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Best Cheap Health Insurance in Texas 2022

Best Cheap Health Insurance in Texas 2022

The MyBlue Health Silver plan from Blue Cross and Blue Shield of Texas is the cheapest Silver health insurance available in Texas, costing $400 for a 40-year-old in Houston.

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The cheapest health insurance plan in Texas varies by county. In 37% of Texas counties, the cheapest Silver plan is the Blue Advantage Silver HMO. Another widely available cheap option is the FirstCare Prime Silver HMO. You can find cheap, subsidized policies on the Texas health insurance exchange from up to 10 health insurance companies, although not all companies offer plans in every county.

Cheapest health insurance coverage by plan tier

The average cost of a Silver health insurance plan in Texas for a 40-year-old is $575 per month, which is a 13% increase over last year.

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

Plan tier
Cheapest plan
Monthly cost
Deductible
Out-of-pocket maximum
CatastrophicChristus CHP TX Catastrophic$260$8,700$8,700
BronzeBlue Advantage Bronze HMO, 301$323$8,700$8,700
Bronze ExpandedMyBlue Health Bronze, 402$316$7,400$8,700
SilverMyBlue Health Silver‚ 405$400$3,550$8,700
GoldMyBlue Health Gold‚ 403$380$1,100$8,700

Costs are 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.

Average cost of health insurance in Texas by age

The cost of health insurance increases as you age, and a 40-year-old pays about half of what a 60-year-old pays for a Silver plan.

chart monthly cost of health insurance in Texas

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How to find 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, including:

  • Expected health care costs in a given year
  • Amount of savings you have in case of emergency
  • Household income and if you qualify for discounted insurance through tax credits

Gold plans are best if you expect to need expensive medical care

Consumers with higher medical needs, especially those who need routine prescriptions or expensive procedures, should choose a plan with better coverage such as a Gold-tier plan. These plans have a higher monthly cost, but they will reduce your out-of-pocket expenses for medical care, ultimately saving you money.

Gold plans will have much lower copays, coinsurance and deductibles, meaning each visit to a provider will be cheaper than with 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, 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

The cheapest health insurance options are Bronze and Catastrophic plans. These plans, while having low monthly premiums, come with high out-of-pocket costs, often with deductibles and out-of-pocket maximums near the highest amount allowable by law. For 2022, this is $8,700 for an individual and $17,400 for a household.

You might find lower premiums very appealing, but these plans will generally cover nothing until you've paid thousands of dollars in bills first.

This could be problematic if you don't have any disposable savings if 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 premium 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 average monthly prices of every plan tier increased for 2022 compared to 2021. The highest increase affected Bronze and Silver plans, which rose by 13%. Catastrophic plans increased by 5%, the lowest increase among the plan tiers.

Plan tier
2021
2022
Change
Catastrophic$336$3545%
Bronze$393$44513%
Bronze Expanded$427$47110%
Silver$509$57513%
Gold$607$6527%

Premiums are for a 40-year-old adult.

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Short-term health insurance in Texas

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.

Federal regulations 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.

A short-term health insurance company will require you to take a medical exam, and you can be denied coverage due to a preexisting 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
  • Celtic Insurance Co.
  • Christus Health Plan
  • Community Health Choice Inc.
  • FirstCare Health Plans
  • Friday Health Insurance Co. Inc
  • Molina Healthcare of Texas Inc.
  • Oscar Insurance Co.
  • Scott and White Health Plan
  • Sendero Health Plans Inc.

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 name
Cheapest Silver plan
Adult
Couple
Couple & child
AndersonBlue Advantage Silver HMO‚ 205$520$1,040$1,352
AndrewsFirstCare Prime Silver HMO, 008$504$1,009$1,310
AngelinaBlue Advantage Silver HMO‚ 205$520$1,040$1,352
AransasChristus CHP TX Basic Silver$455$911$1,183
ArcherBlue Advantage Silver HMO‚ 205$637$1,275$1,657
Show All Rows

Costs are based on a 40-year-old adult and children under age 15.

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, your 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 cost $344 to add to a Silver plan in Texas, whereas a 40-year-old adult costs an additional $575 to insure. A family of five would pay $689 more per month for a health plan than a family of three.

Family size
Average cost
Adult & child$920
Couple (two adults)$1,151
Family of three (two adults & child)$1,495
Family of four (two adults & two children)$1,839
Family of five (two adults & three children)$2,184

Average Silver plan costs are for 40-year-old adults and dependents under age 15.

Recap of the best cheap health insurance in Texas

  • Catastrophic: Christus CHP TX Catastrophic
  • Bronze: Blue Advantage Bronze HMO‚ 301
  • Expanded Bronze: MyBlue Health Bronze‚ 402
  • Silver: MyBlue Health Silver‚ 405
  • Gold: MyBlue Health Gold‚ 403

Frequently asked questions

What is the average cost of health insurance in Texas?

The average cost of health insurance in Texas is $575 for a 40-year-old buying a Silver plan for 2022. 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 those 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 Blue Cross and Blue Shield of Texas, which offers the most affordable Silver policy in 37% of counties. Another cheap company to consider is FirstCare.

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 (PUFs) 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 metal tier, family size or county. Plans and providers for which county-level data was included in the CMS Crosswalk file were used in our analysis; those excluded from this data set may not appear.

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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