Health Insurance

Best Cheap Health Insurance in Missouri 2022

Best Cheap Health Insurance in Missouri 2022

Find Cheap Health Insurance Quotes in Missouri

Currently insured?

The average cost of health insurance in Missouri across all metal tiers is $538 for a 40-year-old. The cheapest Silver health insurance plan in most of the state is offered by Celtic Insurance/Ambetter. Two of its plans, Ambetter Balanced Care 11 and Ambetter Balanced Care 129, are the cheapest options in a combined 70% of counties.

Select a plan tier to learn more:

On the Missouri health insurance exchange, there are five tiers of coverage to choose from based on your financial and medical needs. The Silver metal tier stands out for offering subsidized plans depending on your income level.

Cheapest health insurance by metal tier

We compared Missouri health insurance policies by metal tier to help you with your search for your best coverage. In the table below, we identify the cheapest plan in the state within each coverage tier, along with sample rates and coverage terms.

These particular policies may not be available or the cheapest in your county, since the best health insurance plans differ by region, but they can still be used as a baseline in comparing the different costs and benefits among each metal tier.

Metal tier
Cheapest plan
Monthly cost
Deductible
Maximum out-of-pocket
CatastrophicWellFirst Catastrophic Safety Net$276$8,700$8,700
BronzeWellFirst Bronze Value Copay 8650X$319$8,650$8,650
Expanded BronzeWellFirst Bronze Copay Plus 8650X$322$8,650$8,650
SilverWellFirst Silver HSA-E 4500X$419$4,500$7,000
GoldWellFirst Gold Value Copay 3700X$482$3,700$3,700

While the WellFirst plans offered by SSM Health Insurance Company are the cheapest, they are only available in three counties.

Generally, a higher metal tier health plan means more expensive monthly premiums but lower out-of-pocket costs. For example, the WellFirst Bronze Copay Plus 8650X plan has a minimum monthly premium of $322, which is $97 less per month than the cheapest Silver plan, WellFirst Silver HSA-E 4500X. However, the Silver plan offers cheaper out-of-pocket costs, with a deductible $4,150 lower than the Expanded Bronze plan.

Regardless of which metal tier plan you choose, your monthly health insurance rates increase with age. For example, a 60-year-old pays 112% more on average than a 40-year-old in Missouri for the same Silver health plan. This means a 60-year-old would pay $696 more per month on average for a Silver health plan.

Cost of health insurance in Missouri
Metal tier
Age 21
Age 40
Age 60
Catastrophic$288$368$781
Bronze$350$447$949
Bronze Expanded$404$516$1,097
Silver$485$620$1,316
Gold$577$738$1,567

Finding your best health insurance coverage in Missouri

The Missouri health insurance marketplace offers policies in the following four tiers: Catastrophic, Bronze, Silver and Gold. Higher metal tier health plans, like Gold policies, typically have the most expensive premiums but affordable out-of-pocket expenses, like deductibles, copays and coinsurance.

This means if you have high recurring medical costs, like prescriptions, or think you may need medical care, a higher metal tier plan may be the best option for you. On the other hand, if you are young, healthy and have no expected medical costs — and can cover the higher cost-sharing — a lower metal tier policy may be the choice for you.

Gold plans: best for high expected medical costs

If you use or expect to use your insurance often, Gold health insurance plans are typically the most cost-effective since they have the smallest out-of-pocket costs. If you use your insurance often, the lower deductibles and copay can balance out the expensive monthly premiums.

Ultimately, Gold plans are best if you have high expected medical costs, such as chronic conditions that require regular medical attention, or are concerned about being able to pay out of pocket for an unexpected condition.

On average, the cheapest Gold plan in Missouri is WellFirst Gold Value Copay 3700X. Compare all tiers in Missouri above.

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

Silver plans are a good health insurance option for those looking for a balance between costs and benefits. However, these health plans can still be quite costly if you don't qualify for premium subsidies, such as cost-sharing reduction (CSR) subsidies, which are no longer funded by the federal government.

If you are part of a lower-income household, you may qualify for CSR subsidies with a Silver health plan, 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 on average in Missouri is WellFirst Silver HSA-E 4500X. However, this plan is only available in three counties. The cheapest Silver plan that is widely available is Ambetter Balanced Care 11.

Compare all tiers in Missouri above.

Bronze and Catastrophic plans: best for young, healthy people

Bronze and Catastrophic plans typically have less expensive premiums compared to Silver and Gold plans. However, you must be under 30 years old or qualify for an exemption to purchase a Catastrophic plan. These cheap policies come with lower coverage, meaning higher out-of-pocket costs.

If you need medical care during the year, you would have to pay more money yourself in deductibles and copays before the policy provides coverage. We don’t recommend Bronze or Catastrophic policies unless you can afford the higher deductibles, copays and coinsurance in the case of a medical emergency.

The cheapest Bronze plan in Missouri is WellFirst Bronze Value Copay 8650X. The cheapest Catastrophic plan is WellFirst Catastrophic Safety Net. Compare all tiers in Missouri above.

Medicaid

In 2021, Missouri passed a bill that expanded Medicaid to approximately 275,000 people in the state through MO HealthNet. For example, under the new law, a single adult who does not make more than $17,774 per year, or a family of four that does not make more than $36,750, could qualify for Medicaid coverage.

Health insurance rate changes in Missouri

In Missouri, health insurance providers adjust their premiums, deductibles and out-of-pocket maximums annually depending on a variety of factors. These changes are then reported to federal and state regulators to be approved.

In 2022, the cost of health insurance for all metal tiers increased in Missouri. The cost of Catastrophic plans, followed by Expanded Bronze plans, increased the most, relative to other metal tiers. Catastrophic plans cost 13% more in 2022 than they did last year, and Expanded Bronze plans are 9% more expensive in 2022.

