Health Insurance

Best Cheap Health Insurance in Vermont 2021

Best Cheap Health Insurance in Vermont 2021

Find Cheap Health Insurance Quotes in Vermont

Currently insured?

In Vermont, you can purchase cheap health insurance on the Vermont Health Connect exchange if you do not already receive coverage through an employer or the Medicaid program. After comparing all Silver health insurance policies from the state marketplace, we concluded that the MVP VT Plus Reflective Silver 1 was the cheapest health plan in Vermont.

Select a plan tier to learn more:

Health insurance in Vermont is unique because age is not used to set premiums for health insurance, and rates are instead standardized across all adult age groups.

Cheapest health insurance coverage by metal tier

To help you compare plans and prices, we have identified health policies in Vermont with the most affordable health insurance premiums that are available for each metal tier. The table below shows the cheapest plan, along with the deductible, out-of-pocket maximum and monthly premium for an adult.

Metal tier
Cheapest plan
Deductible
Maximum Out-of-Pocket
Monthly cost for a 40-year-old
BronzeMVP VT Plus Bronze 1$7,250$8,400$491
SilverMVP VT Plus Reflective Silver 1$1,500$6,700$574
GoldMVP VT Gold 1$1,100$5,200$674
PlatinumMVP VT Platinum 1$350$1,400$798
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Find Cheap Health Insurance Quotes in Your Area

Currently insured?

As you can see, health insurance premiums are broken into four metal tiers: Bronze, Silver, Gold and Platinum. Additionally, you should note that the monthly premium for health insurance is for an adult individual. Usually, health insurance premiums are determined by the applicant's age, but in Vermont, age is not used to determine the price you would pay for health coverage.

Finding the best health insurance coverage in Vermont

The best health insurance for you and your family will depend on the availability of plans in your area, as well as your medical and financial situation. When evaluating policies, you should carefully review the policy premiums and deductibles for each metal tier to determine what is affordable. If you expect high medical expenses, you should select a higher tier policy with a lower deductible.

Gold and Platinum: Best if you have high medical expenses

The highest tiers offered in Vermont are Gold and Platinum health insurance policies. These plans have the highest monthly premiums and provide the most affordable deductibles and out-of-pocket maximums. For this reason, they can be useful if you have high medical expenses, in which case you would be able to reach the deductible quickly and begin coinsurance benefits.

The cheapest Gold plan in Vermont is MVP VT Gold 1. The cheapest Platinum plan is MVP VT Platinum 1. Compare all tiers in Vermont above.

Silver: Best for low-income families

Silver health insurance policies are a good middle ground for most people, since they have average premiums along with deductibles and out-of-pocket maximums that are attainable. A Silver policy can be a great choice for people who may have just started a family and have additional medical expenses associated with their newborns.

All health insurance policies have access to premium tax credits. However, Silver plans have an added benefit for low-income households: A Silver policy is eligible for cost-sharing reduction benefits, which can decrease the amount you are required to pay in coinsurance and premiums. These reductions are available to anyone with a household income of less than 250% of the federal poverty level.

The cheapest Silver plan in Vermont is MVP VT Plus Reflective Silver 1. Compare all tiers in Vermont above.

Bronze: Best for young and healthy individuals

Bronze tier policies are the cheapest plans offered on the Vermont Health Connect marketplace but also have the highest levels for deductibles and out-of-pocket maximums. For this reason, both of these metal tiers should only be considered if you are extremely healthy.

The cheapest Bronze plan in Vermont is MVP VT Plus Bronze 1. Compare all tiers in Vermont above.

Health insurance companies in Vermont

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

  • Blue Cross Blue Shield of Vermont
  • MVP Health Plan

Both health insurance companies provide policies in all Vermont counties. However, each company may offer different benefits, like discount gym memberships and rewards for participating in healthy lifestyle activities. We recommend evaluating the policy details for both companies to decide which makes sense for your situation.

Cheapest Silver plan by county

In most states, health insurance premiums can differ depending on where you live. However, in Vermont, rates are standardized across all counties. Below we have provided the most affordable Silver policy for each county in the state.

County
Cheapest Plan
Age 40
Couple, Age 40
WindsorMVP VT Plus Reflective Silver 1$574$1,148
OrangeMVP VT Plus Reflective Silver 1$574$1,148
CaledoniaMVP VT Plus Reflective Silver 1$574$1,148
WindhamMVP VT Plus Reflective Silver 1$574$1,148
BenningtonMVP VT Plus Reflective Silver 1$574$1,148
ChittendenMVP VT Plus Reflective Silver 1$574$1,148
Grand IsleMVP VT Plus Reflective Silver 1$574$1,148
FranklinMVP VT Plus Reflective Silver 1$574$1,148
LamoilleMVP VT Plus Reflective Silver 1$574$1,148
AddisonMVP VT Plus Reflective Silver 1$574$1,148
WashingtonMVP VT Plus Reflective Silver 1$574$1,148
RutlandMVP VT Plus Reflective Silver 1$574$1,148
Show All Rows
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Methodology

To find the cost of health insurance in Vermont, we gathered rates from Vermont's health insurance exchange, Vermont Health Connect. We organized the plans by metal tier to find the cheapest plan for each metal tier, on average.

Sterling Price

Sterling Price is a research analyst at ValuePenguin specializing in health and life insurance. He graduated from Syracuse University with a bachelors degree in Finance and Accounting and has previous experience as a licensed life insurance representative.

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.