Find Cheap Health Insurance Quotes in Oregon
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 for you 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 Moda Health Oregon Standard Silver (Affinity) or Moda Health Beacon Silver 3500 was the cheapest Silver plan.
For 2020 plans, the average health insurance premium is $441 in Oregon for a 40-year-old. This represents a 5% increase, or $21 per month higher rates on average.
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 Connect 4500 Silver, but Lane County does not have this plan, offering the Moda Health Oregon Standard Silver (Affinity) 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. Connect 4500 Silver, for instance, has a much lower deductible than the Bronze Care On Demand 8000 EPO OHSU Plus Plan, but it costs $97 more per month for a 40-year-old.
|Metal tier||Cheapest plan||Deductible||Out-of-pocket maximum||Monthly cost for 40-year-old|
|Bronze||Bronze Care On Demand 8000 EPO OHSU Plus||$8,000||$8,150||$300|
|Expanded Bronze||KP OR Bronze 6900/0% HSA||$6,900||$6,900||$294|
|Silver||Connect 4500 Silver||$4,500||$8,150||$397|
|Gold||Connect 1500 Gold||$1,500||$6,000||$430|
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 $600 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 $534 more per month than a 40-year-old.
Finding your 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 for you 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 Connect 4500 Silver plan would be $4,500. 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 $1,500 deductible on the Connect 1500 Gold plan, but much lower than the $8,150 deductible you can expect from the Connect 8150 Bronze 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%.
Short-term health insurance in Oregon
You can purchase short-term health insurance in Oregon at any time during the year. For this reason, considering a short-term plan may be smart if you miss open enrollment or lose coverage through a job. However, you should carefully evaluate these policies before purchasing one, as these plans do not cover the essential health benefits.
In Oregon, regulators do not follow federal guidelines when it comes to short-term policies. The state imposes a maximum coverage length of three months.
Find Cheap Health Insurance Quotes in Your Area
Health insurance companies in Oregon
In Oregon, there are currently five health insurance providers on the 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 Moda 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, Lane and 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.
|County||Cheapest Silver plan||Single adult, age 40||Couple, age 40||Couple, age 40, and child|
|Baker||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Benton||KP OR Silver 3500/35||$460||$920||$1,149|
|Clackamas||Connect 4500 Silver||$397||$794||$991|
|Clatsop||Moda Health Beacon Silver 3500||$439||$878||$1,096|
|Columbia||KP OR Silver 3500/35||$438||$876||$1,094|
|Coos||Moda Health Beacon Silver 3500||$439||$878||$1,096|
|Crook||Navigator Silver 3000||$455||$910||$1,136|
|Curry||Moda Health Beacon Silver 3500||$439||$878||$1,096|
|Deschutes||Silver HDHP 3500 EPO RealValue||$451||$901||$1,125|
|Douglas||Moda Health Oregon Standard Silver (Affinity)||$532||$1,064||$1,328|
|Gilliam||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Grant||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Harney||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Hood River||KP OR Silver 3500/35||$438||$876||$1,094|
|Jackson||Moda Health Beacon Silver 3500||$484||$968||$1,209|
|Jefferson||Navigator Silver 3000||$455||$910||$1,136|
|Josephine||Moda Health Beacon Silver 3500||$484||$968||$1,209|
|Klamath||Moda Health Oregon Standard Silver (Affinity)||$482||$964||$1,204|
|Lake||Moda Health Oregon Standard Silver (Affinity)||$482||$964||$1,204|
|Lane||Moda Health Oregon Standard Silver (Affinity)||$448||$896||$1,119|
|Lincoln||Silver HDHP 3500 EPO RealValue||$524||$1,048||$1,309|
|Linn||KP OR Silver 3500/35||$460||$920||$1,149|
|Malheur||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Marion||Moda Health Beacon Silver 3500||$422||$844||$1,054|
|Morrow||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Multnomah||Connect 4500 Silver||$397||$794||$991|
|Polk||Moda Health Beacon Silver 3500||$422||$844||$1,054|
|Sherman||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Tillamook||Moda Health Beacon Silver 3500||$439||$878||$1,096|
|Umatilla||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Union||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Wallowa||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Wasco||Navigator Silver 3000||$455||$910||$1,136|
|Washington||Connect 4500 Silver||$397||$794||$991|
|Wheeler||Moda Health Oregon Standard Silver (Affinity)||$500||$1,000||$1,249|
|Yamhill||Connect 4500 Silver||$397||$794||$991|
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 $1,187 in Oregon. If you were to add another child to the plan, the monthly premium would increase by $236. So for a family of four, the total monthly cost of health coverage would be $1,424.
|Family size||Average monthly cost of health plan|
|Individual + Child||$712|
|Couple age 40||$951|
|Family of three (Adult couple and a child)||$1,187|
|Family of four (Adult couple and two children)||$1,424|
|Family of five (Adult couple and three children)||$1,660|
Health insurance rate changes in Oregon
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 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 Tier||2018 Premium||2020 Premium||% Change|
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).