Best Cheap Health Insurance in Louisiana 2019

Find the Cheapest Health Insurance Quotes in Your Area

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Louisiana residents can find affordable health insurance plans on the federally run state health insurance exchange or through Medicaid. But the best health insurance policy for you depends on where you live and the coverage you choose to fit your needs. Finding the right plan for you may be difficult, so we researched all health insurance plans in Louisiana and found that depending on the parish you lived in, the Blue POS 80/60 $3200, Blue Connect 80/60 $3200, or Community Blue Copay 70/50 $2100 was the cheapest. The Blue POS 80/60 $3200, for instance, was the lowest cost plan in over half the state's counties, but in New Orleans, the Blue Connect 80/60 $3200 was the cheapest policy available.

Cheapest Health Insurance by Metal Tier

Finding the best health plan with the coverage to fit your needs can be challenging, so we compared health insurance plans in Louisiana by metal tier in order to determine the cheapest policies available for each level of coverage. The insurers and policies below may not be available in your region, but can be used as a starting point in determining the costs and benefits you can expect from a given metal tier. For example, the Blue Connect 80/60 Silver plan has a minimum monthly premium of $396 for a 40-year-old in Louisiana, which is $113 less than the minimum monthly premium on a Gold plan. In exchange for this lower rate, you would have to pay more out of pocket—the Silver health plan's deductible, for instance, is $2,200 greater than the Community Blue Copay 80/60 Gold plan.

Metal TierCheapest PlanDeductibleOut-of-Pocket MaximumMonthly Cost for a 40-Year-Old
BronzeBlue Connect 70/50 $4,500$4,500$7,350$333
Expanded BronzeEssential Individual Bronze 6500$6,500$7,350$451
SilverBlue Connect 80/60 $3,200$3,200$6,600$396
GoldCommunity Blue Copay 80/60 $1000$1,000$7,350$509
PlatinumFreedom Individual Platinum$0$1,500$777

Two factors that greatly affect your monthly health insurance premiums are metal tier and age. The metal tier, or coverage tier, affects how much money you pay out of pocket. The higher the coverage tier, the lower your cost sharing in terms of deductibles, copays or coinsurance—but this also means higher monthly premiums.

On the other hand, as your age increases, the monthly health insurance rates you would have to pay increase regardless of metal tier. A 40-year-old, for instance, would have a 53% cheaper health insurance rate than a 60-year-old for all metal tier plans in Louisiana. This translates to $525 per month in savings with a Bronze plan, or $731 per month Silver health plan.

Average Monthly Cost of Health Insurance Plans by Metal Tier in Louisiana

Finding the Best Health Insurance Coverage in Louisiana

Depending on the parish you live in, the best cheap health insurance plan in Louisiana changes because the availability and cost of policies varies depending on region. Higher metal tier health plans, like Platinum and Gold plans, come with lower out-of-pocket expenses, like deductibles, copays and coinsurance, but have a higher monthly premium. These plans can be good for those with chronic medical conditions that incur high medical costs or those who get sick often. On the other hand, if you're young and healthy—and have the financial means to cover a higher portion of the medical costs in the event of an emergency—a lower metal tier health plan may be the better choice to lower your costs.

Platinum and Gold Plans: Best for High Expected Medical Costs

Platinum and Gold plans are considered higher metal tier health plans, which can be the most cost-effective for those with high expected medical costs. Although Platinum and Gold plans have some of the highest monthly rates, they also cover the most out-of-pocket costs—the Freedom Individual Platinum plan, for instance, has a $0 deductible. On average, you can expect a Gold plan to cover roughly 80% of your health care expenses, while you pay the other 20%. Platinum plans typically cover 90% of your health care expenses, while you pay the other 10%.

Silver Plans: Best for those with Low Income or Average Medical Costs

Silver plans are a good middle ground—they usually have higher cost sharing than Gold and Platinum plans, but lower monthly rates than Bronze and Expanded Bronze plans. For instance, the average monthly cost of the Blue POS 80/60 Silver health plan is $429 for a 30-year-old in Louisiana, and it has a deductible of $3,200. On the other hand, the Blue Max 90/70 Gold plan has a lower deductible of $1,500 but has a much higher average monthly rate of $832 for a 30-year-old.

