l.a. care and molina healthcare have some of the cheapest rates, but their plans have limited availability. silver 70 hmo and silver 70 epo are the most affordable silver health insurance plans in california.
In California, you will buy plans through the state health insurance exchange called California Coverage. Here you can also find out if you qualify for Medicaid or insurance subsidies based on your household income and family size.
cheaper health insurance coverage by metal level
We researched and compared health plans offered in the Covered California Marketplace to identify the most affordable health insurance option at each level of coverage.
California covered insurance plans are available to people who are not covered by an employer plan or a public program like Medicare or Medicaid.
For example, if you are self-employed and need health insurance, you can purchase an individual plan through the Health Insurance Marketplace. keep in mind that an hmo plan is often a great way to get a more affordable rate of coverage.
The highest tier plans, like gold and platinum, have the most expensive premiums along with the lowest deductibles, while the lower tiers, like bronze and silver, or even catastrophic health insurance They have high deductibles but low monthly premiums. for example, the monthly rate of the gold plan is 30% more expensive than the price of the bronze plan.
average cost by age and metal level
The price of health insurance is based on your age and the metal level you choose.
For example, for a silver health plan, a 40-year-old in California will pay 28% more on average for the same coverage compared to a 21-year-old. the jump in monthly cost grows even larger as you age, with a 60-year-old paying, on average, 51% more than a 40-year-old for silver-level coverage.
The cheapest options at any age are the bronze plans.
how to find the best health insurance coverage in california
Your best health insurance plan will be one that covers your health needs without breaking your budget. follow these steps to help you find the right option for you and your family at the right price.
check your metal level options
Take a close look at the plan’s premiums and deductibles here to see what’s best for you. Generally, if you expect moderate to high medical costs, choosing a higher metal tier plan with higher premiums but better cost-sharing benefits makes more financial sense.
all plans provide the 10 essential health benefits required by the aca.
bronze: ideal for young and healthy people
bronze plans have the lowest rates but the highest deductibles. As with all plans here, a bronze policy covers preventive care and other essential health needs. But the high deductible means you’ll pay more out of pocket if you have a medical emergency or need an expensive medical procedure.
silver: best for people with low income or average medical needs
silver plans have a good balance between monthly rates and out-of-pocket costs. For those who qualify, Silver plans also offer cost-sharing reductions in addition to the premium subsidies available on Metal-tier plans.
gold: best for those with regular medical needs
gold plans cost more than silver or bronze plans, but you pay less for health care. these plans are best if you have regular doctor visits or take expensive prescriptions.
platinum: best for those with the greatest medical need
Platinum plans are the most expensive in California, but tend to have the lowest deductibles and out-of-pocket costs. If you expect high medical costs during the year, you’ll meet your deductible more quickly and your benefits will start sooner with a platinum plan.
changes in health insurance rates in california
Health insurance rates are set by insurance providers and then submitted to state regulators for approval. We compared 2021 and 2022 costs in California’s seven largest counties to see how plans have changed.
health insurance companies in california
Currently, 12 insurers sell individual health insurance plans in the Covered California Marketplace:
The availability of insurers and health plans changes by county, so your location will directly affect your insurance plan options.
cheapest silver plan by county
Depending on where you live, you may pay different rates for a particular health insurance policy, as prices are determined by the county. To help you find coverage at the best price, we’ve provided a list of the cheapest silver health insurance plans available in each county below.
other health insurance in california
Other insurance options may be available to California residents. Cobra plans are usually offered after the loss of employer coverage, but they can be expensive. And while students can enroll in a plan here, they can access coverage from their parents or a health plan sponsored by their school.
Short-term medical policies are sold in many states, but are currently prohibited by the state of California.
short-term medical insurance
Short-term health plans are not sold in California, but low-cost health insurance plans are available through the Affordable Care Act.
In 2018, California lawmakers passed Senate Bill 910, which effectively prohibited the sale and renewal of all temporary health policies beginning in January. 1, 2019. Prior to this law, California had its own legislation that limited the term of short-term policies to 185 days. Short-term plans often don’t cover essential benefits like maternity, mental health, and prescription drugs, so lawmakers pushed to ban these types of health insurance products.
in california, cobra insurance is available and employers must offer it. Cobra insurance allows for the continuation of group insurance benefits for a specified time if you have been laid off or quit your job. This insurance only allows the extension of coverage if the employee and his dependents have experienced a qualifying life event.
health insurance for students
If you are a student, you can take out individual health insurance through the covered california portal. But students in California have other options for getting health insurance, including:
frequently asked questions
Health insurance rates and plans are pulled from the covered California state health insurance exchange. Using the premiums, averages were determined for a variety of variables, such as metal level, age, and county. our cost analysis excludes catastrophic plans, also called minimum coverage plans.