Health Insurance

Best Cheap Health Insurance in Oklahoma 2020

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Affordable health insurance plans in Oklahoma can be found on the state exchange, but the best plan for you will depend on the county in which you live and the tier of coverage that fits your needs.

For 2020 plans, the average health insurance premium for a 40-year-old is $588 in Oklahoma. This represents a 15% increase, or $77 per month higher rates on average.

To help you find the best health insurance plan, we analyzed all Silver policies in Oklahoma and found that either Blue Advantage Silver PPO 204 or Blue Preferred Silver PPO 201 was the cheapest in most counties. However, in the three counties that offered Bright Health plans, the Silver 4 policy consistently has the lowest monthly premium.

Cheapest health insurance by metal tier

To help you find the best policy for the level of coverage that fits your situation, we compared Oklahoma plans by metal tier and identified a cheap health insurance plan in each category.

The table below provides a good starting point in comparing the costs and benefits you can expect from a given tier of coverage by showing the out-of-pocket costs and minimum monthly premium for policies in Oklahoma.

Metal tierCheapest planDeductibleOut-of-pocket maximumMonthly cost for a 40-year-old
CatastrophicHarmony by Medica Catastrophic$8,150$8,150$269
BronzeBronze 2$8,150$8,150$345
Expanded BronzeHarmony by Medica Bronze Copay$7,000$8,150$359
SilverSilver 4$4,700$8,150$492
GoldHarmony by Medica Gold Share$400$8,150$484

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Two important factors that affect your monthly insurance premium are age and metal tier. As you grow older, regardless of coverage tier, your monthly premium will increase. Furthermore, higher metal tiers will also increase the monthly rate you will need to pay.

For example, you would expect to pay 58% more on average for a Gold health plan than a Bronze plan regardless of age. This represents $190 more per month if you're 21 and $514 more each month on average if you're 60.

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

Finding your best health insurance coverage in Oklahoma

The best cheap health insurance plan for you in Oklahoma varies by county, as available plans change according to the county you live in. For example, the Silver 4 plan from Bright Health is only available in three counties, but it was the cheapest Silver plan when available.

Higher metal tier health plans, like Gold policies, have more expensive monthly premiums than Silver and Bronze policies but significantly lower out-of-pocket expenses, like deductibles, copays and coinsurance.

So, if you have recurring medical costs from chronic conditions or prescriptions, or you are worried about the high costs of an unexpected sickness, you should consider a higher metal tier plan. Alternatively, if you are young and healthy, and you wish to keep your monthly premium low, a lower metal tier policy may be best for you.

Gold plans: Best for people who expect high medical costs

Gold health insurance plans have the lowest costs if you need to use your insurance, since Gold plans may have lower deductibles and copays. However, the monthly premium you can expect to pay may be higher.

For example, the average monthly premium on a Gold plan for a 40-year-old in Oklahoma is $570, but your deductible may be as low as $400. Therefore, these health plans are best if you have high expected medical costs, such as ongoing prescriptions, or are concerned about being able to pay out of pocket for an unexpected condition.

Silver plans: Best for people with average medical costs or low income

Silver health plans may be the best health insurance plan type if you would like something that has lower out-of-pocket costs than a Bronze plan but a more affordable monthly premium than that of a Gold plan.

If you are part of a lower-income household, this middle-ground option is also eligible for cost-sharing reduction (CSR) subsidies that would lower your out-of-pocket expenses. Typically, you can expect Silver plans to pay for 70% of your medical costs and you would pay for the remaining 30% — but Silver plans could cover up to 94% under the CSR subsidies.

Bronze and Catastrophic plans: Best for young people

Catastrophic and Bronze plans are the most affordable plans — but in exchange, they have the highest out-of-pocket costs. Despite the low costs, you must be under 30 or qualify for an exemption to purchase a Catastrophic plan. Bronze plans, however, are available to everyone, but the lower monthly rate means higher out-of-pocket costs compared to Silver or Gold plans.

So, if you need medical care during the year, you would have to pay more money out of pocket before coverage kicks in. If you expect few medical expenses or can afford to cover the high cost sharing in the event of an emergency, a Bronze plan may be the best option for your health insurance coverage.

Best cheap health insurance companies in Oklahoma

There are three insurers on the Oklahoma state exchange: Blue Cross Blue Shield of Oklahoma, Bright Health Insurance Company and Medica Insurance Company.

