Health Insurance

Best Cheap Health Insurance in West Virginia 2022

Best Cheap Health Insurance in West Virginia 2022

Find Cheap Health Insurance Quotes in West Virginia

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Affordable health insurance in West Virginia can be purchased through the state insurance exchange or acquired through Medicaid if your household income falls below 138% of the federal poverty level.

The average monthly health insurance premium, across all plan tiers, is $723 in West Virginia for a 40-year-old — this represents a 7% increase over the past year.

After comparing Silver health insurance policies, we concluded that the CareSource Marketplace Low Premium Silver is the cheapest Silver plan in the state. CareSource West Virginia Co. and Highmark Blue Cross Blue Shield West Virginia are the two companies covering the state. Both companies offer a variety of health insurance policies across all metal tiers.

Cheapest health insurance by plan tier

To help you find your best policy, we compared all health plans on the West Virginia exchange and identified a cheap health insurance policy for each level of coverage. The table below shows the cheapest health insurance policy for each plan tier, along with each plan's deductible, out-of-pocket maximum and premium. These plans should be used as an initial point for evaluating your health insurance needs and the coverage you can expect from a given plan tier.

Plan tier
Cheapest plan
Monthly cost
Deductible
Out-of-pocket maximum
Catastrophicmy Blue Access WV Major Events EPO 8700 - 3 Free PCP Visits$493$8,700$8,700
Expanded BronzeCareSource Marketplace Bronze First$630$7,700$8,700
SilverCareSource Marketplace Low Premium Silver$758$6,500$8,700
Goldmy Blue Access WV EPO Gold 0$879$0$7,500

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As you can see in the table above, health insurance in West Virginia is divided into coverage levels: Catastrophic, Expanded Bronze, Silver and Gold. The higher tiers have the most expensive premiums along with the lowest deductibles, while a tier like Expanded Bronze has high deductibles with cheap monthly premiums.

One of the key factors in determining the price of a health insurance policy is age. The graph below shows the average costs of health insurance depending on the plan tier of the policy and the age of the insured. For example, for a Silver health plan, a 40-year-old will pay $181 more on average per month in premiums than a 21-year-old. This jump in monthly costs becomes even larger for a 60-year-old who will pay $934 more than a 40-year-old for Silver coverage.

Average Monthly Cost of Health Insurance Plans by Metal Tier in West Virginia

Finding your best health insurance coverage in West Virginia

The best health insurance coverage for you in West Virginia should be determined by taking into account your county, level of income and expected medical expenses. West Virginia opted to expand its Medicaid plan under the Affordable Care Act (ACA). This allows individuals with household incomes below 138% of the federal poverty level to be eligible for Medicaid coverage.

If you do not fall into this category, you might be able to buy health insurance on the West Virginia exchange. The plans offered to you will be dependent on your county, but all eligible residents can choose among policies at all metal tiers. The tiers vary by their typical premium amounts, deductibles and other out-of-pocket expenses.

Start by shopping for Silver plans

Silver plans are typically middle-ground policies that fall in between Gold and Expanded Bronze plans with regard to premiums and deductibles. For example, in West Virginia, the monthly health insurance cost of a Silver plan for a 40-year-old is $831 on average. This is $62 less than the premium for a Gold plan, which is $893 per month. So, unless you believe you are very healthy or know you will have large medical expenses, we would recommend considering a Silver health plan.

All metal tiers offer premium tax credits, but Silver plans are eligible for extra cost-sharing reductions if your household income falls below 250% of the federal poverty line. In this case, you would be eligible to receive discounts on your deductible, copayments and coinsurance.

The cheapest Silver plan in West Virginia is the CareSource Marketplace Low Premium Silver. Compare all tiers in West Virginia above.

Gold plans: Best if you expect high medical costs

Gold plans are the highest tier plans available in West Virginia. A Gold health plan has the most expensive monthly premiums but also the lowest deductible. Gold plans work well if you expect to have high medical costs throughout the year. For example, if you need prescription drugs, a Gold plan with a low deductible might allow you to save money.

The cheapest Gold plan in West Virginia is the my Blue Access WV EPO Gold 0. Compare all tiers in West Virginia above.

Expanded Bronze plans

Expanded Bronze plans are health insurance policies with lower premiums and higher deductibles. These health plans are best suited for healthy and young people who expect to not have many medical expenses throughout the year. These policies only provide most of their coverage if you have surpassed the high deductible level, such as in the case of an extreme medical emergency where there are very high medical costs.

The cheapest Expanded Bronze plan in West Virginia is the CareSource Marketplace Bronze First. Compare all tiers in West Virginia above.

Health insurance companies in West Virginia

West Virginia residents can choose between two insurance providers on the state marketplace: CareSource West Virginia Co. and Highmark Blue Cross Blue Shield West Virginia. Both companies offer policy options in every county, but you could be limited to certain health plans depending on where you live.

Cheapest health insurance plan by county

Depending on where you live, you may pay a different premium for a particular health insurance policy since prices are determined by county. But the CareSource Marketplace Low Premium Silver plan, which is the cheapest Silver plan in each county, is the same price no matter where you live. A 40-year-old will pay the same rate of $757.93 anywhere in West Virginia.

Below we have provided a list of each West Virginia county and rates for the CareSource Marketplace Low Premium Silver plan depending on the size of your family.

County
Cheapest Silver plan
Single adult, age 40
Couple, age 40
Couple, age 40 plus child
BarbourCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
BerkeleyCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
BooneCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
BraxtonCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
BrookeCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
CabellCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
CalhounCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
ClayCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
DoddridgeCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
FayetteCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
GilmerCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
GrantCareSource Marketplace Low Premium Silver$757.93$1,515.86$1,969.55
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Average cost of health insurance by family size in West Virginia

Along with age and your county of residence, the size of your family will directly impact health insurance costs. For example, the average Silver health insurance policy that covers a family of three, with a couple and one child, costs $497 more per month in West Virginia than a policy designed to supply coverage for just a couple.

The table below shows the average monthly premium costs for families based on the number of people covered. As you can see, the average cost to add a child under the age of 15 is $497. This is much lower than the average cost of adding an adult to your Silver health insurance policy, which is $831.

Family size
Average cost
Individual and child$1,329
Couple, age 40$1,662
Family of three (adult couple and a child)$2,160
Family of four (adult couple and two children)$2,657
Family of five (adult couple and three children)$3,155

Adults are assumed to be 40 years old. Children are assumed to be 14 or younger. Sample rates are based on the average monthly cost of a Silver plan in West Virginia.

Health insurance rate changes in West Virginia

The costs of health insurance plans are set by each insurer offering coverage in West Virginia, though rate schedules are given to the state exchange for approval.

Across all policies, the average cost of a health plan in West Virginia increased by 7% compared to 2021.

Plan tier
2020
2021
2022
Change 2022 vs. 2021
Catastrophic$477$482$4932%
Expanded Bronze$594$641$6755%
Silver$658$694$83120%
Gold$845$874$8932%

Monthly rates are based on a 40-year-old adult.

Methodology

West Virginia health insurance policy data was aggregated from filings on the Centers for Medicare & Medicaid Services (CMS) government website. ValuePenguin calculated average rates across metal tier, county and family size using the CMS Public Use Files (PUFs). Plans and providers for which county-level data was included in the CMS Crosswalk file were used in our analysis; those excluded from this dataset 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.