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Best Cheap Health Insurance in Texas 2021

Best Cheap Health Insurance in Texas 2021

Find Cheap Health Insurance Quotes in Texas

Currently insured?

The average cost of health insurance in Texas for a 40-year-old is $509 per month, which is a 4% increase over last year.

The Ambetter Balanced Care 29 (2021) plan was often the cheapest Silver health insurance available in the state. This plan was the cheapest in 43% of Texas's counties. Alternatively, the Blue Advantage Silver HMO℠ 205 plan may be another cheap alternative.

People looking for the best health insurance options in Texas can find cheap, subsidized policies offered on the Texas health insurance exchange. Currently there are 10 companies offering plans on the exchanges, although not all companies offer plans in every county.

Cheapest health insurance coverage by metal tier

To help you get started finding the best health insurance plan available for your preferred level of coverage, we compared Texas policies by metal tier and identified the cheapest health insurance option available in the state.

Metal tier
Cheapest plan
Deductible
Maximum out-of-pocket
Monthly cost*
CatastrophicFriday Catastrophic$8,550$8,550$236
BronzeFriday Bronze$8,550$8,550$256
Expanded BronzeFriday Bronze Plus$8,550$8,550$271
SilverMyBlue Health Silver 405$3,300$8,550$381
GoldBlue Advantage Gold HMO 206$7,500$8,550$506

*for a 40-year-old

The set of insurers and health plans varies by county, so not all of those listed above are available in every region. We recommend using these as a starting point to assess the monthly premiums you can expect as compared to benefits and out-of-pocket expenses.

A 40-year-old would pay rates 53% cheaper than what a 60-year-old would pay for the same coverage.

chart monthly cost of health insurance in Texas
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Finding your best health insurance coverage in Texas

Determining which health plan is the best for you and your family will depend on a number of factors. The primary factors to consider are:


Gold plans are best for high expected costs

Consumers with higher expected medical care needs, especially those who have routine prescription needs, should tailor their choices toward higher coverage. This can include the Gold-tiered plans, which come with a higher premium but also reduce your out-of-pocket expenses should you need medical care.

Gold plans will have much lower copays, coinsurance and deductibles, meaning each additional visit to a provider will be cheaper than a lower-tier plan.

It is especially important to consider the copays and coinsurance for prescription medication, as this is typically the one area of plan benefits that has the highest routine use.


Silver plans are best for the average or low-income consumer

Silver plans are the only plans that come with a cost-sharing reduction variation, which allows lower-income households to benefit from cheaper copays, deductibles and coinsurance compared to a standard plan.

Silver health plans are a good middle ground for most consumers since they balance out-of-pocket costs and monthly premium payments. Silver plans also have a huge advantage for low-income households.

For households with incomes less than 250% of the federal poverty level, a Silver plan is almost always the best option. These will offer lower premiums than Gold plans, and their cost sharing will be adjusted to match more expensive options.


Bronze and Catastrophic plans are best for the young and healthy

At the cheapest end of the premium spectrum are the Bronze and Catastrophic plans. These plans, while cheap in terms of premiums, come with high out-of-pocket costs, often with deductibles and out-of-pocket maximums near the highest allowable by law. In 2020, this is $8,150 for an individual and $16,300 for a household.

Consumers might find the lower premiums very appealing, but keep in mind these plans will generally cover nothing until you've paid thousands of dollars in expenses first.

This could be problematic if you don't have any disposable savings should you find yourself in need of moderate medical care. In such cases, you would effectively pay for the costs yourself. The Bronze and Catastrophic plans really help out in cases of significant emergencies where care will cost tens or hundreds of thousands of dollars.

Health insurance rate changes in Texas

Health insurance premiums changes are set by the health insurance companies on a yearly basis. Before these premiums are set, they are first approved by the federal health insurance exchange.

In Texas, the prices of every metal plan increased from 2020 to 2021. The highest increase affected Gold plans, which rose by 11%. Catastrophic plans increased by 2%, the lowest increase among the metal tiers.

