Health Insurance

Best Cheap Health Insurance in Florida 2020

Find Cheap Health Insurance Quotes in Florida

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If you’re looking for your best health insurance plan in the state of Florida, you can find many affordable options on the Florida health insurance marketplace.

In 2020, the average cost of health insurance is $554 per month for a 40-year-old. This is a decrease of 4% from 2018 when the monthly cost was $575.

Blue Cross Blue Shield offers the best rates in the majority of the Florida and has offerings in every county. A plan that shoppers can begin looking at is the BlueOptions Silver 1410, a Silver plan that has the lowest premiums in a quarter of Florida counties.

Cheapest health insurance by metal tier

We compared the health insurance plans available on the Florida marketplace and identified the cheapest policy in each metal tier to help you find the best option for your chosen level of coverage.

The insurers and health plans you can choose from will vary depending on the county you live in, and not all of those listed below are available in every county. We recommend using these as a starting point when assessing the benefits and out-of-pocket costs you can expect from a health plan, as compared to monthly premiums.

Metal tierCheapest planDeductibleMaximum out-of-pocketMonthly cost for a 40-year-old
CatastrophicAdventHealth GYM ACCESS Catastrophic HMO 1748$8,150$8,150$198
BronzeGym Access IND Bronze HMO 1340$8,150$8,150$300
Expanded BronzeOscar Classic Bronze$5,500$8,150$313
SilverBlueSelect Silver 1443$7,000$8,150$405
GoldGym Access IND Gold HMO H.S.A 9010$1,500$4,000$446
PlatinumBlueSelect Platinum 1451$1,000$3,500$549

Aside from the level of coverage you choose, one of the most significant factors in determining health insurance rates is the age of each person insured.

As you can see below, a 21-year-old will receive 22% cheaper prices for health insurance in Florida, on average, than a 40-year-old for the same metal tier plan. Whereas a 60-year-old would pay 112% higher monthly premiums.
Average Monthly Cost of Health Insurance Plans by Metal Tier in Florida

Finding your best health insurance plans in Florida

Remember, premiums are not the only cost component when it comes to your health care. Out-of-pocket costs in the form of deductibles, copays and coinsurance are just as important to compare when you shop.

The best cheap health insurance plan for you and your family will depend on your income level and expected health care needs.

Households with higher expected medical costs should opt for plans with higher cost-sharing benefits, while those who expect to be relatively healthy or to need little to no routine care should look toward cheaper plans.

Average consumers should start by browsing Silver plans

Unless you’re extremely healthy or know you’ll have medical expenses, we advise that you begin your shopping process by looking at the Silver metal tiered health insurance plans. These are the plans that the exchange offerings are generally benchmarked off of, and they occupy a good middle ground between premiums you are guaranteed to pay and cost-sharing responsibilities that you will incur if you have any medical expenses.

The Silver plans are also the only plans on the Florida exchange that make you eligible for cost-sharing reductions that further reduce your copays, coinsurance and deductibles if you have a household income under 250% of the federal poverty level.

In such a case, these plans can actually offer more benefits than higher-priced Gold and Platinum plans but at a much lower premium.

Younger and healthier households can look to Bronze and Catastrophic plans

Bronze and Catastrophic plans will have the lowest premiums available, but come at the cost of extremely high deductibles. Many of the plans in this metal tier will have their cost sharing near the maximum limits, meaning that you will first need to meet thousands of dollars of fees before the health plans benefits really start kicking in.

These types of health insurance policies really only make sense if you want coverage for extremely costly emergencies and have little to no need for routine care. Catastrophic plans are only available for those individuals under the age of 30.

Health insurance rate changes in Florida

Health insurance rates, deductibles and out-of-pocket maximums are set yearly by health insurance companies. These plans are then sent to the federal exchange to be approved for the following plan year.

In Florida, the largest increase in health insurance costs was in the lowest metal tier plan — Catastrophic — which has increased by nearly 12% or $28 since the 2018 plan year.

Conversely, Silver plans have decreased during the same time period — a fall of 2.5%.

Metal tier2018 Premium2020 Premium% Change
Catastrophic$241$26911.81%
Bronze$388$4013.42%
Expanded Bronze$416$4344.36%
Silver$598$584-2.42%
Gold$646$624-3.36%
Platinum$850$825-2.88%
2018 and 2020 premiums are for a 40-year-old adult.

Short-term health insurance in Florida

Florida follows the same regulations set by federal guidelines for short-term health insurance. This allows for the plans to provide coverage for up to 12 months and be renewable for up to 36 months. Furthermore, short-term plans do not need to cover the essential benefits that all marketplace Obamacare plans must cover.

This includes services like maternity, hospitalization, mental health and prescription drugs.

You may want to consider purchasing short-term health insurance if you lose employer-sponsored coverage or miss open enrollment for an ACA marketplace policy. However, it is important to note that short-term plans will require medical underwriting and typically do not provide coverage for preexisting conditions.

Find Cheap Health Insurance Quotes in Your Area

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Best cheap health insurance companies in Florida

There are currently 9 health insurance providers offering plans on the Florida marketplace. This is an increase from the 6 providers that were available during the previous plan year.

  • Blue Cross and Blue Shield of Florida
  • Celtic Insurance Company
  • Health Options, Inc.
  • Health First Commercial Plans, Inc.
  • Florida Health Care Plan, Inc.
  • Oscar Insurance Company of Florida
  • Molina Healthcare of Florida, Inc
  • Bright Health Insurance Company of Florida
  • Cigna Health and Life Insurance Company

Blue Cross and Blue Shield is the only health insurance company available in every county in Florida, and in some counties, including Calhoun, it will be the only insurer available.

