Best Cheap Health Insurance in Oregon 2019

Find the Cheapest Health Insurance Quotes in Your Area

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Oregon residents can find affordable health insurance on the state's health insurance marketplace, which offers a variety of plans from five different insurance companies. Finding the right plan can be difficult, so we researched all the health insurance policies on the state exchange and found that in most parts of the state, either the Providence Oregon Standard Silver Signature Network, Providence Oregon Standard Silver Choice Network or KP OR Silver 3500/30 was the cheapest Silver plan. A plan's availability and monthly rate will depend on the county in which you live. For example, the cheapest Silver plan in Multnomah County is the KP OR Silver 3500/30, but Lane County does not have this plan, offering the Providence Oregon Standard Silver Choice Network as the lowest cost health plan instead.

Cheapest Health Insurance Coverage by Metal Tier

We compared health insurance plans available in Oregon to assist you in your search for the best coverage. The table below shows the cheapest plans available in the state of Oregon for each metal tier. Although the plans in the table may not be available in your county, they're a good starting point in comparing the costs and benefits you can expect from a given coverage tier. KP OR Silver 3500/30, for instance, has a much lower deductible than the KP Oregon Standard Bronze HSA Plan, but it costs $104 more per month for a 40-year-old.

Metal tierCheapest planDeductibleOut-of-pocket maximumMonthly cost for 40-year-old
CatastrophicKP OR Catastrophic 7350/0$7,350$7,350$274
BronzeKP Oregon Standard Bronze HSA Plan$6,550$6,550$271
Expanded BronzeModa Health Beacon Bronze 6250$6,250$7,350$346
SilverKP OR Silver 3500/30$3,500$7,350$375
GoldKP OR Gold 1000/20$1,000$7,000$401

The metal tier and the ages of those covered by the plan largely affect the monthly premium on your health insurance plan. A lower metal tier (Catastrophic, Bronze and Expanded Bronze) would mean paying higher out-of-pocket costs but more affordable monthly premiums. But as age increases, premiums across all metal tiers increase. For example, a 60-year-old would pay $548 more on average per month for a Gold plan than a 40-year-old would pay. But with a Silver plan, that same 60-year-old would only pay $499 more per month than a 40-year-old.

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

Finding the Best Health Insurance Coverage in Oregon

Because the county in which you live determines the health insurance plans available and their monthly premiums, the best cheap health insurance plan may differ depending on where you live. Furthermore, the best health plan for you depends on your medical needs and financial situation. Within each tier, the costs and benefits will differ, but all plans within a given tier will offer roughly the same coverage and require you to pay the same expenses as a whole.

Typically, policies in the higher metal tiers have costlier monthly premiums, but they also have lower out-of-pocket expenses, like deductibles, copays and coinsurance. If you think you may become sick or already have high recurring medical costs, like ongoing prescriptions, a policy in a higher metal tier may be the best choice for you. Alternatively, if you're young and healthy, getting a policy in a lower metal tier may help you save money.

Gold Plans: Best for High Expected Medical Costs

Plans in the higher metal tiers typically cover the greatest share of out-of-pocket costs, which means paying lower deductibles, copays and coinsurance. That makes these health insurance plans the best in terms of cost-effectiveness if you expect to incur high medical expenses, such as from chronic conditions or costly prescriptions. On average, you can expect a Gold plan to cover roughly 80% of your health care expenses, while you pay the other 20%. But these benefits come at the expense of a higher monthly premium compared to Silver or Bronze plans.

Silver Plans: Best for Those With Low Income or Average Medical Costs

Silver policies offer a middle ground between Gold plans and the Bronze and Expanded Bronze plans. For example, the deductible you would have to meet on the Providence Oregon Standard Silver Choice Network plan would be $2,500. That means you would need to pay this amount for your medical costs before the plan begins to cover your expenses. This is higher than the $1,000 deductible on the Providence Oregon Standard Gold Signature Network plan, but much lower than the $6,550 deductible you can expect from the Providence Oregon Standard Bronze HSA Signature Network plan.

