Health Insurance Plans in Missouri

A number of health insurance companies in Missouri offer plans on the state’s healthcare exchange. Plans are categorized by metal tier, and there are four tiers available in the state. The Silver tier sits in the middle, and many people choose plans from this tier since they offer a combination of affordable premiums and reasonable out-of-pocket costs.

Plan availability depends on where you live in Missouri. Depending on where you are, the cheapest plan might be the Cigna Connect 4500, Ambetter Balanced Care 4, or Anthem Silver Pathway X 6000 Silver plan. Get more details on the cheapest plans and metal tiers before selecting a policy.

Cheap Health Insurance Plans in Missouri by Metal Tier

If you want to buy cheap health insurance in Missouri, begin the process by looking at the most affordable plans for each metal tier. Even if you don’t want to buy one of these policies, this will provide you with insight into what you can expect to pay when you purchase one of the health insurance plans in Missouri.

The quotes are based on an average 40-year-old Missouri resident.

Catastrophic plans are usually the cheapest healthcare plans available, but that isn’t the case in Missouri. The Anthem Catastrophic Pathways X 7350 is the most affordable of the Catastrophic plans, but it isn’t the cheapest plan in the state when you look at the other tiers. The monthly premium is $418.62, and the deductible and out-of-pocket maximum are $7,350.

The cheapest Bronze tier plan is the Cigna Connect 7000, and it is more affordable than the cheapest Catastrophic plan. The monthly premium is $281.26, the deductible is $7,000, and the out-of-pocket maximum is $7,350.

The Cigna Connect 4500 is the cheapest Silver plan available in Missouri. The monthly premium is $420.99. This plan has a deductible of $4,500 and an out-of-pocket maximum of $7,350.

The Gold tier sits atop the metal tier system. Ambetter Secure Care 1 with 3 Free PCP Visits is the cheapest of the Gold health insurance plans in Missouri. The monthly premium is $636.48, the deductible is $1,000, and the out-of-pocket maximum is $6,350.

Health insurance rates are also based on your age. If you are 60 years old, you will pay 112 percent more for your health insurance plan. On the other hand, if you are 21 years old, you will pay much less for coverage. Get a health insurance quote to determine how much you will pay.

Choosing Health Insurance Plans in Missouri

Many people simply look for cheap health insurance in Missouri and buy a plan. While you need to choose a plan you can afford, affordability doesn’t just come down to the cost of the premium. You also need to consider the out-of-pocket expenses you’ll have to pay. Examine the metal tiers to determine which one is right for you. Then, you can get a quote for health insurance plans in Missouri based on your tier of choice.

Gold Plans — Ideal for High Medical Costs

If you are likely to use your health insurance quite a bit throughout the year, consider one of the Gold health insurance plans in Missouri. Many people are turned off by the high premiums, but the low out-of-pocket costs are ideal for those who need ongoing care for chronic conditions, medical equipment, or lots of medications. If you use your insurance often, a Gold tier plan will likely be the best option for cheap health insurance in Missouri.

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

Silver plans are popular for people who have average medical costs. The plans sit in the middle of the tier system, and the costs reflect that. The premiums are cheaper than higher-tier plans, while the out-of-pocket costs are less than lower-tier plans. Silver plans usually cover around 70 percent of medical expenses.

Low-income families should also consider Silver plans. This is the only tier that is eligible for cost-sharing reduction subsidies that will lower your out-of-pocket costs. If you qualify for a subsidy, your Silver plan will cover as much as 94 percent of your medical expenses.

Catastrophic and Bronze Plans — Ideal for Healthy Young People

Young and healthy people often go without insurance because they don’t want to pay high premiums for policies they aren’t likely to use. Going without insurance can be a costly mistake, though. Instead of going without, consider a Catastrophic or Bronze plan.

People under 30 can get Catastrophic plans, while Bronze plans are available to all Missouri residents. The premiums are typically lower, although the Catastrophic plans are more expensive in Missouri than in many other states. The low premiums do come at a cost. These plans have high out-of-pocket costs. That won’t be an issue if you don’t have to use your coverage very often. However, if you have a medical emergency, you can end up paying a large sum of money. That’s why it’s a good idea to have money in savings before purchasing one of these plans. If you can’t cover a medical emergency, consider a Silver plan instead.

Short-Term Health Insurance in Missouri

If you have lost your employer-sponsored coverage or missed open enrollment season, you can get short-term health insurance in Missouri. Short-term policies do not meet the Affordable Care Act’s guidelines, so they cannot be purchased on the state exchange. These policies are heavily regulated. Your coverage can only last six months, but you do have the option to renew it after it expires. Short-term health insurance in Missouri typically does not cover preexisting conditions, mental health services, maternity care, or prescriptions.

Get Help Comparing Health Insurance Plans in Missouri

Choosing from all the health insurance plans in Missouri can seem overwhelming. There are many optimal choices, and picking the one that is best for your financial and medical situation is important. You don’t have to make that decision on your own. Call 1-888-497-1683 to speak to a licensed insurance agent who will provide you with quotes and advise you on the best policy for your current circumstances.