Best Cheap Health Insurance in Montana 2019

Find the Cheapest Health Insurance Quotes in Your Area

Currently insured?
{"id":2,"isAgeFieldVisible":true,"isInsuranceTypeFieldVisible":true,"isInsuredStatusFieldVisible":true,"defaultZip":"","defaultProduct":"health","quoteWizardEndpoint":"https:\/\/quotes.valuepenguin.com","trackingKey":"_best-cheap-health-insurance-montana","title":"Find the Cheapest Health Insurance Quotes in Your Area","vendor":"vp"}

Affordable health coverage is available to Montana residents through the state health insurance marketplace, which offers health plans from three insurance companies. We researched all the health insurance plans on the state exchange and found that the Connected Care Silver Option 2 was the cheapest Silver policy in every county in Montana. However, depending on where you reside, the price of the plan may change—the cost of the Connected Care Silver Option 2 health plan varies by 8% among counties.

Cheapest Health Insurance by Metal Tier

The state exchange offers five different metal tiers of health insurance coverage to choose from: Catastrophic, Bronze, Expanded Bronze, Silver and Gold. We compared health insurance policies in Montana by metal tier to find the cheapest policy at each level of coverage you can find on the state exchange. The plans below may not be available in your county but are a good starting point in comparing the costs and benefits to expect of a given metal tier. The Connected Care Silver Option 2 plan, for instance, has a minimum monthly premium of $476 but a deductible of $5,700. The lowest cost Gold plan, Connected Care Gold, offers much lower out-of-pocket costs, with a $750 deductible, but you would have to pay a higher minimum monthly premium of $561.

Metal TierCheapest PlanDeductibleOut-of-Pocket MaximumMonthly Cost for a 40-Year-Old
CatastrophicConnected Care Catastrophic$7,350$7,350$250
BronzeConnected Care Bronze$7,200$7,350$334
Expanded BronzeConnected Care Expanded Bronze$5,500$7,200$350
SilverConnected Care Silver Option 2$5,700$7,350$476
GoldConnected Care Gold$750$5,000$561

The cost of health insurance is largely driven by metal tier and the ages of the insured. A higher metal tier policy would have more expensive monthly premiums but would also mean lower out-of-pocket costs when you use your insurance policy.

As you get older, the monthly cost of coverage will increase across all metal tiers. For example, the average price difference between a 40-year-old and a 60-year-old ranges from $380 to $706 depending on the metal tier. A 40-year-old would pay $706 less per month on average than a 60-year-old for a Gold plan, whereas for a Silver plan a 40-year-old would expect to pay $621 per month less on average than a 60-year-old.

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

The best cheap health insurance plan in Montana will also depend on the county you live in, as the same policy may have different rates depending on where you live. For example, the Connected Care Silver Option 2 plan costs $423 per month for a 30-year-old in Yellowstone County, but it would cost $34 more for the same 40-year-old in Gallatin County.

Finding the Best Health Insurance Coverage in Montana

Typically, higher metal tier policies have costlier monthly premiums, but they also provide lower out-of-pocket expenses, like deductibles, copays and coinsurance. These higher metal tier plans are best if you think you may become sick or already have high recurring medical costs, like prescriptions. On the other hand, those that are young and healthy or don't expect to have many medical costs may wish to choose a lower metal tier plan to save money.

Gold Plans: Best for High Expected Medical Costs

Gold plans are the highest metal tier available in Montana, and you can expect these policies to cover roughly 80% of your health care expenses, while you pay the other 20%. Gold health plans typically cover the greatest share of out-of-pocket costs, which means lower deductibles, copays and coinsurance, contributing to the 20% you would expect to pay. These benefits come at the expense of a higher monthly premium—the average cost of a Gold plan in Montana is 14% greater than the average cost of a Silver health plan. Generally, Gold health insurance policies are the best in terms of cost-effectiveness if you expect to incur high medical expenses, such as from chronic conditions, or have costly prescriptions.

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

For many households, in terms of monthly premiums and out-of-pocket costs, Silver plans fall between Gold and Bronze metal tier plans, serving as a good middle ground. However, Silver plans stand out for lower-income households as these policies are eligible for cost-sharing reduction (CSR) subsidies that 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.

Bronze and Catastrophic Plans: Best for Young, Healthy People

Catastrophic and Bronze health insurance plans offer the cheapest monthly premiums. However, Catastrophic plans are only available to those under 30 or those who qualify for an exemption. Bronze plans are the cheapest plans that are open to everyone but come with reduced coverage meaning higher out-of-pocket costs relative to the higher metal tier plans. So, if you need medical care during the year, you would have to pay more money out of pocket before coverage kicks in.

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%. Therefore, we would only recommend these plans if you have the financial means to cover a large portion of your medical emergency.

Best Cheap Health Insurance Companies in Montana

Montana is one of few states to maintain the same set of insurers in its marketplace for the last few years. The three health insurance companies on the Montana state exchange are Blue Cross and Blue Shield of Montana,Montana Health Cooperative and PacificSource Health Plans. All three insurers are available in every county in Montana, but the plans offered and their monthly premiums may differ.

