Health Insurance

Best Cheap Health Insurance in Virginia 2020

Find Cheap Health Insurance Quotes in Virginia

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Consumers seeking health insurance in the state of Virginia can find affordable options by looking at the plans offered on the health insurance marketplace. Overall, the companies that offered the cheapest health insurance premiums for a given tier are Healthkeepers and Optima. Consumers interested in the cheapest premium payments should look toward these providers in their search for health insurance.

The average cost of health insurance in Virginia is $466 a month for a 40-year-old for 2020 plans. This represents a 12% decrease since 2018, or $65 less per month.

In the majority of Virginia counties, the Anthem HealthKeepers Silver X 6250 had the most affordable premiums of all Silver plans. Anthem HealthKeepers also covers the largest area, at 129 counties, while Optima serves 30 counties. All the other health plan providers cover less than half the available counties in the state.

Cheapest health insurance by metal tier

We compared Virginia health plans by metal tier to help you find the best health insurance rates for your chosen level of coverage. No insurer offers coverage in every county, so the plans listed below may not be available where you live. But we recommend using these as a starting point to compare health care costs across tiers.

Metal tierCheapest planDeductibleOut-of-pocket maximumMonthly cost for a 40-year-old
CatastrophicBlueChoice HMO Young Adult 8150$8,150$8,150$236
BronzeOptimaFit Bronze 7500 40% Select CH M$7,500$8,150$355
Expanded BronzeOptimaFit Bronze 7200 40% Direct M$7,200$8,150$366
SilverOptimaFit Silver 6600 30% Select CH M$6,600$8,150$460
GoldOptimaFit Gold 1600 15% Select CH M$1,600$8,150$478
PlatinumKP VA Platinum 0/10/Dental$0$4,000$710

Within a given tier of coverage, your actual health insurance costs will depend on your age and income. As you can see below, a 60-year-old in Virginia would pay 112% more for the same level of medical coverage compared to a 40-year-old. But a premium for a 21-year-old would be 22% cheaper compared to a 40-year-old.

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

Finding your best health insurance coverage in Virginia

The overall best cheap health insurance plan for you in Virginia will depend on your income and health status. Individuals who expect to have a lot of medical costs may pay less overall if they choose a health plan with higher premiums — such as a Gold policy — with lower out-of-pocket costs. This is especially true if you select a Silver plan and you qualify for cost-sharing reductions, which further reduce your copays, coinsurance and deductibles.

Start by browsing Silver plans

For all but the healthiest consumers, we suggest you begin your search by looking at the Silver plans. These plans are generally a little more expensive in terms of monthly premiums, but they come with substantially lower cost sharing than Bronze or Catastrophic health plans. Furthermore, they are the only plans eligible for additional subsidies for cost-sharing reductions. If your income is less than 250% of the federal poverty level, your copays, coinsurance and deductibles will be more affordable..

Consumers with recurring medical bills will see the benefits of lower out-of-pocket expenses immediately. The cheaper out-of-pocket maximums and deductibles will limit the risk of large payments, should you need urgent medical care. Silver plans are generally the best health insurance plans, as they strike a good balance between what you pay for premiums versus out-of-pocket costs.

Cheap Bronze plans are best for the healthy

While Bronze plans have lower premiums, this is only part of the cost of health care. Bronze plans will typically have much higher deductibles and out-of-pocket costs, so if you need treatment, your total costs will increase. The Bronze and Catastrophic plans will generally be a cheaper overall option for consumers who are healthier and have less need for routine medical care. In such cases, the lower premiums combined with the lower likelihood of out-of-pocket expenses make these health insurance plans best for young, healthy applicants.

Short-term health insurance in Virginia

Virginia residents can purchase short-term health coverage through insurers outside the health exchange. However, state regulations regarding short-term policies are stricter when compared to federal laws. Initial coverage is limited to six months, and policies can't be renewed after the term ends.

A short-term policy can be a good option if you do not have employer-sponsored coverage, do not qualify for Medicaid or missed open enrollment. However, a short-term plan will not cover some of the essential health benefits such as maternity care, mental health services or prescription drugs. Therefore, you should evaluate your health care needs before purchasing one of these policies.

