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Best Cheap Health Insurance in Massachusetts 2022

Best Cheap Health Insurance in Massachusetts 2022

Find Cheap Health Insurance Quotes in Massachusetts

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The cheapest health insurance plan for most people in Massachusetts is the Standard Silver: BMC HealthNet Plan Silver A II, which is the most affordable Silver policy in nine of the state's 14 counties.

If you are shopping for individual health insurance in Massachusetts, you can purchase cheap coverage through the state's online exchange. In the marketplace, you may be able to find a policy that fits your financial situation and provides adequate coverage for your medical needs.

Cheapest health insurance by metal tier

To help you find the best health insurance in Massachusetts, we compared health plans offered in the largest counties to find the most affordable option for each metal tier of coverage.

The average cost of a Silver health plan in Massachusetts is $535 per month for a 40-year-old.

When a health insurance provider calculates your monthly premium, age is a key factor. As you can see from the graph below, for every metal tier, the monthly premium gets more expensive as your age increases.

Cheapest health insurance companies in Massachusetts

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For example, for a Silver policy, a 40-year-old will pay on average $86 more per month than a 21-year-old. The difference is even larger for a 60-year-old who pays $362 more per month than a 40-year-old.

The table below shows the cheapest plan available along with the monthly premium for a 40-year-old, in addition to the deductible and out-of-pocket maximum. These plans should be used as an initial evaluation of which metal tier might fit your individual needs.

Metal tier
Cheapest plan
Monthly cost for a 40-year-old
Deductible
Maximum Out-of-Pocket
BronzeStandard High Bronze HSA: BMC HealthNet Plan Bronze$294$3,200$7,050
SilverStandard Silver: BMC HealthNet Plan Silver A II$368$2,000$8,700
GoldNon-Standard Low Gold: BMC HealthNet Plan Low Gold$435$2,250$5,800
PlatinumStandard Platinum: BMC HealthNet Plan Platinum$570$0$3,000

Gold and Platinum plans are the most expensive policies offered, but they have the lowest or nearly the lowest deductibles available. For example, the Non-Standard Low Gold: BMC HealthNet Plan premium is $141 more per month for a 40-year-old than the Bronze policy. The Standard High Bronze HSA: BMC HealthNet Plan rate is more affordable because it has a higher deductible than the Gold plan.

Finding the best health insurance coverage in Massachusetts

The best health insurance coverage for you will be determined by your level of income and expected medical costs. These factors will directly affect which plans will be affordable and appropriate for the medical services you require.

Massachusetts has adopted the expanded version of Medicaid. This allows anyone with a household income of less than 138% of the federal poverty level to enroll in Medicaid. If you are not eligible for this program, you can purchase an individual health insurance policy through the Massachusetts state marketplace.

To help you in choosing a tier level that fits your needs, we have detailed each level of coverage and who it’s best for.

Start with Silver plans

We recommend beginning your health insurance search with Silver metal tier plans. These policies have modest premiums and deductibles. For instance, the cheapest Silver plan has a monthly premium that is $74 more expensive than the cheapest Bronze plan but a deductible that is $1,200 less.

In some situations, a Silver plan can be the most cost-effective health policy due to cost-sharing reductions. These reductions decrease the amount you pay in deductibles, coinsurance and copays. However, you are only eligible for cost-sharing reductions if your household income falls below 250% of the federal poverty level.

Gold and Platinum plans: Great if you have expensive medical costs

Gold and Platinum plans are the most expensive plans on the Massachusetts marketplace in terms of monthly premiums, but they do have lower deductibles and shared costs. For this reason, these policies are best if you expect to have a lot of medical expenses and will use your health insurance often. One such example is if you have an illness and need a costly prescription refilled monthly.

Bronze: Best if you are young and healthy

Bronze plans are the most affordable policies but have higher deductibles and out-of-pocket expenses. Due to the deductible level, you could end up spending a lot on smaller medical expenses before coverage kicks in.

Therefore, Bronze is best for young, healthy individuals who want emergency protection in case of an extremely expensive medical issue.

Short-term health insurance in Massachusetts

Short-term health insurance is not available for purchase in Massachusetts, and it is illegal under Massachusetts law for any company to offer one of these products. The main reason for this is the state's strict guaranteed-issue and rating requirements for all health insurance products. Short-term plans do not meet the guaranteed-issue standard since they are medically underwritten.

