Sanford Individual TRUE Standardized is the cheapest Silver health insurance plan in South Dakota.

Find Cheap Health Insurance Quotes in South Dakota

Currently insured?
icon
No spam. No hassle. No hidden costs.

The cheapest Silver health insurance plan in South Dakota is the Sanford Individual TRUE Standardized. It's available to one-third of the state's population, and it's the cheapest Silver health plan in Sioux Falls.

The Sanford Individual TRUE Standardized costs as little as $444 per month (before subsidies) for a 40-year-old. That's 38% below the state average of $715 per month for a 40-year-old with a Silver plan.

The Sanford Health Plan Sanford Individual Simplicity Standardized is the most affordable Silver plan for 40% of South Dakotans, and the Wellmark Standard Silver EPO is the cheapest option for the remaining quarter of the population including those who live in the Rapid City area.

Sanford Health Plan is the best health insurance company in South Dakota. Sanford Health Plan also has a high rating of 4.5 out of 5 stars from HealthCare.gov. This rating measures factors like plan quality and customer satisfaction.

How much does health insurance cost in South Dakota?

Health insurance costs $715 per month on average for a 40-year-old with a Silver health plan in South Dakota. Keep in mind that the plan tier you choose will influence your health insurance quotes.

Gold plans tend to have higher monthly costs compared to Silver and Bronze plans. However, you'll pay less with a Gold plan when you visit the doctor or get a prescription filled.

Cheapest health insurance in South Dakota

Compare Health Insurance Quotes in South Dakota

Currently insured?
icon
No spam. No hassle. No hidden costs.

Your age will also affect your health insurance costs since rates increase as you get older. In South Dakota, a 40-year-old will pay 28% more than a 21-year-old for the same coverage.

The gap widens as you enter middle age. A 60-year-old in South Dakota will pay more than twice as much for health insurance compared to a 40-year-old with the same policy.

Cheapest health insurance in South Dakota

The cheapest Silver health insurance in South Dakota is the Sanford Individual TRUE Standardized plan.

Sanford Health Plan sells the cheapest health insurance in South Dakota across all plan tiers. However, it's important to remember that where you live will dictate what plan options are available to you.

Cheapest health insurance in SD

Tier
Cheapest plan
Monthly cost
Catastrophic Sanford Individual TRUE $9,450 $258
Bronze Sanford Individual TRUE Standardized $7,500 $357
Silver Sanford Individual TRUE Standardized $5,900 $444
Gold Sanford Individual TRUE $1,750 $511

Monthly costs are for a 40-year-old.

Finding your best health insurance coverage in South Dakota

Finding the best health insurance plan for you in South Dakota will depend on which plan tier meets your unique needs.

For example, if you have a chronic disease, you should consider a Gold plan. Although Gold plans have high monthly costs, you pay less for prescriptions and hospital visits.

By contrast, if you're in good health, you're probably better off with a Silver plan. It has affordable monthly rates and low out-of-pocket costs.

Gold plans: Best for people with ongoing illnesses

Gold plans typically have the highest monthly costs. In exchange, you'll pay lower out-of-pocket costs, such as your deductible, copays and coinsurance.

Gold plans aren't a good choice for most people because of their high monthly rates. However, if you have an ongoing illness, you may benefit financially from going with one. That's because Gold plans often have deductibles and overall spending limits that are thousands of dollars lower than other plan tiers.

Silver plans: Best for most people

Silver plans are the best option for most people because they strike a good balance between affordable monthly rates and moderate out-of-pocket costs, such as your deductible, copays and coinsurance.

In addition, Silver plans are the only plan tier eligible for cost-sharing reductions (CSRs). If you qualify based on your income, these government subsidies help you pay for the part of your medical bill that's your responsibility.

Bronze and Catastrophic plans: Best for healthy people with emergency savings

You'll typically pay the lowest monthly rates with Bronze and Catastrophic plans. However, these plans also have the most expensive costs if you need medical care.

You should only consider a Bronze or Catastrophic plan if you're in very good health and you can afford to meet your plan's deductible.

Certain preventive services such as your annual checkup and many immunizations don't count toward your deductible.

Catastrophic plans are only available if you're under 30 or if you qualify for a hardship exemption. It rarely makes sense to buy a Catastrophic plan given the high deductibles and low coverage levels. Instead, you should consider Medicaid or a regular health plan with Affordable Care Act (ACA) marketplace subsidies if you're struggling to afford health insurance.

Medicaid: Best if you have a low income

You can qualify for Medicaid, a type of free government health insurance, if you're a South Dakota resident who earns a low income. The cutoff for Medicaid eligibility in South Dakota is about $20,000 for a single person or around $41,000 for a family of four.

Are health insurance rates going up in South Dakota?

Between 2023 and 2024, the average cost of health insurance in South Dakota fell across the board. Gold plan rates declined by 11%, while Silver plans saw a 10% average drop. Bronze plans are 6% cheaper, and Catastrophic plans saw a 5% year-on-year decrease.