Find Cheap Health Insurance Quotes in Your Area

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Best cheap health insurance companies in Virginia

Currently, nine health insurance companies offer Affordable Care Act-compliant plans in Virginia, which is two more than last year. For shoppers with incomes under 400% of the federal poverty level, plans purchased through the exchanges will be eligible for premium assistance through tax subsidies. The companies offering plans in Virginia this year are:

  • CareFirst BlueChoice Inc.
  • Cigna Health and Life Insurance Co.
  • Group Hospitalization and Medical Services Inc.
  • HealthKeepers Inc.
  • Kaiser Foundation Health Plan of the Mid-Atlantic States Inc.
  • Optima Health Plan
  • Oscar Insurance Co.
  • Piedmont Community HealthCare HMO Inc.
  • Virginia Premier Health Plan Inc.

Cheapest health insurance plan by county

To help with your search, the following table outlines which insurer offers the cheapest Silver plan in each county in Virginia. The prices listed here are before any subsidies are applied. Anyone with an income low enough to qualify for a subsidy will see prices that fall under these amounts.

CountyCheapest Silver planSingle adult, age 40Couple, age 40Couple, age 40, and child
AccomackAnthem HealthKeepers Silver X 6250$513$1,027$1,334
AlbemarleOptimaFit Silver 6600 30% Select CH M$460$921$1,196
Alexandria CityCigna Connect 6500$527$1,054$1,369
AlleghanyAnthem HealthKeepers Silver X 6250$513$1,027$1,334
AmeliaAnthem HealthKeepers Silver X 6250$489$977$1,269
AmherstAnthem HealthKeepers Silver X 6250$541$1,082$1,406
AppomattoxAnthem HealthKeepers Silver X 6250$541$1,082$1,406
ArlingtonCigna Connect 6500$527$1,054$1,369
AugustaAnthem HealthKeepers Silver X 6250$513$1,027$1,334
BathAnthem HealthKeepers Silver X 6250$513$1,027$1,334
BedfordAnthem HealthKeepers Silver X 6250$541$1,082$1,406
BlandAnthem HealthKeepers Silver X 6250$513$1,027$1,334
BotetourtAnthem HealthKeepers Silver X 6250$541$1,083$1,407
Bristol CityAnthem HealthKeepers Silver X 6250$513$1,026$1,333
BrunswickAnthem HealthKeepers Silver X 6250$513$1,027$1,334
BuchananAnthem HealthKeepers Silver X 6250$513$1,027$1,334
BuckinghamAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Buena Vista CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
CampbellAnthem HealthKeepers Silver X 6250$541$1,082$1,406
CarolineAnthem HealthKeepers Silver X 6250$489$977$1,269
CarrollAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Charles CityAnthem HealthKeepers Silver X 6250$489$977$1,269
CharlotteAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Charlottesville CityOptimaFit Silver 6600 30% Select CH M$460$921$1,196
Chesapeake CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
ChesterfieldAnthem HealthKeepers Silver X 6250$489$977$1,269
ClarkeAnthem HealthKeepers Silver X 6250$514$1,028$1,336
Colonial Heights CityAnthem HealthKeepers Silver X 6250$489$977$1,269
Covington CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
CraigAnthem HealthKeepers Silver X 6250$541$1,083$1,407
CulpeperAnthem HealthKeepers Silver X 6250$513$1,027$1,334
CumberlandAnthem HealthKeepers Silver X 6250$489$977$1,269
Danville CityAnthem HealthKeepers Silver X 6250$513$1,026$1,334
DickensonAnthem HealthKeepers Silver X 6250$513$1,027$1,334
DinwiddieAnthem HealthKeepers Silver X 6250$489$977$1,269
Emporia CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
EssexAnthem HealthKeepers Silver X 6250$513$1,027$1,334
FairfaxAnthem HealthKeepers Silver X 6250$514$1,028$1,336
Fairfax CityCigna Connect 6500$527$1,054$1,369
Falls Church CityCigna Connect 6500$527$1,054$1,369
FauquierAnthem HealthKeepers Silver X 6250$514$1,028$1,336
FloydAnthem HealthKeepers Silver X 6250$513$1,027$1,334
FluvannaOptimaFit Silver 6600 30% Select CH M$460$921$1,196
FranklinAnthem HealthKeepers Silver X 6250$541$1,083$1,407
Franklin CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
FrederickAnthem HealthKeepers Silver X 6250$527$1,054$1,370
Fredericksburg CityAnthem HealthKeepers Silver X 6250$514$1,028$1,336
Galax CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
GilesAnthem HealthKeepers Silver X 6250$581$1,163$1,511
GloucesterOptimaFit Silver 6600 30% Direct M$478$955$1,241
GoochlandAnthem HealthKeepers Silver X 6250$489$977$1,269
GraysonAnthem HealthKeepers Silver X 6250$513$1,027$1,334
GreeneOptimaFit Silver 6600 30% Select CH M$460$921$1,196
GreensvilleAnthem HealthKeepers Silver X 6250$513$1,027$1,334
HalifaxAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Hampton CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
HanoverAnthem HealthKeepers Silver X 6250$489$977$1,269