Metal tier
2020
2021
2022
2022 vs. 2021
Catastrophic$442$325$36813%
Bronze$456$425$4475%
Expanded Bronze$496$475$5169%
Silver$627$593$6205%
Gold$715$689$7387%

Premiums are for a 40-year-old adult.

Short-term health insurance in Missouri

Missouri short-term health insurance is available for purchase through off-exchange health insurance providers. Federal regulations for these plans allow coverage lengths for up to one year, but Missouri limits short-term plans by allowing coverage to only last six months. However, you can renew a plan after the first coverage period.

Short-term health insurance can be useful if you miss the opportunity to purchase a marketplace plan during open enrollment or lose your previous health insurance coverage. But it is important to know that short-term policies do not cover all the essential benefits that Affordable Care Act plans do. This can include guaranteed benefits like maternity care and prescription drug services.

Find Cheap Health Insurance Quotes in Your Area

Currently insured?

Best cheap health insurance companies in Missouri

There are currently eight health insurance companies that serve Missouri:

  • Blue Cross and Blue Shield of Kansas City
  • Celtic Insurance Company
  • Cigna Health and Life Insurance Company
  • Cox Health Systems Insurance Company
  • Healthy Alliance Life Insurance Company (Anthem BCBS)
  • Medica Insurance Company
  • Oscar Insurance Company
  • SSM Health Insurance Company

Many counties only have one insurer for residents to choose a health plan from, but some of the larger counties, including Jackson and Clay in the Kansas City metro area, have multiple insurers available. Despite the limited selection of health insurance companies in most counties, a range of plans in different metal tiers is available to tailor your coverage.

Cheapest health insurance plan by county

Finding the best health plan for you can be challenging since the selection of plans and their cost changes depending on the region where you live.

For instance, for a 40-year-old, the monthly cost of the Ambetter Balanced Care 11 Silver plan is $36 more expensive in Barton County than it is in Adair County. To make this process simpler, we compared rates for every Silver policy in Missouri to find the cheapest Silver health plan in each county, listed in the table below.

County
Cheapest plan
Age 40
Couple, age 40
Couple, age 40 and child
AdairAmbetter Balanced Care 11$511$1,022$1,328
AndrewAmbetter Balanced Care 129$535$1,069$1,389
AtchisonAmbetter Balanced Care 129$535$1,069$1,389
AudrainAnthem Silver Pathway X 6800$657$1,314$1,707
BarryAmbetter Balanced Care 129$535$1,069$1,389
BartonAmbetter Balanced Care 11$547$1,095$1,423
BatesAmbetter Balanced Care 129$535$1,069$1,389
BentonAmbetter Balanced Care 129$535$1,069$1,389
BollingerAmbetter Balanced Care 11$511$1,022$1,328
BooneCigna Connect 5500 ($3 Tier 1 Rx, $0 Telehealth)$599$1,197$1,555
BuchananAmbetter Balanced Care 129$535$1,069$1,389
ButlerAmbetter Balanced Care 11$511$1,022$1,328
Show All Rows

Average cost of health insurance by family size in Missouri

The number of people covered by a particular health insurance plan and their ages contribute to the cost of coverage. When you add a child to your health insurance plan, the price increases by an additional flat rate until they are 15 years old. Once they reach age 15, the monthly rate increases as they grow older.

For instance, the average insurance cost for a family of three in Missouri, assuming two 40-year-old parents and one child on a Silver plan, is $1,611. If you were to add another child to the plan, the monthly premium would increase by $371. So for a family of four, the total monthly cost of health coverage would be $1,982.

Family size
Average cost
Individual and child$991
Couple, age 40$1,240
Family of three (adult couple and a child)$1,611
Family of four (adult couple and two children)$1,982
Family of five (adult couple and three children)$2,353

Adults are assumed to be 40 years old, while children are 14 years old or younger. Sample rates are based on the average cost for a Silver plan in Missouri.

Recap of the best cheap health insurance in Missouri

  • Catastrophic: WellFirst Catastrophic Safety Net
  • Bronze: WellFirst Bronze Value Copay 8650X
  • Expanded Bronze: WellFirst Bronze Copay Plus 8650X
  • Silver: WellFirst Silver HSA-E 4500X
  • Gold: WellFirst Gold Value Copay 3700X

Frequently asked questions

What is the average cost of health insurance in Missouri?

The average cost of health insurance in Missouri in 2022 is $538 for a 40-year-old. However, health insurance costs may vary depending on the metal tier of coverage, where you live and your age.

Which company has the most affordable health insurance in Missouri?

In Missouri, the cheapest company for most individuals is Celtic Insurance/Ambetter. This health insurance provider has the most affordable silver plan in 70% of counties in Missouri. But a variety of other companies offer cheap plans on the marketplace, too, including Healthy Alliance Life Insurance Co./Anthem BCBS, Cigna and SSM Health Insurance Company/WellFirst Health.

How do I get cheap health insurance in Missouri?

When shopping for a health insurance policy in Missouri, you can find the most affordable health insurance by comparing plans from several different companies. Then, considering your individual needs, you can evaluate which companies offer the best rates and select the policy that works for you.

Methodology

Health insurance rates, deductibles and out-of-pocket maximums were aggregated from data found on the Centers for Medicare & Medicaid Services government website. ValuePenguin used the Public Use Files (PUF) to calculate average values by metal tier, family size and county to better understand the health insurance marketplace in Missouri. Plans and providers for which county-level data was included in the CMS Crosswalk file were used in our analysis; those excluded from this dataset may not appear.

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.