Health Insurance

Best Cheap Health Insurance in Nebraska 2022

Best Cheap Health Insurance in Nebraska 2022

Find Cheap Health Insurance Quotes in Nebraska

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Nebraskans can find affordable health insurance on the state exchange, or residents might qualify for health insurance through Medicaid, which the state expanded starting on Oct. 1, 2020.

For the 2022 plan year, the average cost of health insurance in Nebraska for a 40-year-old across all plan tiers is $567 per month. This is 8% less than the cost of coverage for 2021.

We researched all of the health plans available on the state exchange and found that the Statewide Silver 5000 offered by Bright Health Insurance Co. is the cheapest Silver plan available in 73% of the state's counties.

Cheapest health coverage by plan tier

To help you find a policy that fits your needs, we analyzed Nebraska plans by plan tier to find the cheapest health insurance policies. Although the plans listed in the table below may not be available in every county, they can provide a good starting point in comparing the monthly premium and out-of-pocket expenses you can expect from each plan tier.

Plan tier
Cheapest plan
Monthly cost
Deductible
Out-of-pocket maximum
CatastrophicNHN/BHC Catastrophic 8700 Direct ($0 Primary Care)$267$8,700$8,700
Bronze ExpandedNHN/BHC Bronze 8700 + $0 Mental Health ($0 Telehealth + $0 Primary Care + $0 Prescription List)$385$8,700$8,700
SilverNHN/BHC Silver 5000 ($0 Telehealth + $0 Primary Care + $0 Mental Health + $0 Prescription List)$550$5,000$8,700
GoldMedica with CHI Health Gold Copay ($0 Virtual Care + $5 Generic Drugs + Online Wellness)$575$1,250$8,450

Higher tiers of coverage have lower out-of-pocket costs like deductibles, copays or coinsurance but at the expense of higher monthly rates. For example, the cheapest Silver policy in Nebraska has a monthly premium of $550 for a 40-year-old — $165 more expensive per month than the cheapest Expanded Bronze policy.

In addition to coverage tiers, age is an important factor in determining your monthly health insurance premium. Regardless of plan tier, your monthly premiums will increase as you get older. As you can see below, a 40-year-old would pay on average 28% more for health insurance coverage than a 21-year-old in Nebraska for a Silver plan.

Average cost of health insurance in Nebraska by metal tier

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Finding your best health insurance coverage in Nebraska

The best health insurance plan in Nebraska for you will depend on the county you live in, as the availability of plans changes by county. And depending on where you live and which plan you choose, the monthly premium will differ.

The monthly premiums for health plans in the Gold tier are typically more expensive than Silver and Bronze premiums. However, they come with significantly cheaper out-of-pocket expenses, like deductibles, copays and coinsurance. Plans in the Silver and Bronze tiers usually offer cheaper monthly premiums but costly out-of-pocket expenses.

If you have steep medical costs or recurring prescriptions, we recommend selecting a plan in a higher metal tier. However, if you're young and healthy and you can afford the higher cost sharing, a plan in a lower metal tier may be best for you.

Gold plans: Best for high expected medical costs

Gold plans are typically best if you use your insurance often because they have the lowest deductibles and copays. But you'll generally pay a higher monthly premium for a Gold plan.

For example, a Gold plan in Nebraska has an average monthly premium of $724 for a 40-year-old, which is $39 more than the average monthly premium of a Silver plan for a 40-year-old. However, the deductible on a comparable Gold plan is significantly lower than the deductible on a Silver plan.

The cheapest Gold plan in Nebraska is the Medica with CHI Health Gold Copay. Compare all tiers in Nebraska above.

Silver plans: Best for those with low incomes or average medical costs

Silver plans fall between Gold plans and Bronze plans in terms of premiums and out-of-pocket costs. We recommend you consider a Silver health insurance policy if you expect to have moderate health care costs during the year.

A Silver plan could be a top choice if you are part of a low-income household. Low-income households may qualify for cost-sharing reduction (CSR) subsidies, which lower your copays, coinsurance and deductibles and can be used with Silver plans.

The cheapest Silver plan in Nebraska is the NHN/BHC Silver 5000. Compare all tiers in Nebraska above.

