Health Insurance

Best Cheap Health Insurance in Vermont 2022

Best Cheap Health Insurance in Vermont 2022

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 Silver 1 was the cheapest health plan in Vermont.

In Vermont, the average cost of health insurance in 2022 is $581 per month for a Bronze plan and $760 for a Silver plan.

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

In 2022, health insurance costs in Vermont have increased an average of 11%. The biggest increase was in the cost of Silver plans, which increased 15% from 2021 to 2022.

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
Monthly cost for a 40-year-old
Deductible
Maximum Out-of-Pocket
BronzeMVP VT Plus Bronze 1$571$7,250$8,400
SilverMVP VT Plus Silver 1$732$1,750$6,950
GoldMVP VT Gold 1$752$1,200$5,400
PlatinumMVP VT Platinum 1$914$400$1,400

Find Cheap Health Insurance Quotes in Your Area

Currently insured?

Health insurance premiums fall under four metal tiers: Bronze, Silver, Gold and Platinum. Additionally, you should note that the monthly premium for health insurance is for an adult individual. Health insurance premiums are usually determined by the applicant's age, but in Vermont, that is not the case.

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, be sure to carefully review the policy premiums and deductibles for each metal tier to determine affordability. 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 helpful 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 those with average medical needs

Silver health insurance policies are a good middle ground for most people, since they have moderate monthly costs along with mid-range deductibles and out-of-pocket maximums. A Silver policy can be a great option 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, which lowers your monthly costs. 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 for each medical treatment and could lower your deductible and out-of-pocket maximum.

The cheapest Silver plan in Vermont is MVP VT Plus 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, only consider this metal tier 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, two companies currently 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. MVP Health Plan's VT Plus Silver 1 policy is the cheapest at $732 per month for a 40-year-old, or $1,464 for a couple.

County
Cheapest Plan
Cost
Cost for a couple
AddisonMVP VT Plus Silver 1$732$1,464
BenningtonMVP VT Plus Silver 1$732$1,464
CaledoniaMVP VT Plus Silver 1$732$1,464
ChittendenMVP VT Plus Silver 1$732$1,464
EssexMVP VT Plus Silver 1$732$1,464
FranklinMVP VT Plus Silver 1$732$1,464
Grand IsleMVP VT Plus Silver 1$732$1,464
LamoilleMVP VT Plus Silver 1$732$1,464
OrangeMVP VT Plus Silver 1$732$1,464
OrleansMVP VT Plus Silver 1$732$1,464
RutlandMVP VT Plus Silver 1$732$1,464
WashingtonMVP VT Plus Silver 1$732$1,464
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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 plans and average costs.

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.