Health Insurance

Best Cheap Health Insurance in Georgia 2021

Best Cheap Health Insurance in Georgia 2021

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The cheapest health insurance in Georgia in 2021 is either the Ambetter Balanced Care 11, Ambetter Balanced Care 29 or SoloCare Silver PPO 40017 Area 16. These plans are the cheapest Silver plans in 45% of Georgia's counties. However, depending on the county in which you live, there may be limited options for health insurance plans.

The state exchange provides access to cheap health insurance plans in Georgia, or you may qualify for Medicaid depending on your household income. To help you get started in your search for your best health plan, we analyzed all Silver plans in Georgia.

Cheapest health insurance by metal tier

The average health insurance premium is $489 per month in Georgia for a 40-year-old across all health plans. The cost of a 2021 health plan is only $1 more expensive per month than it was in 2020.

Cheapest health insurance companies in Georgia

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In addition to your chosen tier of coverage, your age is one of the most significant factors in determining health insurance prices. For instance, a 40-year-old would pay 28% more per month, on average, for the same health insurance plan than a 21-year-old in Georgia. This translates to an additional $115 per month for a Silver health plan but $144 per month for a Platinum health insurance policy.

We compared all health plans on the Georgia marketplace and identified those with the cheapest rates in each metal tier to help you determine the best policy for a given level of coverage. None of the insurers on the Georgia health insurance exchange are available in every county, so you may not have the option to choose from the policies listed below. But we recommend using them as a comparison point when reviewing the benefits, out-of-pocket costs and monthly rates of health plans.

Metal tier
Plan marketing name
Deductible
Maximum out-of-pocket
Cost for a 40-year-old
CatastrophicAnthem Catastrophic Pathway X HMO 8550$8,550$8,550$264
BronzeAmbetter Essential Care 1 (2021)$8,330$8,300$341
Expanded BronzeCareSource Marketplace Bronze$7,700$8,550$297
SilverCareSource Marketplace Low Premium Silver$6,000$8,550$416
GoldCareSource Marketplace Gold$2,000$6,500$415
PlatinumSoloCare Platinum Copay 40184 Area 1$0$8,550$603

As you can see above, the cost of health insurance varies significantly depending on the tier of coverage you choose. The cheapest Bronze policy is 22% cheaper in Georgia than a Silver policy, while the cheapest Gold policy is about the same price as the cheapest Silver.

Finding your best health insurance coverage in Georgia

The best health insurance in Georgia for you will vary depending on where you live, since this determines availability of insurers and policies. While the number of insurers available in a county varies, not all metal tiers of coverage are available in each county either — Catastrophic and Platinum health insurance plans may not be an option in your area.

Metal tier
Number of counties available
Catastrophic109
Bronze159
Silver159
Gold159
Platinum98

Higher metal tier policies, such as Gold and Platinum health plans, are typically the best choice if you expect to have high or consistent medical expenses throughout the year. Though these health insurance plans have more expensive monthly rates, their out-of-pocket expenses, such as deductibles and copays, are much lower. So if you need to use your health insurance, you'll have to pay less yourself before your policy provides coverage.

In contrast, Bronze and Catastrophic health insurance policies have the cheapest premiums, but highest cost-sharing features. For young, healthy shoppers who don't expect to use their medical coverage throughout the year, these policies will be the lowest cost. But we only recommend them if you would be able to cover the out-of-pocket costs following an emergency.

Silver health plans are a good middle ground if you expect to have moderate health care expenses, as they balance affordable rates and cost sharing. Silver policies are also likely to be the best cheap coverage if you have a low-income household, as these health plans qualify for cost-sharing subsidies.

Short-term health insurance in Georgia

Short-term health insurance is available to purchase in Georgia. The state follows federal regulations for these types of policies, meaning they have maximum lengths of one year and can be renewed up to 36 months. Short-term health insurance can be a good option if you missed open enrollment or are currently between jobs.

