Health Insurance

Best Cheap Health Insurance in Rhode Island 2021

Best Cheap Health Insurance in Rhode Island 2021

Find Cheap Health Insurance Quotes in Rhode Island

Currently insured?

We compared quotes for health plans from all counties in the state and found that Neighborhood Community plan was the cheapest Silver policy available in Rhode Island. There are currently two insurers that provide health insurance to all counties in the state: Blue Cross Blue Shield of Rhode Island and Neighborhood Health Plan of Rhode Island.

Select a plan tier to learn more:

In Rhode Island, you can purchase relatively cheap health insurance through the state insurance marketplace if you aren't eligible for health insurance through the government or an employer. You can also acquire coverage by applying for Medicaid if your household income falls below 138% of the federal poverty level.

Cheapest health insurance by metal tier

We compared quotes from the HealthSourceRI exchange to find a low-cost health insurance policy available at every metal tier — Neighborhood Health Plan's policies consistently had the best rates.

The table below shows the cheapest health insurance plan for each metal tier, along with its deductible, out-of-pocket maximum and the monthly cost for a 40-year-old applicant. These health policies should be used as your initial starting point to identify a metal tier that works with your income and health care needs.

Metal tier
Cheapest plan
Maximum out-of-pocket cost
Monthly cost for a 40-year-old
BronzeNeighborhood INNOVATION$6,825$8,550$231
SilverNeighborhood COMMUNITY$2,950$6,750$328
GoldNeighborhood PLUS$1,250$6,750$339
PlatinumVantageBlue Direct Plan 750/1500 Modified$750$1,800$629

As you can see, health insurance in Rhode Island is broken down into four different metal tiers: Bronze, Silver, Gold and Platinum. The cheaper plans like Bronze will have low monthly premiums but high deductibles, which will require you to spend more out of pocket before any coinsurance benefits will begin. On the other hand, a more expensive plan, like Gold or Platinum, will cost more in monthly premiums — but your coverage will kick in more quickly.

Your premium for health insurance will be determined in large part by your age — as you get older, you will pay significantly more for health insurance coverage. For example, for a Silver tier policy, a 60-year-old applicant in Rhode Island will have to pay 112%, or $474 per month on average, more than a 40-year-old.

Find Cheap Health Insurance Quotes in Your Area

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Finding the best health insurance coverage in Rhode Island

The best health insurance for you will depend on the availability of plans in your county, your financial situation and your health care requirements. Rhode Island has expanded eligibility for Medicaid, meaning that residents at household incomes less than 138% of the federal poverty level would be eligible for the program.

If you're searching for a health plan on the Rhode Island exchange, you should carefully evaluate the premiums and deductibles to determine what is affordable. Typically, if you expect moderate to high medical costs in the coming year, then we'd recommend considering a higher metal tier policy with more expensive premiums but lower deductibles to reduce your total expenses.

Platinum and Gold

The most expensive health insurance plans in Rhode Island are Platinum and Gold. Although these policies have the highest premiums, the deductibles and out-of-pocket maximums are low. These lower limits mean that Platinum and Gold plans may be more affordable if you have high medical expenses since you will more quickly gain access to coinsurance and copays. For example, say you and your partner have a single health insurance policy, and your spouse requires expensive prescription drugs that need to be refilled monthly. In this case, an upper-tier health insurance policy would likely work best to limit your total out-of-pocket expenses.

The cheapest Platinum plan in Rhode Island is VantageBlue Direct Plan 750/1500 Modified. The cheapest Gold plan is Neighborhood PLUS. Compare all tiers in Rhode Island above.


A Silver health plan is a middle-tier policy with affordable premiums, deductibles and out-of-pocket maximums. We would recommend a Silver health insurance plan for most people unless you are either extremely healthy or know you will have significant medical expenses.

All health insurance plans offer premium tax credits, but only Silver policies are eligible for additional cost-sharing reductions if your income falls below 250% of the federal poverty level. If you are eligible, then you would receive discounts on the amount you are required to pay in coinsurance, copays and deductibles.

The cheapest Silver plan in Rhode Island is Neighborhood COMMUNITY. Compare all tiers in Rhode Island above.


Bronze health plans are the cheapest available in Rhode Island. These policies have the cheapest premiums but the highest deductibles and out-of-pocket maximums. For this reason, a Bronze metal plan is a great option if you are young and in good health because you might not require as many health services. However, a Bronze policy can become expensive if you need health care. You would need to pay a large amount out of pocket to cover the high deductible before coinsurance kicks in.

The cheapest Bronze plan in Rhode Island is Neighborhood INNOVATION. Compare all tiers in Rhode Island above.

Best cheap health insurance companies in Rhode Island

There are currently two health insurance companies that provide coverage in Rhode Island:

  • Blue Cross Blue Shield of Rhode Island
  • Neighborhood Health Plan of Rhode Island

Both health insurance companies service all counties of Rhode Island. However, Neighborhood Health Plan has the lowest rates for health insurance across all metal tiers — so we'd recommend this insurer if you are looking for the cheapest policy available. That said, if you're looking for additional benefits, such as gym membership discounts, you may want to consider Blue Cross Blue Shield.

Cheapest health insurance plan by county

In all counties of Rhode Island, the Neighborhood Community policy is the cheapest Silver plan available. However, as mentioned, you may want to consider Blue Cross Blue Shield if added benefits are important to you.

Cheapest plan
Age 40
Couple, age 40
BristolNeighborhood COMMUNITY$328$656
KentNeighborhood COMMUNITY$328$656
NewportNeighborhood COMMUNITY$328$656
ProvidenceNeighborhood COMMUNITY$328$656
WashingtonNeighborhood COMMUNITY$328$656


We retrieved health insurance rates for 21-, 40- and 60-year-old shoppers using Rhode Island's health insurance exchange, HealthSureRI. ValuePenguin computed averages using this data and organized results according to county, age and metal tier to allow readers to compare quotes easily.

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.