Furthermore, lower-income households can qualify for cost-sharing reduction (CSR) subsidies that reduce out-of-pocket expenses for Silver health plans. Typical Silver plans cover about 70% of your health care costs, while you pay 30%. But under CSR subsidies, you could qualify for a Silver plan that covers up to 94% of your health care costs. Therefore, these health policies often offer the best-value coverage for lower income families.

Bronze and Expanded Bronze Plans: Best for Young, Healthy People

Expanded Bronze plans and Bronze plans offer cheaper monthly premiums than higher metal tier plans at the expense of reduced coverage and higher out-of-pocket costs. These plans are the lowest tiers available on the state exchange and are best for those who don't have high medical costs or can afford to cover a larger portion of cost sharing. In Louisiana, no Bronze plan has a deductible lower than $4,500, whereas the minimum Silver health plan deductible is $2,100.

On average, you can expect a Bronze plan to cover about 60% of your health costs, while you pay for the other 40%. Expanded Bronze plans increase coverage to about 65%, while you pay roughly 35%.

Medicaid

Louisiana expanded Medicaid for residents under the Affordable Care Act in 2016. If your income is up to 138% of the federal poverty level, you may qualify for Medicaid coverage in the state.

Short-Term Health Insurance in Louisiana

If you temporarily need a more affordable option for health insurance, then a short-term health insurance plan may make financial sense to you. These types of plans have lower monthly premiums but do not cover the same benefits as qualified Obamacare health care. This includes not covering the essential benefits or preexisting conditions.

In Louisiana, state regulations limit short-term health insurance lengths to six months. This is different than federal regulations that allow short-term health insurance to be up to a year long in coverage. The state does follow federal guidelines for renewals, allowing policies to be renewed up to 36 months.

Find the Cheapest Health Insurance Quotes in Your Area

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Best Cheap Health Insurance Companies in Louisiana

Last year, there were four insurance companies that provided health insurance on the state exchange—however, Humana left the exchange at the end of the year. Today, these are the three health insurance companies on the Louisiana state exchange: HMO Louisiana Inc., Louisiana Health Service & Indemnity Co., and Vantage Health Plan Inc.

Although the best policy differs in each parish, we recommend starting your search for the best cheap health insurance policy with HMO Louisiana, as it offers the most affordable Silver plan available in every parish.

Cheapest Health Insurance Plan By Parish

The parish that you live in determines the availability of policies available and their rates. The Blue POS 80/60 plan, for instance, costs $32 more per month for a 21-year-old in West Baton Rouge than the same policy would cost in Jefferson Parish. To help you get started, we compared rates for every policy in Louisiana and identified the cheapest Silver health plan in each parish. In the table below, you can see sample rates of these policies for a single adult, a couple or a family of three.