This metal tier also stands out for lower-income households, which can qualify for cost-sharing reduction (CSR) subsidies with a Silver health plan, lowering your out-of-pocket expenses. Typical Silver plans cover about 70% of your health care costs while you pay 30%. By using 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 plans may offer the lowest monthly rates, but they're limited to people younger than 30 or those who qualify for an exemption. Furthermore, these health plans provide the least coverage and are only recommended if you have the financial means to cover a large portion of your health care expenses in case of an emergency.

Bronze plans are open to everyone and similarly offer cheaper monthly premiums than higher metal tier plans alongside reduced coverage and higher out-of-pocket costs. So, if you need medical care during the year, you would have to pay more 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%.

Health Insurance Companies in Oregon

Out of the seven health insurance companies that offer plans in Oregon, five are on the state exchange:

Oregon Health Insurance Companies

  • BridgeSpan Health Company
  • Kaiser Foundation Healthplan of the NW
  • Moda Health Plan Inc.
  • PacificSource Health Plans
  • Providence Health Plan

We recommend starting your search with Kaiser or Providence if they offer policies in your county, as they often have the cheapest health insurance plans. Most counties have two to three insurance company options, but larger counties like Multnomah or Clackamas have all five health insurers available. Regardless of where you live, a range of plans at all coverage tiers are available to fit your medical and financial needs.

Cheapest Health Insurance Plan By County

The insurers and health insurance plans available on the state exchange will vary depending on the county in which you live, so we identified the cheapest Silver plan in each county of Oregon to help you get started. Below, you can find sample monthly quotes for an individual, a couple and a family of three for the cheapest Silver plan in your county.

CountyCheapest Silver planSingle adult, age 40Couple, age 40Couple, age 40, and child
BakerProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
BentonKP OR Silver 3500/30$375$750$937
ClackamasKP OR Silver 3500/30$375$750$937
ClatsopProvidence Oregon Standard Silver Choice Network$436$872$1,089
ColumbiaKP OR Silver 3500/30$375$750$937
CoosProvidence Oregon Standard Silver Choice Network$436$872$1,089
CrookPacificSource Oregon Standard Silver Plan SCN$488$976$1,218
CurryProvidence Oregon Standard Silver Choice Network$436$872$1,089
DeschutesProvidence Oregon Standard Silver Choice Network$464$928$1,159
DouglasProvidence Oregon Standard Silver Choice Network$509$1,018$1,271
GilliamProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
GrantProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
HarneyProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
Hood RiverKP OR Silver 3500/30$375$750$937
JacksonModa Health Beacon Silver 3500$453$906$1,131
JeffersonPacificSource Oregon Standard Silver Plan SCN$488$976$1,218
JosephineModa Health Beacon Silver 3500$453$906$1,131
KlamathProvidence Oregon Standard Silver Signature Network$478$956$1,194
LakeProvidence Oregon Standard Silver Signature Network$478$956$1,194
LaneProvidence Oregon Standard Silver Choice Network$436$872$1,088
LincolnProvidence Oregon Standard Silver Choice Network$448$896$1,119
LinnKP OR Silver 3500/30$375$750$937
MalheurProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
MarionKP OR Silver 3500/30$375$750$937
MorrowProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
MultnomahKP OR Silver 3500/30$375$750$937
PolkKP OR Silver 3500/30$375$750$937
ShermanProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
TillamookProvidence Oregon Standard Silver Choice Network$436$872$1,089
UmatillaProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
UnionProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
WallowaProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
WascoProvidence Oregon Standard Silver Choice Network$436$872$1,089
WashingtonKP OR Silver 3500/30$375$750$937
WheelerProvidence Oregon Standard Silver Signature Network$504$1,008$1,258
YamhillKP OR Silver 3500/30$375$750$937

Average Cost of Health Insurance by Family Size in Oregon

When considering health insurance plans for your family, keep in mind that factors like the number of people who need coverage and their ages will affect the monthly premium. 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 $1,109 in Oregon. If you were to add another child to the plan, the monthly premium would increase by $220. So for a family of four, the total monthly cost of health coverage would be $1,329.

Family sizeAverage monthly cost of health plan
Single adult$444
Adult couple$888
Family of three (adult couple and a child)$1,109
Family of four (adult couple and two children)$1,329
Family of five (adult couple and three children)$1,550
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Oregon.

Comments and Questions

Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication.