Best Cheap Health Insurance in Ohio 2022


by Robin Townsend

Best Cheap Health Insurance in Ohio 2022 (1)

Reviewed by licensed agent Brandy Law

updated

Compare Health Insurance Quotes in Ohio

We compared all the policies in the Ohio marketplace and found that the cheapest health insurance policies in most of the state are CareSource Marketplace Low Premium Silver and Constant Care Silver 4 250 Silver-tiered plans. However, these insurers aren’t available in every county, so the most affordable health coverage may differ depending on where you live.

In 2022, the average cost of health insurance in Ohio is $435 per month for a 40-year-old.

Ohio residents can find affordable health insurance on the state exchange or through Medicaid, depending on income, although your best health plan will depend on your budget and expected costs. We recommend comparing multiple companies before purchasing a plan.

  • Cheapest health insurance coverage by metal tier
  • Health insurance rate changes in Ohio
  • Short-term health insurance in Ohio
  • Health insurance companies in Ohio
  • Cheapest Silver plan by county
  • Average cost of health insurance by family size

We recommend using these low-cost health insurance policies as a starting point to determine the costs and benefits you can expect from a given metal tier of coverage.

Health insurance plans are categorized into metal tiers, corresponding to the benefits and out-of-pocket expenses you can expect from a policy.

We analyzed affordable health insurance policies in Ohio across each tier and identified the lowest-cost options to help you find the best health insurance plan for a given level of coverage.

Best Cheap Health Insurance in Ohio 2022 (2)

Compare Health Insurance Plans in Ohio

The cost of medical coverage is largely based on your level of coverage as well as your age, with older individuals facing significantly higher premiums.

For a Silver health care plan, a 40-year-old in Ohio will pay $107 more on average than a 21-year-old for the same level of coverage. A 60-year-old will pay $551 more than a 40-year-old for the same health plan.

The cheapest plans listed below aren’t available in every county, as no insurer offers plans statewide through the Ohio marketplace, but we recommend using these to determine the premiums you can expect.

Catastrophic Market HMO Young Adult Essentials – Dayton $210 $8,700 $8,700
Bronze Market HMO 8700 – Dayton $339 $8,700 $8,700
Bronze Expanded SummaCare Bronze 8700 $299 $8,700 $8,700
Silver SummaCare Silver 6000 $354 $6,000 $8,700
Gold SummaCare Gold 2000 $436 $2,000 $8,700
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Finding your best health insurance coverage in Ohio

The health insurance policies available to you will vary depending on where you live in Ohio, but in every county, you’ll be able to choose from multiple metal tiers of coverage. The best cheap health plan for you will be based, in part, on your income and expected medical expenses, since these impact the rates you’ll pay and the coverage you’ll need.

Higher-coverage metal tiers have costlier premiums, but their lower cost-sharing makes them ideal for families that expect to have large or consistent health care expenses.

On the other hand, lower-coverage metal tier health plans have cheaper rates, but their high out-of-pocket expenses mean they’re only ideal if you have emergency savings and don’t expect to need costly medical care.

Gold plans: Best for families with high or consistent medical expenses

Gold health insurance plans are often the best option for families with higher expected medical costs. Gold policies have the highest monthly premiums but the lowest out-of-pocket costs.

You’ll have to pay significantly less yourself before your health insurance provides coverage. This is a great benefit if you have ongoing prescriptions, a chronic condition or couldn’t manage a large, unexpected expense and would prefer higher, but predictable, premiums.

Silver plans: Best for low-income families or average medical costs

Ohio has expanded Medicaid under the Affordable Care Act (ACA), meaning a household income of up to 138% of the federal poverty level can qualify for Medicaid. Low-income families that don’t qualify will likely get their best rates with a Silver plan.

Silver health insurance policies are the only ones that qualify for cost-sharing reduction subsidies if your household income falls below certain thresholds. Silver plans are also a good middle ground as they combine more affordable medical insurance rates than Gold plans along with lower out-of-pocket expenses than you’d face with a Bronze plan.

Bronze/Catastrophic plans: Best for young families with savings

If you’re under the age of 30 or you meet certain exemptions, you may qualify for a Catastrophic health insurance plan. These offer the lowest monthly premiums and the highest cost-sharing.

We wouldn’t recommend Catastrophic or Bronze health plans, which are available to everyone in Ohio, unless you’re confident in your ability to cover the out-of-pocket expenses if you need health care. Your health insurance won’t provide coverage until you meet your out-of-pocket deductibles and copays.

So, for instance, the Bronze Market HMO 8700 – Dayton plan premium can be as little as $339 per month for a 40-year-old, which is much cheaper than the $436 premium for the SummaCare Gold 2000. The deductible for the Bronze plan, however, is $6,700 more expensive than the Gold plan.

Health insurance rate changes in Ohio

Health insurance rates, deductibles and out-of-pocket maximums are determined annually by health care providers then submitted for approval to state and federal regulators.

In 2022, the cost of health insurance rose by an average of 8% across all metal tiers. The cost of Bronze plans increased by the largest amount: 16% or $55 per month compared to 2021.

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Catastrophic $293 $276 $289 5%
Bronze $363 $337 $392 16%
Bronze Expanded N/A $370 $404 9%
Silver $475 $471 $490 4%
Gold $579 $559 $599 7%

Short-term health insurance in Ohio

Ohio residents have the option of purchasing short-term health insurance plans. Coverage can last up to 12 months, which is similar to federal guidelines. However, Ohio does not allow policyholders to renew short-term health insurance after the initial coverage period has ended.

You may want to consider a short-term health policy if you miss the open enrollment period or if you lose employer-sponsored health care. It is important to note that short-term plans do not guarantee the same essential benefits as private health insurance policies.

Compare Health Insurance Quotes in Ohio

Best cheap health insurance companies in Ohio

There are currently 10 health insurance companies on the Ohio state exchange. However, none of these insurers offers coverage in every county. So the best insurer and policy available will differ based on your location.

  • AultCare Insurance Company
  • Ambetter from Buckeye Health
  • CareSource Ohio, Inc.
  • Community Insurance Company (Anthem BCBS)
  • Medical Health Insuring Corp. of Ohio
  • Molina Healthcare of Ohio, Inc.
  • Oscar Buckeye State Insurance Corp.
  • Oscar Insurance Corporation of Ohio
  • Paramount Insurance Company
  • Summa Insurance Company, Inc.

Depending on where you live, you may be able to choose from up to five insurers, though only two health insurance companies are available in some counties. For instance, if you live in Meigs County, you’d be able to compare plans from two insurers — CareSource Ohio, Inc. and Community Insurance Company (Anthem BCBS) — while residents of Franklin County can choose from six insurance providers.

Cheapest health insurance plan by county

To help you get started in your search for the best health insurance plan, we compared all Silver policies in Ohio and identified the cheapest plan offered in each county. The Constant Care Silver 4 plan from Molina Healthcare had the most affordable rates in 43% of Ohio’s 88 counties.

Below, you can see the health plan with the best price for Silver coverage where you live, as well as sample rates for an individual, a couple and a family of three.

Adams CareSource Marketplace Low Premium Silver $440 $879 $1,143
Allen Constant Care Silver 4 250 $371 $743 $965
Ashland CareSource Marketplace Low Premium Silver $440 $879 $1,143
Ashtabula Constant Care Silver 4 250 $371 $743 $965
Athens Constant Care Silver 7 250 $365 $730 $949
Auglaize CareSource Marketplace Low Premium Silver $440 $879 $1,143
Belmont CareSource Marketplace Low Premium Silver $440 $879 $1,143
Brown CareSource Marketplace Low Premium Silver $440 $879 $1,143
Butler Constant Care Silver 4 250 $371 $743 $965
Carroll CareSource Marketplace Low Premium Silver $440 $879 $1,143
Champaign Constant Care Silver 4 250 $371 $743 $965
Clark Constant Care Silver 4 250 $371 $743 $965

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Average cost of health insurance by family size in Ohio

The cost of health insurance is based on each person covered, and the number of people on the policy will directly impact your premiums.

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Children ages 14 and younger are typically covered at a flat rate, meaning the cost of coverage won’t likely increase until they’re older.

A couple in Ohio would pay double the monthly rate for the same Silver health plan than a single person would, or $981 on average, assuming both people are 40 years old. However, adding a child under the age of 15 would only increase the monthly health insurance rate by an average of $293, meaning a family of three would pay $1,274 for a health plan.

Individual + Child $784
Couple Age 40 $981
Family of three (Adult couple and a child) $1,274
Family of four (Adult couple and two children) $1,568
Family of five (Adult couple and three children) $1,861

Frequently asked questions

How can I get free health insurance in Ohio?

Health insurance through the ACA is generally not free, but cost-saving programs are available to help with premiums and out-of-pocket expenses. You’ll learn whether you qualify for these options when you apply for coverage through the health insurance marketplace. As an alternative, you may be able to get free or low-cost health insurance in Ohio through Medicaid, depending on your income and family size. You can learn more about Medicaid eligibility and how to apply at Ohio Benefits.

How do I get health insurance in Ohio?

To get health insurance in Ohio, you apply through the federal health insurance exchange at healthcare.gov. After you create an account, the site will help you find the right ACA-compliant HMO or PPO plan for your budget and healthcare needs.

What is the average cost of health insurance in Ohio?

The average cost of health insurance in Ohio, across all plan tiers, is $435 per month for a 40-year-old. However, prices vary by tier, from $289 on average for a Catastrophic plan to $599 per month for a Gold policy.

Methodology

Health insurance rates and plans in this report were compiled from the Centers for Medicare & Medicaid Services government website. ValuePenguin, using the Public Use Files (PUF), calculated averages by metal tier, family size and county to understand the health insurance marketplace within Ohio. Plans and providers for which county-level data was included in the CMS Crosswalk file were used in our analysis; those excluded from this dataset may not appear.

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