Cheapest Health Insurance Plan By County

The cheapest Silver health insurance policy in every Montana county is the Connected Care Silver Option 2. But the cost of a health insurance policy will differ depending on where you live, your age and the number of people covered. In Teton County, for instance, a 40-year old would pay $38 more per month for the same policy than he would pay in Yellowstone county. The table below shows sample monthly rates for each county and different sizes of family covered under the Connected Care Silver health insurance plan.

CountyCheapest Silver PlanSingle Adult, Age 40Couple, Age 40Couple, Age 40 plus Child
BeaverheadConnected Care Silver Option 2$499$999$1,297
Big HornConnected Care Silver Option 2$499$999$1,297
BlaineConnected Care Silver Option 2$499$999$1,297
BroadwaterConnected Care Silver Option 2$514$1,028$1,336
CarbonConnected Care Silver Option 2$476$952$1,237
CarterConnected Care Silver Option 2$499$999$1,297
CascadeConnected Care Silver Option 2$514$1,028$1,336
ChouteauConnected Care Silver Option 2$514$1,028$1,336
CusterConnected Care Silver Option 2$499$999$1,297
DanielsConnected Care Silver Option 2$499$999$1,297
DawsonConnected Care Silver Option 2$499$999$1,297
Deer LodgeConnected Care Silver Option 2$514$1,028$1,336
FallonConnected Care Silver Option 2$499$999$1,297
FergusConnected Care Silver Option 2$499$999$1,297
FlatheadConnected Care Silver Option 2$476$952$1,237
GallatinConnected Care Silver Option 2$514$1,028$1,336
GarfieldConnected Care Silver Option 2$499$999$1,297
GlacierConnected Care Silver Option 2$499$999$1,297
Golden ValleyConnected Care Silver Option 2$499$999$1,297
GraniteConnected Care Silver Option 2$499$999$1,297
HillConnected Care Silver Option 2$499$999$1,297
JeffersonConnected Care Silver Option 2$514$1,028$1,336
Judith BasinConnected Care Silver Option 2$514$1,028$1,336
LakeConnected Care Silver Option 2$476$952$1,237
Lewis And ClarkConnected Care Silver Option 2$514$1,028$1,336
LibertyConnected Care Silver Option 2$499$999$1,297
LincolnConnected Care Silver Option 2$499$999$1,297
MadisonConnected Care Silver Option 2$499$999$1,297
McconeConnected Care Silver Option 2$499$999$1,297
MeagherConnected Care Silver Option 2$499$999$1,297
MineralConnected Care Silver Option 2$499$999$1,297
MissoulaConnected Care Silver Option 2$476$952$1,237
MusselshellConnected Care Silver Option 2$476$952$1,237
ParkConnected Care Silver Option 2$499$999$1,297
PetroleumConnected Care Silver Option 2$499$999$1,297
PhillipsConnected Care Silver Option 2$499$999$1,297
PonderaConnected Care Silver Option 2$499$999$1,297
Powder RiverConnected Care Silver Option 2$499$999$1,297
PowellConnected Care Silver Option 2$499$999$1,297
PrairieConnected Care Silver Option 2$499$999$1,297
RavalliConnected Care Silver Option 2$499$999$1,297
RichlandConnected Care Silver Option 2$499$999$1,297
RooseveltConnected Care Silver Option 2$499$999$1,297
RosebudConnected Care Silver Option 2$499$999$1,297
SandersConnected Care Silver Option 2$499$999$1,297
SheridanConnected Care Silver Option 2$499$999$1,297
Silver BowConnected Care Silver Option 2$514$1,028$1,336
StillwaterConnected Care Silver Option 2$476$952$1,237
Sweet GrassConnected Care Silver Option 2$476$952$1,237
TetonConnected Care Silver Option 2$514$1,028$1,336
TooleConnected Care Silver Option 2$499$999$1,297
TreasureConnected Care Silver Option 2$499$999$1,297
ValleyConnected Care Silver Option 2$499$999$1,297
WheatlandConnected Care Silver Option 2$499$999$1,297
WibauxConnected Care Silver Option 2$499$999$1,297
YellowstoneConnected Care Silver Option 2$476$952$1,237

Average Cost of Health Insurance by Family Size in Montana

In addition to your chosen health plan, the number of people covered and their ages will determine the cost of health insurance for your family in Montana. If you add children to your health insurance plan, each child will cost a flat rate for coverage until they are 15 years old. Upon reaching the age of 15, the monthly rate will increase as they grow older. For instance, the average monthly health insurance cost for a family of three, assuming two 40-year-old parents and a child on a Silver plan, is $1,436 in Montana. If you were to add another child to the plan, the monthly premium would increase by $331. So for a family of four, the total monthly cost of health coverage would be $1,767.

Family SizeAverage Monthly Cost of Health Plan
Single Adult$553
Adult Couple$1,105
Family of three (Adult couple and a child)$1,436
Family of four (Adult couple and two children)$1,767
Family of five (Adult couple and three children)$2,098
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Montana.

Comments and Questions