Find Cheap Health Insurance Quotes in Massachusetts

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Best cheap health insurance companies in Massachusetts

There are currently eight health insurance providers on the Massachusetts exchange.

Massachusetts health insurance companies

  • AllWays Health Partners
  • Blue Cross Blue Shield of Massachusetts
  • BMC HealthNet Plan
  • Fallon Health
  • Harvard Pilgrim Health Care
  • Health New England
  • Tufts Health Plan
  • UnitedHealthcare

We found that BMC HealthNet Plan offers the most affordable health insurance plans in Massachusetts.

It is important to consider the company that you purchase a plan from, as some companies may provide more member benefits for policyholders or have better customer service. Although all of these companies sell policies in Massachusetts, a particular insurer may not be available in your county.

Cheapest Silver plan by county

The availability of health insurance, as well as the cost, will be affected by the county that you live in. For instance, for a 40-year-old, the BMC HealthNet Plan Silver A II is the cheapest Silver plan in Essex County with a monthly premium of $368. However, in Middlesex County, the same Silver plan costs $411 — a difference of $43 per month.

County
Cheapest Plan
Age 40
Couple, Age 40
Barnstable CountyStandard Silver: Tufts Health Direct Silver 2000 II$406$811
Berkshire CountyStandard Silver: Tufts Health Direct Silver 2000 II$409$818
Bristol CountyStandard Silver: Premier Silver 2000$537$1,074
Dukes CountyStandard Silver: Select HMO 2000 25/50 ER300 II$532$1,063
Essex CountyStandard Silver: BMC HealthNet Plan Silver A II$368$736
Franklin CountyStandard Silver: BMC HealthNet Plan Silver A II$385$771
HampdenStandard Silver: BMC HealthNet Plan Silver A II$385$771
Hampshire CountyStandard Silver: BMC HealthNet Plan Silver A II$385$771
Middlesex CountyStandard Silver: BMC HealthNet Plan Silver A II$411$822
Nantucket CountyStandard Silver: Select HMO 2000 25/50 ER300 II$532$1,063
Norfolk CountyStandard Silver: BMC HealthNet Plan Silver A II$375$750
Plymouth CountyStandard Silver: BMC HealthNet Plan Silver A II$375$750
Show All Rows

Sample rates are based on monthly premiums from counties in Massachusetts.

Frequently asked questions

How can I save money on health insurance in Massachusetts?

Saving money on health insurance involves choosing the right policy for your health needs and your budget. And, while the BMC HealthNet Plan Silver A is the least expensive Silver plan in many Massachusetts counties, it may not be available depending on where you live. Be sure to review plans carefully and select an accessible option that fits both your medical and financial needs. You may actually save money even if your chosen plan has a slightly higher premium. Read more.

What metal tier of health insurance should I purchase in Massachusetts?

In Massachusetts, you can choose from four metal tiers: Bronze, Silver, Gold and Platinum. The best metal tier of health insurance will depend on your health, insurance needs, age and family situation. Generally, younger and healthier individuals will not require a higher metal tier such as Gold or Platinum since they will not use the insurance as frequently.

On the other hand, families with children may want to consider a Silver health insurance plan, as this policy will have more coinsurance benefits compared to a Bronze plan. Individuals with monthly drug prescriptions or personalized health care will want to consider a Gold plan or higher since these provide the most benefits. Read more.

How do I find the right health insurance company in Massachusetts?

In Massachusetts, eight insurance companies offer various plan options on the state health insurance exchange. All plans available through the Massachusetts exchange are either HMOs or exclusive provider organizations (EPOs). With these two plan types, you must receive health services within a specific provider network, except for emergencies. Therefore, it is important to review the plan's provider listing to be sure your services will be covered. Some insurance plans provide added benefits such as gym memberships or a personalized telemedicine experience, although these extras may come at a higher premium.You should evaluate all your health care needs and your budget before selecting a health insurance provider. Read more.

Methodology

We gathered health insurance rates for shoppers in Massachusetts using the state's exchange. Using the premiums, averages were calculated based on a variety of variables such as metal tier, age, family size and county.

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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