Blue Cross Blue Shield and Medica are available across the state, but Bright Health only offers coverage in Canadian, Cleveland and Oklahoma counties. If you live in one of these counties, we recommend beginning your search for affordable coverage with Bright Health, as they provided the cheapest Silver plan in each region where they're on the marketplace.

Cheapest health insurance plan by county

To help you get started on your search for a health insurance plan in Oklahoma, we identified the cheapest Silver health insurance policies available on the state exchange by county. Depending on where you live, the policies available and their pricing will vary.

For instance, the Harmony by Medica Silver Copay plan is available in 26 counties but is only the lowest-cost Silver policy in seven. This is because the cost of coverage ranges from $528 per month to $585 per month across regions. Below, you can see sample monthly rates for an individual, couple and family of three based on your location.

CountyCheapest Silver planSingle adult, age 40Couple, age 40Couple, age 40, and child
AdairBlue Advantage Silver PPO 204$530$1,059$1,376
AlfalfaBlue Preferred Silver PPO 201$689$1,377$1,789
AtokaBlue Advantage Silver PPO 204$530$1,059$1,376
BeaverBlue Advantage Silver PPO 204$530$1,059$1,376
BeckhamBlue Advantage Silver PPO 204$530$1,059$1,376
BlaineBlue Advantage Silver PPO 204$530$1,059$1,376
BryanBlue Preferred Silver PPO 201$689$1,377$1,789
CaddoBlue Preferred Silver PPO 201$689$1,377$1,789
CanadianSilver 4$492$984$1,279
CarterBlue Advantage Silver PPO 204$530$1,059$1,376
CherokeeBlue Advantage Silver PPO 204$530$1,059$1,376
ChoctawBlue Advantage Silver PPO 204$530$1,059$1,376
CimarronBlue Advantage Silver PPO 204$530$1,059$1,376
ClevelandSilver 4$492$984$1,279
CoalBlue Advantage Silver PPO 204$530$1,059$1,376
ComancheBlue Advantage Silver PPO 204$512$1,023$1,329
CottonBlue Advantage Silver PPO 204$530$1,059$1,376
CraigBlue Advantage Silver PPO 204$530$1,059$1,376
CreekHarmony by Medica Silver Copay$528$1,055$1,371
CusterBlue Advantage Silver PPO 204$530$1,059$1,376
DelawareHarmony by Medica Silver Copay$585$1,169$1,519
DeweyBlue Advantage Silver PPO 204$530$1,059$1,376
EllisBlue Advantage Silver PPO 204$530$1,059$1,376
GarfieldBlue Advantage Silver PPO 204$530$1,059$1,376
GarvinBlue Advantage Silver PPO 204$530$1,059$1,376
GradyBlue Advantage Silver PPO 204$500$999$1,298
GrantBlue Preferred Silver PPO 201$689$1,377$1,789
GreerBlue Advantage Silver PPO 204$530$1,059$1,376
HarmonBlue Advantage Silver PPO 204$530$1,059$1,376
HarperBlue Advantage Silver PPO 204$530$1,059$1,376
HaskellBlue Advantage Silver PPO 204$530$1,059$1,376
HughesBlue Advantage Silver PPO 204$530$1,059$1,376
JacksonBlue Advantage Silver PPO 204$530$1,059$1,376
JeffersonBlue Advantage Silver PPO 204$530$1,059$1,376
JohnstonBlue Advantage Silver PPO 204$530$1,059$1,376
KayBlue Preferred Silver PPO 201$689$1,377$1,789
KingfisherBlue Advantage Silver PPO 204$530$1,059$1,376
KiowaBlue Advantage Silver PPO 204$530$1,059$1,376
LatimerBlue Advantage Silver PPO 204$530$1,059$1,376
Le FloreBlue Advantage Silver PPO 204$531$1,061$1,379
LincolnBlue Advantage Silver PPO 204$500$999$1,298
LoganBlue Advantage Silver PPO 204$500$999$1,298
LoveBlue Advantage Silver PPO 204$530$1,059$1,376
MajorBlue Advantage Silver PPO 204$530$1,059$1,376
MarshallBlue Preferred Silver PPO 201$689$1,377$1,789
MayesBlue Preferred Silver PPO 201$689$1,377$1,789
McclainBlue Advantage Silver PPO 204$500$999$1,298
MccurtainBlue Advantage Silver PPO 204$530$1,059$1,376
McintoshBlue Preferred Silver PPO 201$689$1,377$1,789
MurrayBlue Advantage Silver PPO 204$530$1,059$1,376
MuskogeeBlue Advantage Silver PPO 204$530$1,059$1,376
NobleBlue Advantage Silver PPO 204$530$1,059$1,376
NowataBlue Advantage Silver PPO 204$530$1,059$1,376
OkfuskeeBlue Preferred Silver PPO 201$689$1,377$1,789
OklahomaSilver 4$492$984$1,279
OkmulgeeBlue Advantage Silver PPO 204$542$1,084$1,409
OsageBlue Advantage Silver PPO 204$542$1,084$1,409
OttawaHarmony by Medica Silver Copay$585$1,169$1,519
PawneeBlue Advantage Silver PPO 204$542$1,084$1,409
PayneBlue Advantage Silver PPO 204$530$1,059$1,376
PittsburgBlue Advantage Silver PPO 204$530$1,059$1,376
PontotocBlue Advantage Silver PPO 204$530$1,059$1,376
PottawatomieBlue Advantage Silver PPO 204$530$1,059$1,376
PushmatahaBlue Advantage Silver PPO 204$530$1,059$1,376
Roger MillsBlue Advantage Silver PPO 204$530$1,059$1,376
RogersHarmony by Medica Silver Copay$528$1,055$1,371
SeminoleBlue Preferred Silver PPO 201$689$1,377$1,789
SequoyahBlue Advantage Silver PPO 204$531$1,061$1,379
StephensHarmony by Medica Silver Copay$585$1,169$1,519
TexasBlue Advantage Silver PPO 204$530$1,059$1,376
TillmanBlue Advantage Silver PPO 204$530$1,059$1,376
TulsaHarmony by Medica Silver Copay$528$1,055$1,371
WagonerHarmony by Medica Silver Copay$528$1,055$1,371
WashingtonBlue Advantage Silver PPO 204$530$1,059$1,376
WashitaBlue Preferred Silver PPO 201$689$1,377$1,789
WoodsBlue Advantage Silver PPO 204$530$1,059$1,376
WoodwardBlue Preferred Silver PPO 201$689$1,377$1,789

