Summary: Best Health Insurance In Tennessee
Best Health Insurance Companies In Tennessee
Cheapest Health Insurance by Plan Type in Tennessee
Health insurance companies that offer health plans on the Affordable Care Act (ACA) marketplace may provide four types of health plans, but Tennessee insurers only offer one type: exclusive provider organization (EPO) plans.
- Cheapest EPO in Tennessee: USHealth
How Much Does Health Insurance Cost in Tennessee?
Health insurance costs in Tennessee vary by age, location, metal tier chosen, smoking status and the plan type you choose. Your health and gender aren’t factors in premiums when you buy health insurance from the Affordable Care Act marketplace.
Cost of EPO Plans in Tennessee
Our analysis found that EPOs cost an average of $632/month in Tennessee. Here are average premiums among the top health insurance companies in Tennessee.
| Company | EPO cost per month | Learn More |
|---|---|---|
| Cigna Healthcare | $627 | On Healthcare.com's Website |
| UnitedHealthcare | $704 | On Healthcare.com's Website |
| USHealth | $576 | On Healthcare.com's Website |
Cost of Health Plans by Metal Tier in Tennessee
Silver health plans cost an average of $648/month in Tennessee. Here’s a look at prices among the top-scoring Tennessee health plans in our analysis.
| Company | Bronze or Expanded bronze plan cost per month | Silver plan cost per month | Gold plan cost per month | Learn More |
|---|---|---|---|---|
| Cigna Healthcare | $548 | $625 | $829 | On Healthcare.com's Website |
| UnitedHealthcare | $537 | $699 | $989 | On Healthcare.com's Website |
| USHealth | $462 | $637 | $732 | On Healthcare.com's Website |
Average Cost of Bronze Plans in Tennessee 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 Tennessee. Overall, expect to pay an average of $367 a month for a bronze plan at age 27.
Average Cost of Silver Plans in Tennessee at Age 40
Silver plans are the most popular health plan tier and have an average cost of $554 a month for 40-year-olds in Tennessee. Here’s a look at the average costs by county.
Average Cost of Gold Plans in Tennessee 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 Tennessee is $1,485 a month. Here’s how average costs look in Tennessee counties.
How to Find the Best Health Insurance Coverage in Tennessee
Platinum Plans: Good for People Who Expect to 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 be able to buy one.
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 several costly prescriptions. Platinum plans have low health insurance deductibles and coinsurance, so you pay less when you receive healthcare. But they also have the most expensive premiums, so you pay the most for your 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 expect to get regular healthcare, a gold plan could be a smart option since you will pay less when you receive care compared to a silver or bronze plan.
You’ll want to balance the cost of 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 very high deductibles but also don’t want to pay high premiums, a silver plan might be a savvy 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 middle ground.
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 an excellent option if you don’t use healthcare often and want the cheapest coverage. The downside is that bronze plans have higher out-of-pocket costs when you go to the doctor or get prescriptions.
If you’re looking for the cheapest health plans that still offer comprehensive coverage, a bronze plan could be a smart option.
Some health insurers also have “expanded bronze” plans. These plans have higher coinsurance levels for in-network care (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 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 pay an extremely high deductible when you receive care. Once you’ve paid 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 Tennessee 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 Tennessee. 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 Tennessee
On Healthcare.com’s Website