Harrisonburg CityOptimaFit Silver 6600 30% Select RK M$491$982$1,276
HenricoAnthem HealthKeepers Silver X 6250$489$977$1,269
HenryAnthem HealthKeepers Silver X 6250$513$1,027$1,334
HighlandAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Hopewell CityAnthem HealthKeepers Silver X 6250$489$977$1,269
Isle of WightOptimaFit Silver 6600 30% Direct M$478$955$1,241
James CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
King and QueenAnthem HealthKeepers Silver X 6250$489$977$1,269
King GeorgeAnthem HealthKeepers Silver X 6250$513$1,027$1,334
King WilliamAnthem HealthKeepers Silver X 6250$489$977$1,269
LancasterAnthem HealthKeepers Silver X 6250$513$1,027$1,334
LeeAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Lexington CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
LoudounAnthem HealthKeepers Silver X 6250$514$1,028$1,336
LouisaAnthem HealthKeepers Silver X 6250$489$977$1,269
LunenburgAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Lynchburg CityAnthem HealthKeepers Silver X 6250$541$1,082$1,406
MadisonAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Manassas CityAnthem HealthKeepers Silver X 6250$514$1,028$1,336
Manassas Park CityAnthem HealthKeepers Silver X 6250$514$1,028$1,336
Martinsville CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
MathewsOptimaFit Silver 6600 30% Direct M$478$955$1,241
MecklenburgAnthem HealthKeepers Silver X 6250$513$1,027$1,334
MiddlesexAnthem HealthKeepers Silver X 6250$513$1,027$1,334
MontgomeryAnthem HealthKeepers Silver X 6250$581$1,163$1,511
NelsonOptimaFit Silver 6600 30% Select CH M$460$921$1,196
New KentAnthem HealthKeepers Silver X 6250$489$977$1,269
Newport News CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
Norfolk CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
NorthamptonAnthem HealthKeepers Silver X 6250$513$1,027$1,334
NorthumberlandAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Norton CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
NottowayAnthem HealthKeepers Silver X 6250$513$1,027$1,334
OrangeAnthem HealthKeepers Silver X 6250$513$1,027$1,334
PageAnthem HealthKeepers Silver X 6250$513$1,027$1,334
PatrickAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Petersburg CityAnthem HealthKeepers Silver X 6250$489$977$1,269
PittsylvaniaAnthem HealthKeepers Silver X 6250$513$1,026$1,334
Poquoson CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
Portsmouth CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
PowhatanAnthem HealthKeepers Silver X 6250$489$977$1,269
Prince EdwardAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Prince GeorgeAnthem HealthKeepers Silver X 6250$489$977$1,269
Prince WilliamAnthem HealthKeepers Silver X 6250$514$1,028$1,336
PulaskiAnthem HealthKeepers Silver X 6250$581$1,163$1,511
RadfordAnthem HealthKeepers Silver X 6250$581$1,163$1,511
RappahannockAnthem HealthKeepers Silver X 6250$513$1,027$1,334
RichmondAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Richmond CityAnthem HealthKeepers Silver X 6250$489$977$1,269
RoanokeAnthem HealthKeepers Silver X 6250$541$1,083$1,407
Roanoke CityAnthem HealthKeepers Silver X 6250$541$1,083$1,407
RockbridgeAnthem HealthKeepers Silver X 6250$513$1,027$1,334
RockinghamOptimaFit Silver 6600 30% Select RK M$491$982$1,276
RussellAnthem HealthKeepers Silver X 6250$513$1,027$1,334
SalemAnthem HealthKeepers Silver X 6250$541$1,083$1,407
ScottAnthem HealthKeepers Silver X 6250$513$1,026$1,333
ShenandoahAnthem HealthKeepers Silver X 6250$513$1,027$1,334
SmythAnthem HealthKeepers Silver X 6250$513$1,027$1,334
SouthamptonAnthem HealthKeepers Silver X 6250$513$1,027$1,334
SpotsylvaniaAnthem HealthKeepers Silver X 6250$514$1,028$1,336
StaffordAnthem HealthKeepers Silver X 6250$514$1,028$1,336
Staunton CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Suffolk CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
SurryOptimaFit Silver 6600 30% Direct M$478$955$1,241
SussexAnthem HealthKeepers Silver X 6250$489$977$1,269
TazewellAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Virginia Beach CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
WarrenAnthem HealthKeepers Silver X 6250$514$1,028$1,336
WashingtonAnthem HealthKeepers Silver X 6250$513$1,026$1,333
Waynesboro CityAnthem HealthKeepers Silver X 6250$513$1,027$1,334
WestmorelandAnthem HealthKeepers Silver X 6250$513$1,027$1,334
Williamsburg CityOptimaFit Silver 6600 30% Direct M$478$955$1,241
Winchester CityAnthem HealthKeepers Silver X 6250$527$1,054$1,370
WiseAnthem HealthKeepers Silver X 6250$513$1,027$1,334
WytheAnthem HealthKeepers Silver X 6250$513$1,027$1,334
YorkOptimaFit Silver 6600 30% Direct M$478$955$1,241