Metal tier
2020
2021
Change
Catastrophic$331$3362%
Bronze$363$3938%
Expanded Bronze$400$4277%
Silver$491$5094%
Gold$546$60711%

Premiums are for a 40-year-old adult.

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Short-term health insurance in Texas

Federal regulations also do not require short-term health insurance to cover the essential health benefits — such as mental health services, maternity care and prescription drugs. For this reason, if you are considering purchasing a short-term plan, you should make sure it will cover your health needs.

Texas residents have the option of purchasing short-term health insurance. The state follows federal guidelines for this type of plan, meaning policyholders may purchase coverage for one year and renew policies for up to 36 months.

Additionally, a short-term health insurance company will require you to take a medical exam and you can be denied coverage due to a pre-existing condition.

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Best cheap health insurance companies in Texas

There are currently 10 health insurance companies on the Texas state exchange, which is the same as the previous year.

Health Insurance Companies in Texas

  • Blue Cross and Blue Shield of Texas
  • FirstCare Health Plans
  • Ambetter from Superior HealthPlan
  • CHRISTUS Health Plan
  • Community Health Choice
  • Sendero Health Plans, Local Nonprofit
  • Scott and White Health Plan
  • Oscar Insurance Co.
  • Molina Healthcare
  • Friday Health Plans

Cheapest health insurance plan by county

For the average consumer looking for a Silver health plan, we've created a list of the cheapest options for each county in Texas, as well as sample quotes for families of different sizes.

County
Cheapest plan
Age 40
Couple, age 40
Couple, age 40 + Child
AndersonBlue Advantage Silver HMO℠ 205$505$1,010$1,313
AndrewsBlue Advantage Silver HMO℠ 205$505$1,010$1,313
AngelinaBlue Advantage Silver HMO℠ 205$505$1,010$1,313
AransasCHP TX Basic Silver - Two Free PCP Visits$453$905$1,176
ArcherBlue Advantage Silver HMO℠ 205$597$1,193$1,550
Show All Rows

Average cost of health insurance by family size in Texas

The cost of a health insurance plan in Texas will vary based on your chosen policy, household income and the size of your family. Each family member added to your policy will increase your monthly health insurance premiums by a certain amount based upon their age.

For instance, children ages 14 and younger cost $305 to add to a Silver plan in Texas, whereas a 40-year-old adult costs an additional $509 to insure. A family of five would pay $610 more per month for a health plan than a family of three.

Family size
Average monthly cost of health plan
Individual + child$814
Couple age 40$1,019
Family of three (adult couple and a child)$1,324
Family of four (adult couple and two children)$1,628
Family of five (adult couple and three children)$1,933

Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Texas.

Recap of the best cheap health insurance in Texas

  • Catastrophic: Friday Catastrophic
  • Bronze: Friday Bronze
  • Expanded Bronze: Friday Bronze Plus
  • Silver: MyBlue Health Silver 405
  • Gold: Blue Advantage Gold HMO 206

Frequently asked questions

What is the average cost of health insurance in Texas?

The average cost of health insurance in Texas is $509 in 2021 for a 40-year-old. However, the cost of health insurance may change depending on variables such as location, age and the metal tier of coverage that you select. For example, a 40-year-old pays health insurance premiums that are 53% cheaper than that of a 60-year-old.

Which company has the most affordable health insurance in Texas?

In Texas, the cheapest health insurance company for most individuals is Ambetter, which offers the most affordable Silver policy in 43% of counties. Another cheap company to consider is Friday Health, which has the cheapest Bronze and Expanded Bronze policies, but is not widely available in Texas.

How do I get cheap health insurance in Texas?

When browsing for a new health insurance policy in Texas, the best way to ensure you get a cheap policy is to compare plans from several different companies. By comparing policies, you will be able to understand which companies place more emphasis on your location and age. Then, using your own criteria and needs, you can choose a policy that works best for you.

Methodology

Texas health insurance premiums and plans found in the above report were aggregated from Public Use Files (PUF) on the Centers for Medicare & Medicaid Services government website. Using the rates and premiums for each plan, averages were calculated for a variety of variables such as by metal tier, family size or county.

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.

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