Cheapest health insurance plan by county

As we mentioned above, Silver plans are where we advise the average consumer to begin their shopping process. To help you, we’ve listed the cheapest Silver health plan for each Florida county, as well as sample prices for different sized families.

These premium estimates are unsubsidized and for a single individual. Depending on your income, you will likely see even lower prices once you account for the tax credits.

CountyCheapest PlanAge 40Couple, Age 40Couple, Age 40 + Child
AlachuamyBlue Silver 2017$463$926$1,203
BakerBlueSelect Silver 1443$479$959$1,246
BayBlueSelect Silver 1443$413$826$1,073
BradfordBlueCare Silver 1477$548$1,097$1,425
BrevardAmbetter Balanced Care 12 (2020)$427$854$1,110
BrowardOscar Saver Silver$424$847$1,101
CalhounBlueOptions Silver 1410$612$1,224$1,590
CharlotteAmbetter Balanced Care 12 (2020)$423$847$1,100
CitrusmyBlue Silver 2017$436$872$1,133
ClaySilver 1$441$882$1,146
CollierBlueCare Silver 1477$449$897$1,166
ColumbiaBlueCare Silver 1477$576$1,152$1,497
DesotoBlueCare Silver 1477$575$1,151$1,495
DixieBlueCare Silver 1477$601$1,202$1,562
DuvalSilver 1$440$880$1,144
EscambiaBlueSelect Silver 1443$426$852$1,107
FlaglerOscar Saver Silver$472$944$1,226
FranklinBlueOptions Silver 1410$639$1,279$1,662
GadsdenBlueOptions Silver 1410$703$1,407$1,828
GilchristBlueCare Silver 1477$584$1,168$1,518
GladesBlueOptions Silver 1410$774$1,548$2,011
GulfBlueSelect Silver 1443$405$809$1,052
HamiltonBlueOptions Silver 1410$705$1,410$1,832
HardeeBlueOptions Silver 1410$849$1,697$2,205
HendryBlueCare Silver 1477$568$1,136$1,476
HernandoBlueSelect Silver 1443$429$857$1,114
HighlandsBlueSelect Silver 1443$464$927$1,205
HillsboroughSilver 1$432$865$1,124
HolmesBlueOptions Silver 1410$619$1,239$1,610
Indian RiverBlueSelect Silver 1443$430$861$1,118
JacksonBlueOptions Silver 1410$622$1,244$1,616
JeffersonBlueOptions Silver 1410$730$1,460$1,897
LafayetteBlueOptions Silver 1410$636$1,272$1,653
LakeBlueSelect Silver 1443$431$863$1,121
LeeBlueCare Silver 1477$608$1,216$1,580
LeonBlueOptions Silver 1410$634$1,269$1,649
LevyBlueCare Silver 1477$552$1,104$1,435
LibertyBlueOptions Silver 1410$659$1,319$1,713
MadisonBlueOptions Silver 1410$624$1,247$1,621
ManateeAmbetter Balanced Care 12 (2020)$430$860$1,117
MarionBlueSelect Silver 1443$423$846$1,099
MartinmyBlue Silver 2017$442$885$1,150
Miami-DadeOscar Saver Silver$445$889$1,155
MonroeBlueOptions Silver 1410$843$1,686$2,190
NassaumyBlue Silver 2010$572$1,145$1,487
OkaloosaBlueSelect Silver 1443$436$872$1,133
OkeechobeeAmbetter Balanced Care 12 (2020)$433$866$1,126
OrangeSilver 1$465$930$1,208
OsceolaSilver 1$451$901$1,171
Palm BeachSilver 1$436$873$1,134
PascoSilver 1$452$904$1,174
PinellasSilver 1$457$913$1,187
PolkAmbetter Balanced Care 12 (2020)$466$933$1,212
PutnamAmbetter Balanced Care 12 (2020)$452$903$1,174
Saint JohnsIND Silver HMO BC 7741$419$839$1,090
Saint LuciemyBlue Silver 2017$458$916$1,190
Santa RosaSilver 1$442$883$1,147
SarasotaBlueSelect Silver 1443$431$863$1,121
SeminoleSilver 1$452$904$1,175
SumterBlueSelect Silver 1443$434$869$1,129
SuwanneeBlueCare Silver 1477$565$1,130$1,468
TaylorBlueCare Silver 1766S$613$1,226$1,593
UnionBlueOptions Silver 1410$712$1,423$1,849
VolusiaSilver 1$455$909$1,181
WakullaBlueOptions Silver 1410$731$1,462$1,899
WaltonAmbetter Balanced Care 12 (2020)$439$878$1,141
WashingtonBlueOptions Silver 1410$627$1,254$1,629

Average cost of health insurance by family size in Florida

The total cost of a health insurance policy will take into account the age of each person insured. For instance, the average premium for a Silver health plan in Florida is $576 for a 40-year-old, while children age 14 and younger cost $345 for coverage.

So a family of four would have $345 cheaper premiums in total than a family of five, on average, assuming two adults are on the policy. But they would pay $690 more per month for health insurance than a couple with no children.

Family SizeAverage monthly cost of health plan
Individual + Child$921
Couple Age 40$1,152
Family of three (Adult couple and a child)$1,497
Family of four (Adult couple and two children)$1,841
Family of five (Adult couple and three children)$2,186
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Florida.

Methodology

Health insurance premiums, deductibles and out-of-pocket maximums for Florida were compiled through the Centers for Medicare & Medicaid Services (CMS) government website. ValuePenguin used the Public Use Files (PUF) to calculate average premiums by metal tier, county and family size.

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.