Average cost of health insurance by family size in Oklahoma

Depending on the size of a family and the age of each member, health insurance rates will change based on the number of individuals who need coverage. Children below the age of 15 qualify for lower health insurance premiums at a flat rate. However, this changes once the children reach 15 — the monthly premium will increase as they grow older.

For example, the average monthly health insurance premium for a family of three, assuming two 40-year-old parents and a child, is $1,827. With each additional child, the average cost of a Silver health plan increases by $421, so a family of four would cost an average of $2,248 per month to insure.

Family sizeAverage monthly cost of health plan
Individual + child$1,124
Couple, age 40$1,406
Family of three (adult couple and a child)$1,827
Family of four (adult couple and two children)$2,248
Family of five (adult couple and three children)$2,668
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Oklahoma.

Health insurance rate changes in Oklahoma

Policy premiums are set by individual health companies. Then, once the rates have been determined by an insurer, they are sent to the federal health insurance exchange for approval.

In Wisconsin, the average cost of a health plan is 8% cheaper in 2020 than it was in 2018. The typical rate for all policy types has decreased — except for Platinum plans, which are 3% more expensive than two years ago.

Metal tier2018 premium2020 premium% change
Catastrophic$403$4317.06%
Bronze$436$418-4.20%
Expanded BronzeNot applicable$639Not applicable
Silver$597$70317.75%
Gold$656$6600.59%
Rates are based on a 40-year-old adult.

Methodology

The health insurance premiums and plan information used in this analysis were sourced from the Centers for Medicare & Medicaid Services (CMS) government website. ValuePenguin determined the average rates by metal tier, family size and region by reference cost data from CMS's Public Use Files (PUF).

Sterling Price

Sterling Price is a research analyst at ValuePenguin specializing in health and life insurance. He graduated from Syracuse University with a bachelors degree in Finance and Accounting and has previous experience as a licensed life insurance representative.

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.