Health insurance is the first step in accessing health care and individual screenings. With Vermonters prioritizing financial stability and comprehensive health coverage, the quest for affordable health insurance stands as a cornerstone. Balancing the state’s economic health with personal well-being underscores the importance of accessible healthcare solutions. Here’s how you can get cheap health insurance in Vermont.
Why You Need Cheap Health Insurance In Vermont
Cheap health insurance in Vermont is essential for safeguarding against healthcare costs that can otherwise be financially crippling. According to data from the Vermont Health Care Authority, medical expenses for the uninsured can exceed $10,000 annually on average. This stark statistic underscores the critical need for coverage, ensuring access to necessary medical services without the burden of excessive out-of-pocket expenses. Whether for routine check-ups or unexpected emergencies, having health insurance provides peace of mind and vital financial protection for residents across the Green Mountain State.
Beem
Obtaining cheap health insurance in Vermont can be straightforward with Beem. Beem offers a variety of flexible plans tailored to fit your lifestyle and budget. Beem provides four general coverage tiers with options that include a wide range of deductibles, coinsurance, and benefits, ensuring you find a plan that meets your needs. One of the standout features of Beem is its marketplace structure, which means no network restrictions, giving you the freedom to choose healthcare providers that suit you best.
How to Find Cheap Health Insurance in Vermont
Finding health insurance in Vermont with Beem is simple:
- Visit Beem’s website and enter your location.
- Explore the range of plans available based on your healthcare needs.
- Compare coverage options, deductibles, and premiums to choose the best plan for you.
How to Shop for Cheap Health Insurance in Vermont on Beem
Shopping for health insurance on Beem is designed to be simple and efficient. Their platform allows you to easily explore different plans, offering detailed information on each option so you can make an informed decision. Whether looking for short-term medical coverage with customizable options, accident cover for unexpected costs, critical illness coverage with no deductibles, or dental plans with network discounts, Beem ensures you access comprehensive coverage solutions.
Comparing Plans: Decoding Costs and Coverage
Here listed Beem’s cost and coverages:
- Short-Term Medical: Flexible coverage options with varying deductibles and benefits.
- Accident Insurance: Covers out-of-pocket costs after accidents or hospitalization, with flexible terms.
- Critical Illness: Provides cash benefits for major health events like cancer or heart attacks, with no deductibles.
- Dental: Includes preventive care and discounts on basic and major dental services.
Top Cheap Health Insurance in Vermont
Top cheap health insurance options in Vermont typically offer affordable premiums, low out-of-pocket costs, and a range of coverage options tailored to meet diverse healthcare needs across the state.
Blue Cross Blue Shield of Vermont
Blue Cross Blue Shield of Vermont is known for its low out-of-pocket costs. They offer three Gold plans and one Platinum plan, designed to keep out-of-pocket expenses low. BCBSVT plans are EPOs, meaning you must use doctors and hospitals within their network to be covered. They also have a lower denial rate of 17%, which is better than most competitors..
| Factor | Details |
| Pros | Affordable premium rates Low out-of-pocket costs Rarely denies claims Diverse plan options available |
| Cons | Some plans have higher monthly cost |
| Monthly Cost | $800 to $1,093 per month |
| Out-of-Pocket Costs | Average maximum out-of-pocket cost of $3,775 |
| Deductibles | Depends on the plan |
Read Related Article: Cheap Health Insurance in South Carolina.
MVP Health Care
MVP Health Care offers affordable health insurance in Vermont. They provide eight silver plans with an average monthly cost of $894. These plans are HMO types, which means you must consult doctors and hospitals in its network. MVP Health Care is known for its structured network and lower out-of-pocket costs.
| Factor | Details |
| Pros | Affordable premium rates Low out-of-pocket costs |
| Cons | Only offers HMO plans |
| Monthly Cost | Silver plans at an average rate of $894 per month |
| Out-of-Pocket Costs | Average maximum out-of-pocket cost of $7,415 |
| Deductibles | Usually starts from $200 |
Harvard Pilgrim Health Care
Harvard Pilgrim Health Care is a good choice for reproductive health coverage. Some plans cover in vitro fertilization, which many other insurers don’t. While Medicare supplement plans can be expensive, they offer affordable options for popular plans in some states.
| Factor | Details |
| Pros | High customer satisfaction Several marketplace plan options Good reproductive health coverage |
| Cons | High rates and cybersecurity concerns Only available in New England |
| Monthly Cost | Average of $500 to $680 per month |
| Out-of-Pocket Costs | Varies with plan |
| Deductibles | Varies with plan |
Molina Healthcare of Vermont
Molina Healthcare of Vermont offers plans under Medicaid and Medicare and through the state health insurance marketplace. Founded to provide low-income individuals with affordable healthcare, Molina focuses on making healthcare accessible. They have a network of doctors, specialists, and hospitals that provide services at a lower cost.