Bronze and Catastrophic plans: Best for young, healthy people

Health plans in the lower plan tiers, Bronze and Catastrophic, provide the cheapest monthly premiums at the expense of having the most expensive cost sharing. Catastrophic plans have the lowest monthly premiums, but you must be under 30 or qualify for an exemption in order to purchase these plans and you wouldn't be eligible for premium tax credits.

Bronze plans are open to everyone, but you'll pay higher out-of-pocket costs if you need medical care. We wouldn't recommend these policies unless you are young and healthy or can afford the higher deductibles, copays and coinsurance in the case of a medical emergency.

Expanded Bronze plans extend the coverage on a typical Bronze plan, which typically covers about 60% of your health care costs. Instead, the Expanded Bronze plans cover up to about 65% of your costs.

The cheapest Expanded Bronze plan in Nebraska is the NHN/BHC Bronze 8700. The cheapest Catastrophic plan is the NHN/BHC Catastrophic 8700 Direct. Compare all tiers in Nebraska above.

Health insurance rate changes in Nebraska

Health insurance rates, deductibles and out-of-pocket maximums are determined yearly by insurance providers and then approved by federal regulators.

For 2022, the average cost of all health plans in Nebraska dropped by an average of 8% compared to 2021. Silver health insurance plans fell by 11%, the steepest decline among all plan tiers.

Plan tier
2020
2021
2022
2022 vs. 2021
Catastrophic$421$378$348-8%
Bronze Expanded$591$540$511-5%
Silver$777$772$685-11%
Gold$789$773$724-6%

Monthly premiums are for a 40-year-old adult.

Best cheap health insurance companies in Nebraska

There are currently only two health insurance companies that service Nebraska on the state exchange: Medica Insurance Co. and Bright Health Insurance Co. Both companies have a variety of policy offerings, but we would recommend beginning your health insurance search by looking at Bright Health since it has the cheapest rates for Silver plans in the majority of the state.

Cheapest Silver health plan by county

Despite having only two health insurers on the state exchange, Nebraska residents can choose from a variety of plans that differ by county. To help you find the best cheap health insurance policy for you and your family, we identified the most affordable Silver health insurance plans on the Nebraska exchange by county.

The table below features the Silver policy with the lowest monthly premium as well as sample rates for an individual, couple and family of three in each county.

County name
Cheapest plan
Age 40
Couple, age 40
Couple, age 40 & child
AdamsStatewide Silver 5000$678$1,357$1,763
AntelopeStatewide Silver 5000$678$1,357$1,763
ArthurStatewide Silver 5000$678$1,357$1,763
BannerStatewide Silver 5000$678$1,357$1,763
BlaineStatewide Silver 5000$678$1,357$1,763
BooneStatewide Silver 5000$678$1,357$1,763
Box ButteStatewide Silver 5000$678$1,357$1,763
BoydStatewide Silver 5000$678$1,357$1,763
BrownStatewide Silver 5000$678$1,357$1,763
BuffaloMedica with CHI Health Silver Copay ($0 Virtual Care + Online Wellness)$572$1,145$1,487
BurtMedica with CHI Health Silver Share ($0 Virtual Care + Online Wellness)$569$1,138$1,479
ButlerMedica with CHI Health Silver Copay ($0 Virtual Care + Online Wellness)$572$1,145$1,487
Show All Rows

Average cost of health insurance by family size in Nebraska

The cost of health insurance for your family in Nebraska will be determined by coverage tier, the number of people covered and their ages. If you add children to your health insurance plan, each child will cost a flat rate for coverage until they are 15. After they turn 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 $1,781. If you were to add another child to the plan, the monthly premium would increase by around $410. Consequently, for a family of four, the total monthly premium would be $2,191.

Family size
Average cost per month
Individual and child$1,096
Couple, age 40$1,371
Family of three (adult couple and a child)$1,781
Family of four (adult couple and two children)$2,191
Family of five (adult couple and three children)$2,601

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

Methodology

Health insurance premiums, deductibles and out-of-pocket maximums were aggregated from data found on the Centers for Medicare & Medicaid Services (CMS) government website. In the database, ValuePenguin was able to use the Public Use Files (PUFs) to calculate average values by metal tier, family size and county to better understand the health insurance landscape in Nebraska. 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.