Health Insurance

Best Cheap Health Insurance in Utah 2020

Find Cheap Health Insurance Quotes in Your Area

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If you are looking for health insurance, you can find cheap policies on the Utah health insurance exchange. We researched policies in the state and found that, in the majority of counties, the Med Benchmark Silver 6200 was the cheapest Silver health insurance plan offered.

For a 2020 health plan, the average premium is $493 per month in Utah for a 40-year-old. This is 5% lower than in 2018, or around $24 cheaper per month on average.

Utah lawmakers also expanded Medicaid, so this is another coverage option if your income falls below 138% of the federal poverty level. Utah has five insurers that offer health policies in the state, and two provide coverage in all counties: SelectHealth and University of Utah Health Insurance Plans. That means residents will have plenty of options when selecting coverage.

Cheapest health insurance by metal tier

We compared all the plans offered on the Utah marketplace and identified the most affordable health insurance policies at every level of coverage. The table below shows each metal tier, along with its corresponding cheapest plan, deductible, out-of-pocket maximum and monthly cost for a 40-year-old.

Metal tierCheapest planDeductibleOut-of-pocket maximumMonthly cost for 40-year-old
CatastrophicValue Catastrophic 8150$8,150$8,150$245
BronzeValue Benchmark Bronze 8150$8,150$8,150$269
Expanded BronzeValue Expanded Bronze 7800 - no deductible for one urgent care and all PCP visits$7,800$8,150$291
SilverCigna Connect 1900$1,900$8,150$449
GoldValue Gold 1500 - no deductible for office visits$1,500$6,000$570

Health insurance in Utah is divided into five different metal tiers: Catastrophic, Bronze, Expanded Bronze, Silver and Gold. All tiers have different average prices, deductibles and out-of-pocket maximums. Furthermore, within each metal tier, there are multiple policy options available.

In the graph below, we have provided the average cost of health insurance based on metal tier for policyholders ages 21, 40 and 60. As you can see, costs increase as you become older. For a Silver health care plan, a 40-year-old will pay 48% more on average compared to a 21-year-old for the same level of coverage. A 60-year-old will pay 103% more than a 40-year-old for the same health plan.

Average monthly cost of health insurance plans by metal tier in Utah

Finding your best health insurance coverage in Utah

The Utah health insurance marketplace offers a wide variety of plans, but the best plan for you will depend on your income level and expected health care needs, in addition to a policy's cost. It is important to evaluate your personal health and financial situation first before selecting a policy to purchase.

Gold metal plans: Best for high expected medical costs

Gold health insurance policies have the highest premiums but also provide the most financial coverage if you have a large number of medical costs. This is due to the low deductible for Gold metal plans, as the health insurance provider pays a larger portion of medical expenses.

For example, if you use prescription drugs and refill the prescription often, then a Gold plan would work well because you will reach a policy's deductible very quickly.

Silver metal plans: A good middle ground for premiums and deductible

Silver plans are a great option if you know you will have medical expenses. Premiums and deductibles for a Silver plan offer a middle ground between Gold and Bronze policies. All policies in Utah, besides Catastrophic, offer premium tax credits.

However, Silver plans are slightly different in that they allow for extra cost-sharing reductions (CSR). Anyone with income below 250% of the federal poverty level can receive CSR subsidies on copayments and deductibles. This is a great attribute of Silver plans and can actually offer greater benefits than Gold plans but at a lower cost.

Bronze and Catastrophic: Best for young, healthier households

Bronze and Catastrophic health plans have the lowest rates in Utah, but this can come at a cost due to the very high deductible. The deductibles for these tiers will often be set at the maximum limit allowed, so you must first spend thousands of dollars before any coverage benefits would apply. Catastrophic plans also are only available if you are under the age of 30 or qualify for a hardship exemption.

Short-term health insurance in Utah

In Utah, you can buy a short-term health insurance policy through private insurers at any point during the year. The state allows a maximum coverage term of one year but does not allow these policies to be renewed after the initial coverage period.