Tier
2022
2023
2024
Change (2023 to 2024)
Catastrophic$403$410$389-5%
Bronze$583$583$546-6%
Silver$811$792$715-10%
Gold$886$852$761-11%

Monthly costs are for a 40-year-old.

Compare Health Insurance Quotes in South Dakota

Currently insured?
icon
No spam. No hassle. No hidden costs.

Best cheap health insurance companies in South Dakota

Sanford Health Plan has the best cheap health insurance in South Dakota. It sells the cheapest Catastrophic, Bronze, Silver and Gold plans in the state. In addition, its Silver plans are the cheapest for about three-quarters of South Dakotans.

Sanford Health Plan has a high rating of 4.5 out of 5 stars from HealthCare.gov. This score reflects a high level of plan quality and customer satisfaction. Sanford also gets 4% as many customer complaints compared to an average health insurance company of a similar size.

You can choose from three health insurance companies in South Dakota on HealthCare.gov.

Best health insurance companies in SD

Company
Cost
Sanford Health Plan logo
Sanford Health PlanNot yet rated$680
Wellmark logo
Wellmark of South Dakota Inc.Not yet rated$720
Avera Health Plans logo
Avera Health PlansNot yet rated$750

Average monthly cost for a 40-year-old buying a Silver plan in SD. Ratings are based on editor reviews of the company.

Wellmark is the cheapest health insurance company for a Silver plan in many parts of western and southern South Dakota including Pennington County, which is home to Rapid City.

Cheapest health insurance plan by South Dakota county

Depending on where you live in South Dakota, the cheapest Silver plan will either be Sanford Individual Simplicity Standardized, Sanford Individual TRUE Standardized or Wellmark of South Dakota Standard Silver EPO.

Cheapest health insurance by SD county

County
Cheapest Silver plan
Monthly rate
AuroraSanford Individual Simplicity Standardized$603
BeadleSanford Individual Simplicity Standardized$615
BennettWellmark Standard Silver EPO$714
Bon HommeSanford Individual Simplicity Standardized$603
BrookingsSanford Individual Simplicity Standardized$615
Show All Rows

Cheapest Silver plan with rates for a 40-year-old

Average cost of health insurance by family size in South Dakota

Your health insurance costs will increase along with the size of your family. In South Dakota, a single parent with one child pays an average of $1,143 per month for a Silver plan. Two married 40-year-olds will pay $1,430 per month on average.

You can add $428 to either of these rates for each child in your household under the age of 15 to get a rough estimate of your family's health insurance costs.

Family size
Average cost
Individual and child$1,143
Couple, age 40$1,430
Family of three (adult couple and a child)$1,858
Family of four (adult couple and two children)$2,286
Family of five (adult couple and three children)$2,713

Adults are assumed to be 40 years old. Children are assumed to be under 15. Sample rates are based on the average monthly cost of a Silver plan in South Dakota.

Short-term health insurance in South Dakota

You can buy short-term health insurance in South Dakota for up to 364 days, and you can renew your policy for up to three years. You can choose from five companies for short-term health insurance in South Dakota.

Many short-term health insurance companies in South Dakota limit plan durations to less than 12 months.

Short-term health insurance can sometimes be a good coverage option. For example, it might be your best bet if you're between jobs and you don't want to pay for COBRA.

However, short-term health insurance is rarely a good idea if you need coverage for more than a few months at a time. Regular health insurance that you can buy through HealthCare.gov is required by law to offer what's called minimum essential coverage, which includes services like mental health and maternity care. Short-term health insurance doesn't have to pay for these medical services.

In addition, metal-tier marketplace plans qualify for government subsidies, which can substantially lower your insurance bill. Short-term health insurance plans are not eligible for these subsidies.

Frequently asked questions

How much does health insurance cost per month in South Dakota?

Health insurance costs $715 per month in South Dakota on average for a 40-year-old with a Silver health plan. You may pay less if you're younger or if you have a lower plan tier.

What is the income level to qualify for Medicaid in South Dakota?

The income level to qualify for Medicaid in South Dakota is about $20,000 for a single person or $41,000 for a family of four. If you earn a low income, but you aren't eligible for Medicaid, you may qualify for ACA marketplace subsidies that can significantly lower the cost of a private health insurance plan.

Does South Dakota have Blue Cross Blue Shield?

Wellmark of South Dakota is an independent licensee of the Blue Cross Blue Shield Association. The Wellmark Standard Silver EPO is the cheapest Silver health plan for roughly a quarter of South Dakotans.

Methodology

ValuePenguin used public use files (PUFs) from the Centers for Medicare & Medicaid Services (CMS) to find average values by age, county, plan tier and family size for the state of South Dakota. Customer complaint rate data came from the National Association of Insurance Commissioners (NAIC), and company quality scores came from HealthCare.gov.

Healthinsurance.org provided information related to short-term health insurance in South Dakota.

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.