Massachusetts is a paradox when it comes to healthcare. It’s among the best states for quality of healthcare but ranks among the most expensive for insurance.
Yet, many providers offer affordable insurance in this state. The challenge, therefore, is in opting for coverage that’s inexpensive and comprehensive. This blog looks at the state’s top five cheap health insurance providers. Here’s all you need to know about cheap health insurance in Massachusetts.
Top Cheap Health Insurance in Massachusetts
Here are the top 5 health insurance providers that you should consider:
Beem
Beem is an application offering financial services, from cash advances and budgeting to tax filing and health insurance. Beem also partners with top insurance providers such as Allstate to offer the best health insurance. On Beem’s platform, you can find coverage catering to the different needs of an individual, whether you are looking for short-term medical insurance, accident insurance, or insurance to provide you with coverage in case of a critical illness.
| Pros | Cons | Monthly Cost | Out-of-Pockets | Deductibles |
| Affordable monthly premiums. Comprehensive coverage options. Easy access to online tools and resources. | Out-of-pocket expenses can be high. | Monthly cost varies based on your choice of plan. You can find coverage options costing as low as $2.80 a month. | Depends on the coverage you have chosen. It can range from $6,000 to $10,000 annually. | Varies with your choice of insurance and the plan type. It can range between $3,500 and $9,500. |
WellSense Health Plan
WellSense Health Plan is a non-profit health insurer that provides insurance plans for individuals and families and MassHealth Medicaid and Senior Care Options.
| Pros | Cons | Monthly Cost | Out-of-Pockets | Deductibles |
| Various options are available catering to the insurance needs of each individual 24/7 nurse advice line. | Limited specialist coverage in rural areas. | Monthly premiums can be around $407. | The out-of-pocket expense is $750 for Individual and $1,500 forFamily for Medical Services. It’s $500 for Individual and $1,000 for Family Prescription Drugs | No deductibles. |
Tufts Health Plan Direct
For more than 40 years, Tufts Health Plan Direct has focused on high-quality treatment and Medicaid recipients. It offers coverage to people, employers, and Medicaid recipients in three tiers: gold, silver, and bronze.
| Pros | Cons | Monthly Cost | Out-of-Pockets | Deductibles |
| Offers some of the cheapest rates in the market. Various plans to choose from. | Higher out-of-pocket expenses. | Monthly costs depend on the plan tier. The gold tier can cost $540, whereas silver and bronze cost $432 and $342, respectively. | Depending on the tier of the plan, it can be between $5,500 and $9,450. | Can be as low as $0 and can go up to $7,900 for individuals, whereas for families, the deductibles can be as high as $15,800 |
ConnectorCare
ConnectorCare is a program that offers subsidized private health insurance plans for certain families whose income does not exceed 500% of the Federal Poverty Level (FPL). Various health insurance providers, such as Blue Cross Blue Shield of Massachusetts, Fallon Health, Harvard Pilgrim Health Care, and more, offer these ConnectorCare plans.
| Pros | Cons | Monthly Cost | Out-of-Pockets | Deductibles |
| Extremely low premiums for eligible residents. Significant subsidies available. Comprehensive coverage, including essential health benefits. | Strict eligibility requirements. Limited plan choices. | Monthly premiums can be as low as $0 and can go up to $255. | Out-of-pocket can be up to $1,500 for individuals and $3,000 for families. | No deductibles. |
Massachusetts Health Connector
Massachusetts Health Connector was created in 2006 and has been a marketplace serving its residents. Customers can find high-value coverage for individuals, small groups, and businesses.
| Pros | Cons | Monthly Cost | Out-Of-Pockets | Deductibles |
| Marketplace offers a variety of plans. Eligibility for subsidies and tax credits. Coverage options from multiple insurers. | Complexity in choosing the right plan. Varied network coverage depending on the chosen plan. Potentially high costs without subsidies. | Decided based on the income bracket. It can range between $49 and $389 for individuals, whereas it can be between $98 and $663 for a family of three or more. | Depends on the provider you choose and the plan you select. | Deductibles will depend on the plan you choose and type of plan. |
Conclusion
Massachusetts provides a range of reasonably priced health insurance plans customized to its citizens’ needs. Be it through Beem, WellSense Health Plan, Tufts Health Plan Direct, or ConnectorCare, there are plans available that provide comprehensive coverage at reasonable costs. By understanding the specifics of each plan, including costs and coverage details, residents can make informed decisions that best suit their healthcare needs and financial situations.
Read Related Article: Cheap Health Insurance in Maine.
FAQs
Who offers the lowest health insurance rates in Massachusetts?
ConnectorCare plans generally offer Massachusetts’s lowest health insurance rates, especially for those who qualify for subsidies. These plans are designed to be affordable for lower-income residents, often resulting in premiums as low as $0 to $150 per month.
How to get free health insurance in Massachusetts?
To obtain free health insurance in Massachusetts, individuals can apply for MassHealth, the state’s Medicaid program, or qualify for a ConnectorCare plan with substantial subsidies. Eligibility is based on income and household size. Residents should apply through the Massachusetts Health Connector to determine their eligibility for these programs.
Which plan has low deductibles and out-of-pockets in Massachusetts?
ConnectorCare plans typically have the lowest deductibles and out-of-pocket costs in Massachusetts, particularly for those who qualify for higher subsidy levels. These plans are designed to minimize financial barriers to accessing care, with many offering zero or very low deductibles and out-of-pocket maximums.
