Best Cheap Health Insurance in Vermont 2023
Find Cheap Health Insurance Quotes in Vermont
In Vermont, you can purchase cheap health insurance on the Vermont Health Connect exchange if you do not already receive coverage through an employer or the Medicaid program. After comparing all Silver health insurance policies from the state marketplace, we concluded that the BCBSVT Vermont Preferred Silver Reflective Plan is the cheapest Silver health plan in Vermont.
In Vermont, the average cost of health insurance for 2023 is $668 per month for a Bronze plan and $810 for a Silver plan.
Health insurance in Vermont is unique because age is not used to set premiums for health insurance, and rates are instead standardized across all adult age groups.
Cheapest health insurance coverage by metal tier
For 2023, health insurance costs in Vermont have increased by an average of 15%. The biggest increase was in the cost of Gold plans, which increased by 19% from 2022 to 2023.
To help you compare plans and prices, we have identified the health policies in Vermont with the most affordable health insurance premiums that are available for each metal tier. The table below shows the cheapest plan, along with the deductible, out-of-pocket maximum and monthly premium for an adult.
Metal tier | Cheapest plan | Monthly cost | Deductible | Out-of-pocket maximum |
|---|---|---|---|---|
| Bronze | BCBSVT Bronze Plan | $641 | $6,450 | $9,100 |
| Silver | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $3,200 | $8,550 |
| Gold | BCBSVT Vermont Preferred Gold Plan | $894 | $1,250 | $5,150 |
| Platinum | BCBSVT Platinum Plan | $1,135 | $425 | $1,500 |
Find Cheap Health Insurance Quotes in Your Area
Health insurance plans fall under four metal tiers: Bronze, Silver, Gold and Platinum. Additionally, you should note that the monthly premium for health insurance is for an adult individual. Health insurance premiums are usually determined by the applicant's age, but in Vermont, that is not the case.
Finding the best health insurance coverage in Vermont
The best health insurance for you and your family will depend on the availability of plans in your area, as well as your medical and financial situation. When evaluating policies, be sure to carefully review the policy premiums and deductibles for each metal tier to determine affordability. If you expect high medical expenses, you should select a higher-tier policy with a lower deductible.
Gold and Platinum: Best if you have high medical expenses
The highest tiers offered in Vermont are Gold and Platinum. These plans have the highest monthly premiums and provide the most affordable deductibles and out-of-pocket maximums. For this reason, they can be helpful if you have high medical expenses, in which case you would be able to reach the deductible quickly and begin coinsurance benefits.
The cheapest Gold plan in Vermont is the BCBSVT Vermont Preferred Gold Plan. The cheapest Platinum plan is the BCBSVT Platinum Plan. Compare all tiers in Vermont above.
Silver: Best for those with average medical needs
Silver health insurance policies are a good middle ground for most people since they have moderate monthly costs along with midrange deductibles and out-of-pocket maximums. A Silver policy can be a great option for people who have just started a family and have additional medical expenses associated with their newborn.
All marketplace health insurance policies except Catastrophic plans have access to premium tax credits, which lower your monthly costs. However, Silver plans have an added benefit for low-income households: A Silver policy is eligible for cost-sharing reduction benefits, which can decrease the amount you are required to pay in coinsurance for each medical treatment and could lower your deductible and out-of-pocket maximum.
The cheapest Silver plan in Vermont is the BCBSVT Vermont Preferred Silver Reflective Plan. Compare all tiers in Vermont above.
Bronze: Best for young and healthy individuals
Bronze-tier policies are the cheapest metal-tier plans offered on the Vermont Health Connect marketplace but also have the highest levels for deductibles and out-of-pocket maximums. For this reason, only consider this metal tier if you are extremely healthy.
The cheapest Bronze plan in Vermont is the BCBSVT Bronze Plan. Compare all tiers in Vermont above.
Health insurance companies in Vermont
In Vermont, two companies currently provide health insurance coverage on the state exchange:
- Blue Cross and Blue Shield of Vermont
- MVP Health Care
Both health insurance companies provide policies in all Vermont counties. However, each company may offer different benefits, like discount gym memberships and rewards for participating in healthy lifestyle activities. We recommend evaluating the policy details for both companies to decide which makes sense for your situation.
Cheapest Silver plan by county
In most states, health insurance premiums can differ depending on where you live. However, in Vermont, rates are standardized across all counties. Below we have provided the most affordable Silver policy for each county in the state. Blue Cross and Blue Shield of Vermont's BCBSVT Vermont Preferred Silver Reflective Plan is the cheapest at $735 per month, or $1,471 for a couple.
County | Cheapest Silver Plan | Cost for Individual | Couple |
|---|---|---|---|
| Addison | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Bennington | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Caledonia | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Chittenden | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Essex | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Franklin | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Grand Isle | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Lamoille | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Orange | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Orleans | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Rutland | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
| Washington | BCBSVT Vermont Preferred Silver Reflective Plan | $735 | $1,471 |
Methodology
To find the cost of health insurance in Vermont, we gathered rates from Vermont's health insurance exchange, Vermont Health Connect. Age is not used to set premiums for health insurance in Vermont. We organized the plans by metal tier to find the cheapest plans and average costs.