Best Cheap Health Insurance in Georgia 2022 – ValuePenguin

the cheapest health insurance in georgia in 2022 is ambetter balanced care 11, ambetter balanced care 30 or caresource marketplace low premium silver . These plans are the cheapest silver plans in all but one of Georgia’s counties. however, depending on the county you live in, there may be limited options for health insurance plans.

The State Exchange provides access to affordable health insurance plans in Georgia, or you may qualify for Medicaid depending on your household income. To help you start looking for your best health plan, we review all of the policies on the Georgia State Exchange.

Reading: How much is health insurance georgia

cheapest health insurance in georgia by metal level

In addition to the level of coverage chosen, your age is one of the most important factors in determining health insurance prices. For example, a 40-year-old would pay 28% more per month, on average, for the same health insurance plan as a 21-year-old in Georgia. this translates to an additional $86 per month for a silver health plan, or an additional $110 per month for a platinum health insurance policy.

we compare all health plans in the georgia marketplace and identify those with the lowest rates in each metal tier to help you determine the best policy for a given level of coverage. None of the insurers on the Georgia Health Insurance Exchange are available in all counties, so you may not have a choice between the policies listed below. but we recommend using them as a point of comparison when reviewing health plan benefits, out-of-pocket costs, and monthly rates.

As you can see above, the cost of health insurance varies significantly depending on the level of coverage you choose. The cheapest bronze policy is 16% cheaper in Georgia than a silver policy, while the cheapest gold policy is about the same price as the cheapest silver policy.

finding your best health insurance coverage in georgia

The best health insurance in Georgia for you will vary depending on where you live, as this determines the availability of insurers and policies. Although the number of insurers available in a county varies, not all levels of metal coverage are available in every county. platinum and catastrophic health insurance plans may not be an option in your area.

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Higher metal level policies, such as gold and platinum health plans, are often the best option if you expect high or constant medical expenses throughout the year. Although these health insurance plans have higher monthly rates, your out-of-pocket costs, such as deductibles and copays, are much lower. so if you need to use your health insurance, you’ll have to pay less before your policy provides coverage.

In contrast, bronze and catastrophic health insurance policies have the lowest premiums, but the highest cost-sharing features. For young, healthy shoppers who don’t expect to use their health coverage year-round, these policies offer the lowest cost. but we only recommend them if you can cover your out-of-pocket expenses after an emergency.

silver health plans are a good middle ground if you expect moderate health care expenses, balancing affordable rates and cost sharing. Silver policies are also likely to be the best affordable coverage if you have a low-income household, since these health plans qualify for cost-sharing subsidies.

short term medical insurance in georgia

Short-term health insurance is available to purchase in Georgia. The state follows federal regulations for these types of policies, which means they last for a maximum of one year and can be renewed for up to 36 months. Short-term health insurance may be a good option if you missed open enrollment or are currently out of work.

The federal short-term health insurance regulations also do not require short-term health insurance plans to cover essential health benefits. For this reason, if you know you’ll need certain services, such as maternity care, you should choose a plan carefully before purchasing short-term health insurance.

the best cheap health insurance companies in georgia

There are six health insurance companies listed on the Georgia State Stock Exchange, but in many parts of the state, you still won’t be able to choose between insurers.

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However, Ambetter has the cheapest plans in 81% (or 128) of the counties in the state. after ambetter, caresource offers the most affordable silver plan in 30 of georgia’s 159 counties.

cheapest health insurance plans by county

The county you live in will determine which insurers and health plans are available to you in the Georgia Marketplace, as well as the cost of your coverage. for example, the ambetter balanced care 11 plan costs $373 in lincoln county and is the cheapest silver plan in that region. meanwhile, the best priced silver plan in carroll county is $386: the solocare silver ppo (3 free pcp visits + $225 specialty drug copay).

To help you find the best health insurance policy, we looked at all the plans on the exchange and identified the cheapest silver plan in each county.

average cost of health insurance by family size in georgia

If you’re buying a health insurance policy to cover your family, each person covered by the plan will increase the cost of coverage based on their age, although children have a fixed price until they turn 15. For example, a 40-year-old couple in Georgia with two children would pay $472 more per month for a silver health plan that covers their family of four than they would for just themselves. This is because each child costs an average of $236 to add to a silver health insurance policy.

changes in health insurance rates in georgia

Health plan premiums are set by individual health companies. Once an insurer has decided on rates for the coming year, they are submitted to the Georgia Health Insurance Exchange for approval.

in georgia, the average cost of a silver health plan is 25% cheaper in 2022 than in 2021. the cost of gold policies decreased the least from 2021 to 2022, by 22%, or $154 per month. Catastrophic health insurance plans saw the most significant reduction in prices: Rates are 26% lower than in 2021, or $90 cheaper per month for the average 40-year-old.

frequently asked questions


The rates and terms of the health insurance plans referenced in this analysis were obtained from the Centers for Medicare & Government of Medicaid Services (CMS) website. valuepenguin calculated the average cost of a policy by metal tier, family size, and region by referencing data from the cms public use files (poof).

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