Maine residents can find cheap health insurance options on the state exchange or through Medicaid if they qualify based on income.

We researched all health insurance plans available on the state marketplace and found that the cheapest Silver health plan in Maine is the Maine's Choice Plus HMO Silver 4250, which is the cheapest Silver plan in the majority of counties. However, the cheapest plan for you may depend on your choice of metal tier and where you live.

Select a plan tier to learn more:

The availability and monthly premium of health plans differs based on where you live, as the cost of a Silver health plan varied by up to $188 among counties in Maine.

Cheapest health insurance by metal tier

To help you in your search, we compared all health insurance plans in Maine to find the cheapest policy available for each tier of coverage. The table below provides a good starting point in comparing the costs and benefits you may expect out of each tier of coverage.

The best level of coverage for you is based on your medical needs and financial situation, with higher tier policies carrying more expensive monthly rates but lower out-of-pocket costs.

Comparing the above policies, the Maine's Choice Plus HMO Silver 6500 plan has a minimum monthly rate of $330 for a 40-year-old, which is about $81 cheaper per month than the Anthem Gold X Clear Choice Tiered 2500 plan.

However, the Gold plan means lower out-of-pocket costs in the form of deductibles, copays and coinsurance.

Health insurance rate changes in Maine

The average cost of health insurance in Maine decreased by an average of 3% across Bronze, Silver and Gold plans from 2021 to 2022. Silver plans had the greatest decrease across the three metal tiers, decreasing by an average of 5% from 2021 to 2022.

Finding your best health insurance coverage in Maine

The best health insurance plans for you in Maine will vary by region because the availability and price of plans changes by county. For example, the Anthem Silver X POS 5900 Silver plan has a monthly premium of $518 for a 40-year-old in Hancock County, but a $436 monthly premium in Penobscot County. Regardless of where you live, there are a range of plans at varying coverage tiers to fit your needs.

Higher metal tier health plans, such as Gold plans, typically have more expensive monthly premiums than lower tier plans, like Silver plans, but offer lower out-of-pocket expenses like deductibles, copays and coinsurance. This means if you have a medical condition or costly prescriptions, a higher metal tier plan may be the best health insurance option for you.

However, those who are young and healthy may wish to consider a lower metal tier policy, which is better for those who have no expected medical costs and have the means to pay the larger out-of-pocket expenses if an emergency does occur.

Gold and Platinum plans: best for high expected medical costs

This is because the lower deductibles and copays outweigh the higher monthly rate for those with high recurring medical costs that arise from chronic conditions or prescriptions. These policies are also great for those who are concerned about being able to pay out of pocket for an unexpected condition.

The cheapest Gold plan in Maine is Anthem Gold X Clear Choice Tiered 2500. The cheapest Platinum plan in Maine is Health Options CC Platinum PPO NE. Compare all tiers in Maine above.

Silver plans: best for those with low income or average medical costs

Silver plans fall between higher metal tier Gold plans and lower metal tiers like Bronze plans.

Silver plans are a good middle ground in terms of the monthly premium and out-of-pocket costs.

Furthermore, if you are part of a lower-income household, you may qualify for cost-sharing reduction (CSR) subsidies, which would further lower your out-of-pocket expenses. 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.

The cheapest Silver plan in Maine is Maine's Choice Plus HMO Silver 4250. Compare all tiers in Maine above.

Bronze plans: best for young, healthy people

Bronze plans are open to everyone and offer lower cost premiums compared to Silver and Gold plans. However, the affordable monthly rates for these health plans means higher costs in the form of deductibles, copays or coinsurance before the insurance kicks in. We wouldn't recommend these policies unless you can afford the higher cost sharing in the case of a medical emergency.

Extended Bronze plans are a newer tier that was introduced a couple years ago in Maine. This tier extends a typical Bronze plan, which may cover about 60% of your health care costs, to cover up to about 65% of your costs.

The cheapest Bronze plan in Maine is Health Options CC Bronze $8700 HMO NE. Compare all tiers in Maine above.

Short-term health insurance in Maine

Short-term health insurance is available for purchase in Maine. The state follows similar restrictions as federal guidelines, meaning that short-term policies have coverage lengths of 12 months. However, all short-term health plans can only be renewed for up to a total of 24 months.

Most short-term health plans do not cover the essential benefits, which include maternity, mental health and prescription drug coverage. These policies are not qualified Affordable Care Act plans and are not offered on the state health insurance exchanges. You may want to consider short-term policies if you need an affordable health insurance option or missed the open enrollment period.

Best cheap health insurance companies in Maine

Currently, there are three health insurance companies on the Maine state exchange: Anthem, Harvard Pilgrim Health Care and Maine Community Health Options.

All of the health insurance companies currently available in Maine provide coverage across all 16 counties in the state, offering multiple tiers of coverage. We recommend beginning your search with Harvard Pilgrim Health Care, as the company offers the cheapest Silver health insurance plan in 63% of Maine counties.

Cheapest health insurance plan by county

The cheapest health insurance plan in Maine changes by region, so we analyzed all Silver policies by county to help you get started on your search. The table below lists the best-priced Silver policy for each county and samples monthly premiums for a 40-year-old.

Methodology

The health insurance rate data in ValuePenguin's analysis was sourced from Maine's CoverME health insurance exchange website. Premiums were averaged across a variety of factors such as metal tier, county and family size.