Average cost of health insurance by family size in Virginia

The size of your family, as well as the age of each person insured by the policy, will directly impact the cost of a health insurance plan. Children ages 14 and under typically have a flat cost of coverage, but those 15 and older will face increasing premiums based on their age.

For instance, if you get married and add your 40-year-old spouse to your Silver health insurance plan, your premiums would increase by an average of $547 per month in Virginia. But if you add your 12-year-old child to a policy, the average increase in monthly premiums would only be $328. So a family of five would pay $655 more per month for a Silver health plan, on average, than a family of three, assuming two adults were covered.

Family sizeAverage monthly cost of health plan
Individual + child$875
Couple age 40$1,094
Family of three (adult couple and a child)$1,422
Family of four (adult couple and two children)$1,749
Family of five (adult couple and three children)$2,077
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Virginia.

Health insurance rate changes in Virginia

In Virginia, the average cost of a 2020 health plan is 12% cheaper than plans from two years ago. Premiums are, on average, $65 less per month for a 40-year-old.

While the cost of Gold, Bronze and Catastrophic health insurance policies decreased by more than 10% on average, Platinum plans increased in price by 23%. The average Platinum plan in Virginia is $131 more expensive than in 2018, whereas Gold plans are $174 cheaper.

Metal tier2018 premium2020 premium% Change
Catastrophic$380$312-17.87%
Bronze$446$389-12.78%
Expanded Bronze$400$4112.84%
Silver$567$547-3.50%
Gold$730$556-23.84%
Platinum$579$71022.58%
Rates are based on a 40-year-old adult.

Methodology

The health insurance rates and plan information used in this analysis were sourced from the Centers for Medicare & Medicaid Services (CMS) website. In our analysis, ValuePenguin determined the average rates by metal tier, family size and region by referencing cost data from CMS's Public Use Files (PUF).

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.