the cheapest silver health insurance plan in connecticut is connecticare’s choice silver standard pos plan. this plan is the cheapest silver plan in all connecticut counties. however, the cost of coverage varies by county.
individual health insurance in connecticut is available for purchase through the access health ct statewide exchange. there, you can find a policy that fits your medical needs and financial situation. in connecticut, health plans are provided by two companies: anthem bluecross blueshield and connecticare.
cheaper health insurance coverage by metal level
To help you find the best health insurance, we compare plans at each level of coverage to find the most affordable policies in Connecticut. The table below shows the cheapest health insurance plans for each metal tier, along with the deductible, out-of-pocket maximum, and monthly premium for a 40-year-old.
This should be used as your initial starting point to evaluate the plan that makes the most financial sense and fits your medical needs.
health insurance in connecticut is divided into four metallic levels: bronze, silver, gold and platinum. As you can see from the table above, while bronze plans have the lowest premiums, they also have the highest deductibles and out-of-pocket maximums. In general, deductibles decrease as the metal level changes, although premiums increase. however, in the table above, the cheapest gold plan is actually slightly cheaper than the cheapest silver plan.
One of the main factors in determining your monthly premium is your age. In the chart below, we have compiled the average monthly premium for each level of coverage based on the age of the insured.
As you can see, a 40-year-old will pay 28%, or $122, more per month for a silver policy compared to a 21-year-old. As you age, policies get even more expensive, with 60-year-olds paying 112% more than 40-year-olds.
find the best health insurance coverage in connecticut
When shopping for the best health insurance, it’s important to consider your income level and anticipated medical expenses. connecticut has expanded medicaid to cover anyone with a family income of less than 138% of the federal poverty level. If you’re not eligible for Medicaid coverage, you can purchase an individual health insurance policy through the state marketplace. below, we provide details on the metal levels and who they are best suited for.
gold metal and platinum levels: best if you expect high medical bills
gold metal and platinum levels are best if you are older and expect to pay a lot of medical expenses during the year. Although these plans typically cost more, they have the lowest deductibles. this means that you will be able to meet the deductible faster and then access coinsurance benefits with the insurer. a gold or platinum metal level might be better if, for example, you need expensive prescription drugs and need to refill them monthly.
the cheapest gold plan in connecticut is the gold hmo bluecare prime, and the cheapest platinum plan is the flexpos platinum alternative. compare all levels in connecticut above.
silver metal level: deductibles and average premiums
silver metal tier plans have moderate deductibles and premiums compared to the other tiers offered in connecticut. For example, the average cost of a silver plan for a 40-year-old is $564. this is $104 more expensive than a bronze plan and $59 less than a gold plan.
silver plans are the only health insurance policies eligible for cost-sharing reductions if your household income falls below 250% of the federal poverty level. These reductions allow discounts on the amount you pay for deductibles, copays, and coinsurance. Due to this benefit, a silver plan could be more profitable compared to a gold plan.
See also: COBRA continuation coverage | ERS
the cheapest silver plan in connecticut is the choice pos standard silver. compare all levels in connecticut above.
bronze metal level: best for young and healthy people
The cheapest level of coverage available in Connecticut is the Bronze level. These plans have the lowest premiums but also the highest deductibles and out-of-pocket maximums. For this reason, bronze is best if you are young and in excellent health.
the cheapest bronze plan in connecticut is the alternative pcp pos bronze ticket. compare all levels in connecticut above.
short term medical insurance in connecticut
Short-term health insurance is no longer available in Connecticut. In 2020, the state changed the rules governing short-term health insurance requirements. After the rule change, no insurer offers this coverage in the state, although no law prohibits people from buying short-term coverage.
health insurance companies in connecticut
In connecticut, only two insurance companies offer plans in the state health marketplace: anthem bluecross blueshield and connecticare. both offer policies in every county, which means you have competitive options when trying to find a plan that fits your needs.
cheapest silver plan by county
The typical cost of health insurance and the availability of plans will depend on the Connecticut county in which you live. for example, the choice silver standard pos plan is the cheapest silver plan for a 40-year-old in all counties, but its monthly premium is $84 more expensive in fairfield county than in hartford.
Health insurance rates and plans are pulled from the Connecticut State Health Insurance Exchange, Access Health CT. Using the premiums, averages were determined for a variety of variables, such as metal level, age, and county. Plans and providers for which county-level data was included in the CMS match file were used in our analysis; those excluded from this dataset may not appear.