Summary: Best Health Insurance In Georgia
Best Health Insurance Companies In Georgia
Cheapest Health Insurance by Plan Type in Georgia
Health insurance companies with health plans on the Affordable Care Act (ACA) marketplace may offer four types of health plans. Georgia health insurance companies offer two types: preferred provider organization (PPO) and health maintenance organization (HMO) plans.
- Cheapest PPO in Georgia: Alliant Health Plans
- Cheapest HMO in Georgia: Oscar Health Plan of Georgia
How Much Does Health Insurance Cost in Georgia?
Health insurance costs in Georgia can vary by age, location, metal tier chosen, smoking status and the plan type you choose. Your health and gender aren’t factors in rates when you buy a health plan from the Affordable Care Act marketplace.
Cost of PPO and HMO Plans in Georgia
Our analysis found that PPOs cost an average of $564/month and HMOs average $598/month in Georgia. Here are average premiums among the best health insurance companies in Georgia.
| Company | PPO cost per month | HMO cost per month | Learn More |
|---|---|---|---|
| Kaiser Permanente | N/A | $587 | On Healthcare.com’s Website |
| Alliant Health Plans | $564 | $559 | On Healthcare.com’s Website |
| Oscar Health Plan | N/A | $506 | On Healthcare.com’s Website |
Cost of Health Plans by Metal Tier in Georgia
Silver health plans cost an average of $611/month in Georgia. Here’s a look at premiums among the top-scoring Georgia health plans in our evaluation.
| Company | Bronze or Expanded bronze plan cost per month | Silver plan cost per month | Gold plan cost per month | Platinum plan cost per month | Learn More |
|---|---|---|---|---|---|
| Kaiser Permanente | $501 | $626 | $652 | N/A | On Healthcare.com’s Website |
| Alliant Health Plans | $438 | $570 | $600 | $787 | On Healthcare.com’s Website |
| Oscar Health Plan | $455 | $545 | $603 | N/A | On Healthcare.com’s Website |
Average Cost of Bronze Plans in Georgia at Age 27
ACA law allows children to stay on a parent’s health plan until age 26. After that, they may need their own plan from the state’s health insurance marketplace. Since younger people usually need less healthcare, we looked at average prices for bronze plans at age 27 in Georgia. Overall, expect to pay an average of $420 a month for a bronze plan at age 27.
Average Cost of Silver Plans in Georgia at Age 40
Silver plans are the most popular health plan tier and have an average cost of $523 a month for 40-year-olds in Georgia. Here’s a look at the average costs by county.
Average Cost of Gold Plans in Georgia at Age 60
Before you’re eligible for Medicare at age 65, you may be looking for a good health plan. Gold plans can be a smart choice for older people who may require more healthcare. The average cost for a gold plan at age 60 in Georgia is $1,250 a month. Here’s how average costs look in Georgia counties.
How to Find the Best Health Insurance Coverage in Georgia
Platinum Plans: Good for People Who Need Regular Healthcare
Platinum plans are the priciest ACA marketplace plans and they’re also the hardest to find. Less than 10% of ACA plans are platinum plans, so there’s a good chance you might not even have the option.
If a health insurance company in your region offers platinum plans, these types of plans may work for you if you need regular healthcare and multiple expensive prescriptions. Platinum plans have low health insurance deductibles and coinsurance, so you pay lower amounts when you need healthcare. But they also have the most expensive premiums, so you pay the most to have coverage each month.
Gold Plans: Good for People Who Need Lower Out-of-Pocket Expenses
Gold plans have lower out-of-pocket costs than silver or bronze plans, but they come with higher health insurance premiums. If you need regular healthcare, a gold plan could be a good option since you will pay less when you get care compared to a silver or bronze plan.
You’ll want to consider the monthly premiums with the out-of-pocket costs like coinsurance and deductibles when you’re choosing an ACA plan.
Silver Plans: Good for People Who Want to Balance Premiums and Out-of-Pocket Costs
If you don’t want very high deductibles but also don’t want to spend a fortune on premiums, a silver plan might be a good choice. Silver plans have lower out-of-pocket costs than bronze plans and lower premiums than platinum and gold plans, which make them a good balance.
Silver and bronze plans are the most common ACA plans offered, so you shouldn’t have a problem getting a silver plan in your area.
Bronze Plans: Good for People Who Desire the Lowest Premiums
Bronze plans are a top option if you don’t use healthcare often and want the cheapest monthly premium payment. The drawback is that bronze plans have higher out-of-pocket costs when you go to the doctor or get prescriptions.
If you need the cheapest health plans that still offer comprehensive coverage, a bronze plan could be a smart option.
Some health insurance companies also sell “expanded bronze” plans. These plans feature higher coinsurance levels for in-network costs (up to 65%) than standard bronze plans (average of 60%).
More: Bronze, Silver, Gold or Platinum Health Insurance
Catastrophic Plans: Good for Young People Who Don’t Often Need Healthcare
The ACA marketplace offers catastrophic health insurance to people under age 30 and those who have severe economic issues like homelessness. If you’re eligible for a catastrophic plan, you may like its low costs but watch out for the high out-of-pocket costs.
One thing that makes catastrophic plans different from other health insurance policies is that they don’t have coinsurance. Instead, you’ll have to deal with an extremely high deductible when you receive care. Once you reach that deductible, a catastrophic plan pays the rest of your in-network healthcare costs for the year.
Methodology
We analyzed Affordable Care Act marketplace health insurance companies in Georgia to determine the best options. Our ratings are based on:
- Average premiums (30% of score): We calculated average premiums for health insurance companies that offer ACA plans in Georgia. Averages were based on premiums for buyers ages 21, 27, 30, 40, 50 and 60. Source: HealthCare.gov.
- Complaints made to state insurance departments (30% of score): We used complaint data from the National Association of Insurance Commissioners.
- Average silver plan deductible (20% of score): The deductible is how much you have to pay for healthcare in a year before the health plan begins picking up a portion of the costs. Companies with health plans that had low deductibles got more points. Source: HealthCare.gov.
- Breadth of health plans (10% of score): Health insurance companies may offer up to four types of plan benefit designs (PPO, HMO, EPO and POS). We gave points to companies that offer more types of plans. Source: HealthCare.gov.
- Metal tier offerings (10% of score): The ACA marketplace has four metal tier levels. We gave points to companies that offered more tier options. Source: HealthCare.gov.
Read more: How Forbes Advisor Rates Health Insurance Companies
Find The Best Health Insurance In Georgia
On Healthcare.com’s Website
