have the lowest premiums but also the highest deductibles and out-of-pocket maximums. For this reason, Bronze is best if you are younger and in excellent health.

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.

Find Cheap Health Insurance Quotes in Your Area

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Best cheap health insurance companies in Connecticut

In Connecticut, there are only two insurance companies that offer plans on the state health marketplace: 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 Connecticut county in which you live. For example, for a 40-year-old living in Fairfield County, the Choice Silver Standard POS has a monthly premium that is 18%, or $91, more than the premium for the same plan in Hartford. Below, we have identified the cheapest Silver plan in each county.

CountyCheapest planAge 40Couple, age 40
FairfieldChoice Silver Standard POS$593$1,187
HartfordChoice Silver Standard POS$503$1,006
LitchfieldSilver PPO Standard Pathway X$515$1,029
MiddlesexChoice Silver Standard POS$552$1,103
New HavenChoice Silver Standard POS$552$1,103
New LondonSilver PPO Standard Pathway X$515$1,029
TollandSilver PPO Standard Pathway X$515$1,029
WindhamSilver PPO Standard Pathway X$515$1,029
Sterling Price

Sterling Price is a research analyst at ValuePenguin specializing in health and life insurance. He graduated from Syracuse University with a bachelors degree in Finance and Accounting and has previous experience as a licensed life insurance representative.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.