Although short-term health insurance covers many health care treatments, it does not cover all of the essential health benefits. Therefore, you should make sure a short-term plan will provide sufficient coverage before purchasing one.

Find Cheap Health Insurance Quotes in Your Area

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Best cheap health insurance companies in Utah

In Utah, there are currently five health insurance companies that provide coverage on the state exchange:

  • BridgeSpan Health Co.
  • Cigna Health and Life Insurance Co.
  • Molina Healthcare of Utah
  • SelectHealth
  • University of Utah Health Insurance Plans

Depending on where you live, the selection of insurers and policies will vary. In Weber County, for instance, residents can choose from a variety of policies offered by all five insurers. But in Emery County, only plans from SelectHealth and University of Utah Health Insurance Plans are available. You should review each plan's premiums, deductibles and benefits.

Cheapest Silver plan by county

To help you begin your health insurance search, we identified the cheapest Silver plans for each county in Utah. The table below shows the name of the Silver policy, along with the rates for a 40-year-old single adult, a couple and a family of three.

CountyCheapest Silver planSingle adult, age 40Couple, age 40Couple, age 40, and child
BeaverMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
Box ElderConstant Care Silver 2 250$498$997$1,264
CacheMed Benchmark Silver 6200 - no deductible for office visits$546$1,093$1,386
CarbonMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
DaggettMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
DavisCigna Connect 1900$449$899$1,140
DuchesneMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
EmeryMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
GarfieldMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
GrandMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
IronMed Benchmark Silver 6200 - no deductible for office visits$549$1,098$1,392
JuabMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
KaneMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
MillardMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
MorganConstant Care Silver 2 250$498$997$1,264
PiuteMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
RichMed Benchmark Silver 6200 - no deductible for office visits$546$1,093$1,386
Salt LakeCigna Connect 1900$449$899$1,140
San JuanMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
SanpeteMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
SevierMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
SummitConstant Care Silver 2 250$470$941$1,193
TooeleValue Benchmark Silver 6200 - no deductible for office visits$452$904$1,146
UintahMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
UtahCigna Connect 1900$458$915$1,161
WasatchConstant Care Silver 2 250$470$941$1,193
WashingtonMed Benchmark Silver 6200 - no deductible for office visits$549$1,098$1,392
WayneMed Benchmark Silver 6200 - no deductible for office visits$596$1,193$1,513
WeberCigna Connect 1900$480$960$1,217

Average cost of health insurance by family size in Utah

Health insurance costs are largely dependent on the age of the people insured under the policy. For example, in Utah, if you want to add a 40-year-old adult to a health insurance policy, it would cost $588 on average, while adding a child to a health policy would cost $315. Below, we have provided the average cost of health insurance depending on the size of the family covered under the plan.

Family sizeAverage monthly cost of health plan
Individual + child$904
Couple age 40$1,176
Family of three (adult couple and a child)$1,492
Family of four (adult couple and two children)$1,807
Family of five (adult couple and three children)$2,122
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Utah.

Health insurance rate changes in Utah

Policy premiums are set by individual health companies in Utah. Then, once the rates have been determined, they are sent to the health insurance exchange for approval.

The average cost of a health plan in Utah is 5% cheaper in 2020 than in 2018 — a decrease of $24 per month for the average 40-year-old. While the cost has decreased across all policy types, the cost of Silver plans dropped most significantly. The average monthly cost of a Silver health plan in Utah is nearly 9% lower, or $55 less per month, in 2020 compared to 2018.

Metal tier2018 premium2020 premium% change
Catastrophic$309$300-2.96%
Bronze$384$354-7.75%
Expanded Bronze$454$428-5.80%
Silver$643$588-8.53%
Gold$742$738-0.51%
Rates are based on a 40-year-old adult.

Methodology

The Utah health insurance rates and plan data used in this analysis were sourced from the CMS (Centers for Medicare & Medicaid Services) website. We used the Public Use Files (PUF) from the CMS to calculate the mean rates for Utah residents across a variety of variables, such as metal tier, family size and 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.