| Factor | Details |
| Pros | High marks for price and affordability Leader in customer satisfaction |
| Cons | Coverage limited to government-sponsored programs Available in less than 20 states |
| Monthly Cost | Average $338.80 per month |
| Out-of-Pocket Costs | Starts from $50 per month |
| Deductibles | Varies with plans |
UnitedHealthcare of Vermont
UnitedHealthcare of Vermont is known for its low silver plan deductibles and high customer satisfaction. It has better-than-average NCQA quality ratings and fewer complaints to state insurance departments, indicating positive customer experiences.
| Factor | Details |
| Pros | Large provider network across the country Better-than-average NCQA quality ratings Offers other types of insurance like dental and vision |
| Cons | Fewer metal tiers and types of health plans in the ACA marketplace Higher health insurance premiums compared to some competitors |
| Monthly Cost | $300 to $1,100 per month |
| Out-of-Pocket Costs | Varies |
| Deductibles | Varies |
Community Care of Vermont
Community Care of Vermont provides affordable policies tailored to the needs of people in Vermont. Known for its focus on community health, this provider ensures access to essential healthcare services at lower costs, making it a preferred choice for budget-conscious consumers.
| Factor | Details |
| Pros | Affordable premiums Focus on community health Access to essential healthcare services |
| Cons | Limited plan options Coverage may vary by region |
| Monthly Cost | Variable |
| Out-of-Pocket Costs | Variable |
| Deductibles | Variable |
Read Related Article: Cheap Health Insurance in South Dakota.
Northeastern Vermont Regional Hospital (NVRH) Health Network
NVRH Health Network offers affordable, accessible healthcare that focuses on community wellness. Its programs and specialty services aim to improve health outcomes for everyone in the community. NVRH addresses the root causes of poor health, such as poverty and lack of access to healthy food and physical activity.
| Factor | Details |
| Pros | Committed to improving health and wellbeing Compassionate care Lower out-of-pocket costs |
| Cons | Monthly cost usually higher for some plans |
| Monthly Cost | Depends on plans |
| Out-of-Pocket Costs | Varies |
| Deductibles | Varies |
Cigna
Cigna offers affordable health insurance options in Vermont with better-than-average rates for ACA plans. They also provide a range of insurance options beyond health, including dental, disability, and life insurance. Cigna’s quality ratings from the National Committee for Quality Assurance are average, ensuring reliable coverage.
| Factor | Details |
| Pros | Better average ACA plan premiums Offers diverse insurance options |
| Cons | Slightly higher deductibles for silver ACA plans Higher complaints to state insurance departments |
| Monthly Cost | Average $390 to $1,099 per month |
| Out-of-Pocket Costs | Starts from $400 |
| Deductibles | Average deductible for silver plan $4,632 |
Humana
Humana is an established for-profit health insurance company offering Medicare, dental, and vision plans for individuals and group health, dental, and vision plans for employers. It collaborates with captive and independent insurance agents to provide extensive coverage options.
| Factor | Details |
| Pros | Well-established and financially strong company Offers wellness programs Multiple plan options for companies Extensive provider networks |
| Cons | Does not offer individual health insurance plans Negative customer feedback |
| Monthly Cost | Variable |
| Out-of-Pocket Costs | Variable |
| Deductibles | Variable |
Aetna
Although Aetna offers competitive rates for its Affordable Care Act plans, they have higher average deductibles for silver plans. Aetna, now owned by CVS Health Corp., provides various health benefits, including a $25 allowance every three months for CVS Health purchases and discounts on CVS Health brand products.
| Factor | Details |
| Pros | Lowest average ACA plan premiums among large insurers Slightly better than average NCQA quality ratings Benefits from CVS Health including discounts and allowances |
| Cons | Higher than average silver plan deductibles Higher complaints to state insurance departments |
| Monthly Cost | Average $365 to $990; varies with age and plans |
| Out-of-Pocket Costs | Usually higher |
| Deductibles | Average $8,375 a year for silver plans |
Read Related Article: Cheap Health Insurance in Tennessee.
Conclusion
Investing in affordable health insurance in Vermont is like a prudent investment in your well-being and financial security. Health insurance coverage ensures access to timely medical care without the risk of significant financial strain as healthcare costs continue to rise. Whether through state programs, employer-sponsored plans, or a marketplace like Beem offering tailored solutions, choosing the right insurance aligns with Vermonters’ needs for comprehensive healthcare protection. By prioritizing health insurance through Beem, individuals and families can face the future with confidence and peace of mind.
FAQs
Who has the lowest health insurance rates in Vermont?
Blue Cross Blue Shield of Vermont offers some of the lowest rates, particularly with their Gold and Platinum plans known for their affordable premiums and comprehensive coverage.
How to get free health insurance in Vermont?
Residents eligible for Medicaid or other state-sponsored programs may qualify for free or low-cost health insurance. Contact Vermont’s Department of Health Access for eligibility and enrollment details.
Who has low deductibles and out-of-pocket costs in Vermont?
MVP Health Care and UnitedHealthcare of Vermont are known for offering plans with low deductibles and manageable out-of-pocket costs. Beem also provides options with flexible deductibles and comprehensive coverage solutions tailored to individual needs.