ParishCheapest Silver PlanSingle Adult, Age 40Couple, Age 40Couple, Age 40 and Child
AcadiaBlue Connect 80/60 $3200 (L)$455$911$1,184
AllenBlue POS 80/60 $3200$484$969$1,259
AscensionCommunity Blue Copay 70/50 $2100$470$939$1,220
AssumptionBlue POS 80/60 $3200$454$908$1,180
AvoyellesBlue POS 80/60 $3200$495$990$1,286
BeauregardBlue POS 80/60 $3200$484$969$1,259
BienvilleBlue POS 80/60 $3200$479$959$1,246
BossierBlue Connect 80/60 $3200 (S)$396$791$1,028
CaddoBlue Connect 80/60 $3200 (S)$396$791$1,028
CalcasieuBlue POS 80/60 $3200$484$969$1,259
CaldwellBlue POS 80/60 $3200$495$990$1,286
CameronBlue POS 80/60 $3200$484$969$1,259
CatahoulaBlue POS 80/60 $3200$495$990$1,286
ClaiborneBlue POS 80/60 $3200$479$959$1,246
ConcordiaBlue POS 80/60 $3200$495$990$1,286
De SotoBlue POS 80/60 $3200$479$959$1,246
East Baton RougeCommunity Blue Copay 70/50 $2100$470$939$1,220
East CarrollBlue POS 80/60 $3200$495$990$1,286
East FelicianaBlue POS 80/60 $3200$495$990$1,286
EvangelineBlue Connect 80/60 $3200 (L)$455$911$1,184
FranklinBlue POS 80/60 $3200$495$990$1,286
GrantBlue POS 80/60 $3200$495$990$1,286
IberiaBlue Connect 80/60 $3200 (L)$455$911$1,184
IbervilleBlue POS 80/60 $3200$495$990$1,286
JacksonBlue POS 80/60 $3200$495$990$1,286
JeffersonBlue Connect 80/60 $3200 (N)$409$817$1,062
Jefferson DavisBlue POS 80/60 $3200$484$969$1,259
La SalleBlue POS 80/60 $3200$495$990$1,286
LafayetteBlue Connect 80/60 $3200 (L)$455$911$1,184
LafourcheBlue POS 80/60 $3200$454$908$1,180
LincolnBlue POS 80/60 $3200$495$990$1,286
LivingstonCommunity Blue Copay 70/50 $2100$470$939$1,220
MadisonBlue POS 80/60 $3200$495$990$1,286
MorehouseBlue POS 80/60 $3200$495$990$1,286
NatchitochesBlue POS 80/60 $3200$479$959$1,246
OrleansBlue Connect 80/60 $3200 (N)$409$817$1,062
OuachitaBlue POS 80/60 $3200$495$990$1,286
PlaqueminesBlue Connect 80/60 $3200 (N)$409$817$1,062
Pointe CoupeeBlue POS 80/60 $3200$495$990$1,286
RapidesBlue POS 80/60 $3200$495$990$1,286
Red RiverBlue POS 80/60 $3200$479$959$1,246
RichlandBlue POS 80/60 $3200$495$990$1,286
SabineBlue POS 80/60 $3200$479$959$1,246
Saint BernardBlue Connect 80/60 $3200 (N)$409$817$1,062
Saint CharlesBlue Connect 80/60 $3200 (N)$409$817$1,062
Saint HelenaBlue POS 80/60 $3200$495$990$1,286
Saint JamesBlue POS 80/60 $3200$454$908$1,180
Saint LandryBlue Connect 80/60 $3200 (L)$455$911$1,184
Saint MartinBlue Connect 80/60 $3200 (L)$455$911$1,184
Saint MaryBlue Connect 80/60 $3200 (L)$455$911$1,184
Saint TammanyBlue Connect 80/60 $3200 (N)$409$817$1,062
St John The BaptistBlue Connect 80/60 $3200 (N)$409$817$1,062
TangipahoaBlue POS 80/60 $3200$495$990$1,286
TensasBlue POS 80/60 $3200$495$990$1,286
TerrebonneBlue POS 80/60 $3200$454$908$1,180
UnionBlue POS 80/60 $3200$495$990$1,286
VermilionBlue Connect 80/60 $3200 (L)$455$911$1,184
VernonBlue POS 80/60 $3200$495$990$1,286
WashingtonBlue POS 80/60 $3200$495$990$1,286
WebsterBlue POS 80/60 $3200$479$959$1,246
West Baton RougeCommunity Blue Copay 70/50 $2100$470$939$1,220
West CarrollBlue POS 80/60 $3200$495$990$1,286
West FelicianaBlue POS 80/60 $3200$495$990$1,286
WinnBlue POS 80/60 $3200$495$990$1,286

Average Cost of Health Insurance by Family Size in Louisiana

If you're looking for insurance to cover your entire family, the cost of your monthly premium will be determined based on your chosen health plan and the ages of your family members. For children under the age of 15, the monthly health insurance premium remains flat. Once a child turns 15, the cost of the monthly premium will increase as they get older.

The average cost of a Silver health insurance policy for an adult couple in Louisiana is $1,031, assuming it covered two 40-year-old adults. If you add a child, the average monthly cost would increase by about $390, so a family of three would pay an average of $1,691 per month for medical insurance. Similarly, the average cost for a family of four with two adults and two children would cost $2,080.

Family SizeAverage Monthly Cost of Health Plan
Single Adult$651
Adult Couple$1,301
Family of three (Adult couple and a child)$1,691
Family of four (Adult couple and two children)$2,080
Family of five (Adult couple and three children)$2,470
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Louisiana.

Comments and Questions

Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication.