Search

Cheap Health Insurance in New York

Let’s face it, the Big Apple is where all of us want to be. And everything is expensive here, including health insurance. We offer you tips to save some greenback on your health insurance policy. Read to know more.
Cheap Health Insurance in New York
Health coverage is essential for people and households to protect their well-being and mitigate monetary risks related to medical expenses. Finding low-priced coverage is important in New York, where healthcare costs can be high. Access to low-cost healthcare is important for the well-being of its citizens.
In this article

Health coverage is essential for people and households to protect their well-being and mitigate monetary risks related to medical expenses. Finding low-priced coverage is important in New York, where healthcare costs can be high. Access to low-cost healthcare is important for the well-being of its citizens.

However, amid rising healthcare expenses, finding low-priced health insurance can present challenges. This article aims to simplify the process by providing insights into the alternatives available and presenting practical guidelines for securing cost-effective insurance.

Understanding Cheap Health Insurance Options in New York

Several factors affect low-priced medical insurance in New York. The Affordable Care Act (ACA) market, facilitated using Healthcare.gov, is a valuable aid for people seeking value-powerful coverage. You may evaluate numerous plans here, considering charges, deductibles, and out-of-pocket costs.

NY State of Health Vs. Obamacare

NY State of Health offers localized benefits, flexible enrollment, and staying on a parent’s plan until age 29. However, it lacks federal subsidies and standardized policies. Obamacare gives national access to subsidies and rules but may have differing enrollment durations and factors like age and tobacco use affecting quotes. Thus, the NY State of Health gives localized options, while Obamacare gives broader federal help and standardization.

FeatureNY State of Health (New York)Obamacare (HealthCare.gov)
Open Enrollment PeriodNov. 16 to Jan. 31Nov. 1 to Jan. 15 (in most other states)
Age and Tobacco UseNot considered for rate determinationCan influence health insurance rates
Staying on Parent’s PlanAllowed until age 29Requires obtaining own plan by age 26

This table compares the New York State of Health and Obamacare facilitated by HealthCare.Gov. It highlights differences in open enrollment periods, age and tobacco use concerns, and eligibility for staying on a parent’s plan.

Several medical insurance vendors vie for our attention in New York. Among the pinnacle contenders for low-priced insurance are Fidelis Care, Independent Health, Highmark BCBS, CDPHP, and UnitedHealthcare. These organizations offer many plans tailored to New Yorkers’ diverse desires, ensuring they have access to excellent healthcare at competitive charges.

Fidelis Care, for instance, offers several financially pleasant plans tailored to New Yorkers’ needs. Similarly, Independent Health and Highmark BCBS are famous for their competitive pricing and insurance options.

Below are the average monthly value of medical health insurance rates for various organizations in New York:

CompanyAverage Monthly Cost ($)
Fidelis Care$644
Independent Health$661
Highmark BCBS$681
Anthem BCBS$942
Anthem BlueCross$946
Highmark Blue Shield$789

Tips for Finding Cheap Health Insurance in New York

Navigating the NY State of Health marketplace, New York’s equal of HealthCare.Gov, requires careful attention. Unlike in many states, open enrollment in New York runs from Nov. 16 to Jan. 31, giving ample time for individuals to analyze their options and make knowledgeable decisions.

Consider your clinical needs and budgetary constraints while choosing a health insurance plan. Gold and Platinum plans offer comprehensive coverage with lower deductibles and out-of-pocket prices, appropriate for people with better medical fees. Conversely, Bronze plans offer an extra price range-friendly option for those in good health.

Medicaid and the Essential Plan offer a lifeline for people with financial constraints. These packages provide free or low-cost medical insurance to eligible people and households, guaranteeing everyone access to essential healthcare offerings.

The average monthly fee on medical health insurance charges for different tiers:

Tier202220232024Change (2023 to 2024)
Bronze$525$575$64612%
Silver$713$776$87313%
Gold$861$940$1,06714%
Platinum$1,093$1,181$1,34314%
Average monthly fee on medical health insurance charges for different tiers

The above table offers the standard monthly price of medical health insurance rates for exclusive tiers (Bronze, Silver, Gold, and Platinum) over three years (2022, 2023, and 2024) and the proportion trade from 2023 to 2024. Additionally, it includes the standard monthly price of health insurance premiums for diverse companies in New York.

Moreover, the New York State Department of Health and the NY State Department of Health have jointly announced the Essential Plan Expansion, which commenced in April 2024. This initiative aims to improve access to low-priced medical insurance for residents throughout the country.

The expansion follows federal approval of New York’s Section 1332 State Innovation Waiver utility. This waiver authority lets states pursue progressive techniques for imparting residents access to cheap medical health insurance.

New York’s waiver was approved for five years, from 2024 through 2028. This expansion of coverage is estimated to save New Yorkers an average of $4,700 per year, compared to what they would have spent on health coverage through Qualified Health Plans.

Conclusion

In conclusion, navigating the landscape of affordable health insurance in New York calls for information about the alternatives available, from the NY State of Health to Obamacare. While the NY State of Health gives neighborhood advantages and versatility, Obamacare affords a broader federal guide. 

Individuals can make informed choices tailored to their wishes by considering factors like plan tiers and provider services. Recent expansions and innovations, including the Essential Plan Expansion and the Section 1332 State Innovation Waiver, promise improved access and savings for New Yorkers. Also, check out Beem for personalized quotes from the industry’s leading insurance providers and get up to 40% off on your preferred coverage.

FAQs

How much does health insurance cost per month in New York?

In New York, the average monthly cost of health insurance for a Silver plan is around $873. This figure represents a standard benchmark for individuals seeking coverage within the state. However, it’s essential to recognize that actual costs can vary based on several factors, including the chosen plan tier, family size, and geographic location. Despite this average, individuals should explore different options and consider their specific needs and budget constraints when selecting a health insurance plan.

Does New York have affordable health care?

Yes, New York offers a range of affordable health care options tailored to individuals with diverse financial backgrounds. Programs such as Medicaid and the Essential Plan provide accessible coverage to eligible residents. Medicaid, for instance, offers free or low-cost health insurance to individuals and families with limited incomes, ensuring that essential medical services remain within reach. Similarly, the Essential Plan offers low-cost coverage to those who may not qualify for Medicaid but still require affordable health insurance options. These programs underscore New York’s commitment to ensuring that healthcare remains accessible and affordable for all residents.

How much is health insurance in New York per person?

Health insurance costs in New York can vary depending on factors such as the selected plan tier, coverage options, and geographical location. While the average monthly cost for a Silver plan is approximately $873 per person, individuals should keep in mind that this is just a benchmark. Actual costs may differ based on individual circumstances and needs. Factors such as age, income level, and eligibility for subsidies can also impact the overall cost of health insurance in New York. Therefore, it’s essential for individuals to thoroughly research their options and consider various factors before selecting a health insurance plan that best suits their needs and budget.

Was this helpful?

Did you like the post or would you like to give some feedback? Let us know your opinion by clicking one of the buttons below!

👍👎

Author

Picture of Raman Gujral

Raman Gujral

An achievement-oriented professional, Raman has 10+ years of experience in B2B SaaS and B2C products across Fintech, Telecom, Digital Media, Social Media and Logistics domains. Defining and communicating product vision and strategy, product roadmap development, product positioning, and data analysis, he is also an expert in health insurance and personal loans content.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

Related Posts

Does Health Insurance Cover Wisdom Teeth Removal?
Wisdom teeth, also called the third molars, normally appear between the ages of 17 and 25. Unfortunately, they often lack enough space in the jaw to come through correctly, resulting in problems such as impaction, infection, and damage to adjacent teeth. How can you deal with this dental procedure? Read to know more.
Does Health Insurance Cover Lasik?
Lasik surgery is ordinarily considered an elective procedure as opposed to a medical necessity thus most health insurance plans don't cover its cost. However, exceptions and coverage may vary depending on the individual's insurance plan and provider. Here's what else you need to know about health insurance and Lasik. Re
Does Health Insurance Cover Hearing Aids?
Health plans usually don't pay for hearing devices, as they're categorized as durable medical equipment. Yet, such devices may be covered depending on your insurance company and policy specifics. We give you the details.
Does Health Insurance Cover Ambulance Rides?
Health insurance coverage for ambulance rides can provide invaluable financial support during medical emergencies. Many health insurance plans typically include coverage for ambulance services. But is there a catch? Read on.
Does Health Insurance Cover Abortion?
Covering abortion through health insurance isn’t uniform across payers and products. While some insurance schemes permit this service there might be restrictions or exclusions put into place by others. Here's what you need to know about this topic.
Does Health Insurance Cover Eye Exams?
Although coverage may differ depending on one's plan, eye exams are often covered by health insurance. But there's more to this topic. Here's what you need to know.
Features
Essentials

Get up to $1,000 for emergencies

Send money to anyone in the US

Ger personalized financial insights

Monitor and grow credit score

Save up to 40% on car insurance

Get up to $1,000 for loss of income

Insure up to $1 Million

Coming Soon

File federal and state taxes at low cost

Quick estimate of your tax returns

Get up to $1,000 for emergencies

Send money to anyone in the US

Save big on auto insurance - compare quotes now!

Zip Code:
Zip Code: