Health Insurance Plans in Georgia

While there are lots of health insurance companies in Georgia, none of the companies serve each county in the state. In fact, only fourteen counties have more than one company available, which can make the search for cheap health insurance in Georgia a little more complicated. Depending on where you live, the most affordable Silver plan might be Ambetter Balanced Care 4, SoloCare Silver PPO 40017, or BCBSHP Silver Pathway X HMO 6000. Learn the cheapest plans for each tier and get the details on the best health insurance plans in Georgia.

Cheap Health Insurance Plans in Georgia by Metal Tier

Health insurance companies in Georgia categorize their plans into five metal tiers. Looking at the most inexpensive plan in each tier is a good way to start your search for health insurance. The quotes listed are based on the average cost for a 40-year-old Georgia resident.

The Catastrophic plan is the first category. This tier offers the most affordable premiums, and the BCBSHP Catastrophic Pathway X Guided Access HMO 7350 is the cheapest of the plans. The average premium is $276.37, and the deductible and out-of-pocket maximum are $7,350.

Ambetter offers the most affordable plans for the Bronze, Silver, and Gold tiers. The company’s Bronze plan is called the Ambetter Essential Care 1, and it has an average monthly premium of $331.79. The deductible and out-of-pocket maximum are $6,800.

The company’s Silver tier plan is called the Ambetter Balanced Care 4 plan. The monthly premium is $372.55 and the deductible and out-of-pocket maximum are $7,050.

Ambetter’s most affordable Gold plan is called the Ambetter Secure Care 1 with 3 PCP Visits. The monthly premium is $415.22 and the deductible is $1,000. The plan has an out-of-pocket maximum of $6,350.

Finally, you can get a Platinum plan if you live in Georgia. The most affordable Platinum plan available on the Georgia health insurance exchange is the SoloCare Platinum PPO 40023. The monthly premium is $656.12, the deductible is $275, and the out-of-pocket maximum is $4,750.

Keep in mind these estimates are for 40-year-olds. If you are 21 years old, you can expect to pay $28 less per month. However, as you get older, your premiums will go up significantly. That’s why it’s so important to get several quotes before purchasing coverage.

How to Find the Best Health Insurance Plan in Georgia

The best health insurance plans in Georgia vary from one county to the next. Also, some tiers are only available in certain counties. Catastrophic plans are available in 105 counties, Bronze, Silver, and Gold plans are available in 159 counties, and Platinum plans are available in 24 counties.

Even though all the plans aren’t available in all of Georgia’s counties, you will still have a lot of freedom when shopping for cheap health insurance in Georgia. Before you begin the process, you need to learn more about the metal tiers. This will help you decide on the type of plan to purchase.

Gold and Platinum Plans — Ideal for High Medical Costs

Gold and Platinum plans provide the lowest out-of-pocket costs, but they also have the highest premiums. Young and healthy people likely do not need these plans, but they are a good fit for those who have lots of medical expenses. The low out-of-pocket costs lead to significant savings for those who accumulate substantial medical costs, even when you consider the high premiums. While Platinum policies are not available in all the counties, each of Georgia’s counties offers Gold policies.

Silver Plans — Ideal for Average Medical Costs and/or Low Incomes

Silver plans are the most popular of the health insurance plans in Georgia. These plans sit in the middle of the tiers. The premiums are lower than they are with Gold and Platinum plans, while the out-of-pocket expenses are higher. At the same time, the premiums are higher than they are with Catastrophic and Bronze plans, while the out-of-pocket costs are lower. People of average health should consider these plans since they offer a balance that helps people control their costs.

Depending on your income level, you might also be able to receive cost-sharing subsidies if you have a Silver plan. Referred to as a cost-sharing reduction, the subsidies will reduce your out-of-pocket expenses. The reduction is so great that you can end up with a Silver plan that is similar to a Gold or Platinum plan.

Catastrophic and Bronze Plans — Ideal for Healthy Young People

Are you young and in excellent health? Then you should consider one of these health insurance plans in Georgia. The premiums are lower than they are with other plans, but the out-of-pocket expenses are much higher. You need to have the money to cover out-of-pocket expenses in case of an emergency. Otherwise, you could be burdened with high medical bills. If you have the money in savings and are in excellent health, consider getting a quote for a Catastrophic or Bronze tier plan.

Short-term Health Insurance in Georgia

You can also purchase short-term health insurance in Georgia. Federal regulations only allow insurers to issue these policies for the term of a year. You can renew your policy for up to 36 months after it expires. Short-term health insurance is not a good substitution for regular health insurance. It typically doesn’t cover mental health services, maternity care, and more, and you might not qualify if you have a pre-existing condition.

Get Help Comparing Health Insurance Plans in Georgia

There are many affordable health insurance plans in Georgia, but which one should you pick? Get informed about the plans available to you and which ones offer the appropriate coverage for your situation. You don’t have to figure it out alone,  call 1-855-881-0430 to speak to a licensed insurance agent. The agent will go over your health insurance needs and provide you with quotes that suit your budget.