The federal regulations for short-term health insurance also do not require short-term health insurance plans to cover the essential health benefits. For this reason, if you know you will require certain services like maternity care, you should carefully choose a plan before purchasing short-term health insurance.

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Best cheap health insurance companies in Georgia

There are six health insurance companies on the Georgia state exchange — but in many parts of the state, you still won't be able to choose among insurers.

However, Alliant had the cheapest plans in 43% (or 67) of the state's counties. After Alliant, Ambetter offered the most affordable Silver plan in 54 of Georgia's 159 counties.

  • CareSource
  • Ambetter from Peach State Health Plan
  • Blue Cross Blue Shield Healthcare Plan of Georgia Inc.
  • Alliant Health Plans
  • Kaiser Permanente
  • Oscar Health Plan of Georgia

Cheapest health insurance plan by county

The county you live in will determine which insurers and health plans are available to you on the Georgia marketplace, as well as your cost of coverage. Prices for the same plan vary by region: The Ambetter Balanced Care 11 costs $448 in Lincoln County, while the same plan costs $473 in Bacon County.

To help you find the best health insurance policy, we analyzed all plans on the exchange and identified the cheapest Silver plan in each county. Below, you can see the lowest-cost plan alongside sample monthly rates for an individual, a couple and a family of three.

County
Cheapest plan
Age 40
Couple, age 40
Couple, age 40 + child
ApplingAmbetter Balanced Care 29 (2021)$442$883$1,147
AtkinsonSoloCare Silver PPO 40017 Area 11$448$897$1,165
BaconAmbetter Balanced Care 11 (2021)$473$947$1,230
BakerSoloCare Silver PPO 40017 Area 1$429$858$1,115
BaldwinSoloCare Silver PPO 40017 Area 16$433$867$1,126
BanksSoloCare Silver PPO 40017 Area 10$457$914$1,188
BarrowAnthem Silver Pathway X HMO 6250$427$854$1,109
BartowAmbetter Balanced Care 29 (2021)$448$896$1,165
Ben HillAmbetter Balanced Care 11 (2021)$460$919$1,194
BerrienAmbetter Balanced Care 11 (2021)$460$919$1,194
BibbSoloCare Silver PPO 40017 Area 16$433$867$1,126
BleckleySoloCare Silver PPO 40017 Area 16$433$867$1,126
Show All Rows

Average cost of health insurance by family size in Georgia

If you're purchasing a health insurance policy to cover your family, each person covered by the plan will increase the cost of coverage based upon their age, though children will be priced at a flat rate until they reach age 15. So, for instance, a 40-year-old couple in Georgia with two children would pay $631 more per month for a Silver health plan that covers their family of four than they would pay to cover just themselves. This is because each child costs an average of $315 to add to a Silver health insurance policy.

Family size
Average monthly cost of health plan
Individual + child$842
Couple age 40$1,054
Family of three (adult couple and a child)$1,369
Family of four (adult couple and two children)$1,685
Family of five (adult couple and three children)$2,000

Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Georgia.

Health insurance rate changes in Georgia

Health plan premiums are set by individual health companies. Once an insurer has decided on rates for the upcoming year, these are sent to the Georgia health insurance exchange for approval.

In Georgia, the average cost of a Silver health plan is just 1% more expensive in 2021 than it was in 2020. The cost of Platinum policies rose the most from 2020 to 2021, by 6% or $36 per month. Gold health insurance plans saw the most significant decrease in pricing (as it did in 2020, too) — rates are 6% lower than they were in 2020, or $31 cheaper per month for the average 40-year-old.

Metal tier
2020
2021
Change
Catastrophic$364$346-5%
Bronze$390$4003%
Expanded Bronze$443$433-2%
Silver$520$5271%
Gold$561$530-6%
Platinum$624$6606%

Rates are based on a 40-year-old adult.

Methodology

The rates and terms for health insurance plans referenced in this analysis were sourced from the Centers for Medicare & Medicaid Services (CMS) government website. ValuePenguin calculated the average cost of a policy by metal tier, family size and region by referencing data from CMS's Public Use Files (PUF).

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.

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