Summary: Best Health Insurance In Mississippi
Best Health Insurance Companies In Mississippi
Cheapest Health Insurance by Plan Type in Mississippi
Health insurance companies that sell health plans on the Affordable Care Act (ACA) marketplace may offer four types of health plans. Mississippi insurance companies offer three types: point of service (POS), health maintenance organization (HMO) and exclusive provider organization (EPO) plans.
- Cheapest POS in Mississippi: Primewell Health Services of Mississippi
- Cheapest HMO in Mississippi: Ambetter from Magnolia Health
- Cheapest EPO in Mississippi: Cigna Healthcare
How Much Does Health Insurance Cost in Mississippi?
Health insurance costs in Mississippi 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 get a health plan from the Affordable Care Act marketplace.
Cost of EPO and POS Plans in Mississippi
Our evaluation found that HMOs average $641/month in Mississippi. Here are average costs among the top health insurance companies in Mississippi.
| Company | EPO cost per month | POS cost per month | Learn More |
|---|---|---|---|
| Primewell Health Services of Mississippi | N/A | $608 | On Healthcare.com’s Website |
| Cigna Healthcare | $622 | N/A | On Healthcare.com’s Website |
Cost of Health Plans by Metal Tier in Mississippi
Silver health plans cost an average of $603/month in Mississippi. Here’s a look at prices among the top-scoring Mississippi health plans in our evaluation.
| Company | Bronze or Expanded bronze plan cost per month | Silver plan cost per month | Gold plan cost per month | Learn More |
|---|---|---|---|---|
| Primewell Health Services of Mississippi | $523 | $593 | $791 | On Healthcare.com’s Website |
| Cigna Healthcare | $539 | $586 | $917 | On Healthcare.com’s Website |
Average Cost of Bronze Plans in Mississippi 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 Mississippi. Overall, expect to pay an average of $392 a month for a bronze plan at age 27.
Average Cost of Silver Plans in Mississippi at Age 40
Silver plans are the most popular health plan tier and have an average cost of $516 a month for 40-year-olds in Mississippi. Here’s a look at the average costs by county.
Average Cost of Gold Plans in Mississippi 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 Mississippi is $1,427 a month. Here’s how average costs look in Mississippi counties.
How to Find the Best Health Insurance Plan in Mississippi
Platinum Plans: Good for People Who Expect to Get Frequent 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 see them offered.
If a health insurance company in your region sells platinum plans, these types of plans may work for you if you need regular healthcare and multiple costly 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 Want 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 need care than if you have 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 Are Looking to Balance Premiums and Out-of-Pocket Costs
If you don’t want to pay very high deductibles but also don’t want to pay high premiums, a silver plan might be a smart option. Silver plans have lower out-of-pocket costs than bronze plans and lower premiums than platinum and gold plans, which make them a good compromise.
Silver and bronze plans are the most common ACA plans offered, so you shouldn’t have a problem buying a silver plan in your area.
Bronze Plans: Good for People Who Desire the Lowest Premiums
Bronze plans are an excellent option if you don’t use healthcare often and want the cheapest monthly premium payment. The trade-off is that bronze plans have higher out-of-pocket costs when you receive healthcare.
If you need the cheapest health plans that still offer comprehensive coverage, a bronze plan could be a smart option.
Some health insurers also sell “expanded bronze” plans. These plans come with 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 Plan to Need Healthcare
The ACA marketplace offers catastrophic health insurance to people under age 30 and those facing severe economic issues like homelessness. If you qualify for a catastrophic plan, you may like the low monthly premium 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 pay an extremely high deductible when you receive care. Once you’ve spent that deductible amount on healthcare, 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 Mississippi 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 Mississippi. 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 Mississippi
On Healthcare.com’s Website
