All You Need To Know About Health Insurance

Want to purchase health insurance?Not sure whether you are eligible or not?

Stick around!

Well, if you want to purchase health insurance, then your income level will be checked. It also depends on the state you are living in.

Want to know more?

This article will guide you on how you can get the cheapest individual health insurance and what are the basics of health insurance.

Without further ado, let’s dive straight in.

What Is Medicaid?

You may or may not know about the term Medicaid. But it is important to get the knowledge about the basics to check your eligibility.

If your household income is less than 133% of the Federal Poverty Level, then say thanks to your stars, you are eligible for the cheapest insurance option, Medicaid. It is a flexible plan for low-income individuals.

What if you are not eligible for Medicaid?

Not everyone is eligible for Medicaid coverage, but you have other cheap individual health insurance options. Under the Affordable Care Act, you can get access to 10 essential health benefits that are:

  • Pediatric services
  • Outpatient services
  • Preventive and wellness services
  • Laboratory services
  • Rehabilitative services
  • Prescription drugs
  • Emergency services
  • Hospitalization
  • Mental health and substance abuse care
  • Maternity and newborn care.

At this stage, you may want to know what is the cheapest plan for your state. If you are living in the US, have a look at some of the examples that will give you a clearer concept.

StateCheapest companyCheapest Silver planThe monthly cost for a 40-year-old
AlabamaBlue Cross Blue Shield of AlabamaBlue Cross Select Silver$452
AlaskaPremera Blue Cross Blue Shield of AlaskaPremera Blue Cross Preferred Silver 3000 HSA$658
ArizonaBlue Cross Blue Shield of ArizonaBlue AdvanceHealth Silver – PimaFocus Network$330
ArkansasAmbetter from Arkansas Health & WellnessAmbetter Balanced Care 12 (2021)$387
CaliforniaKaiser PermanenteSilver 70 HMO$325
ColoradoKaiser PermanenteKP CO Silver 2500/25$278
ConnecticutConnectiCareChoice Silver Standard POS$479

and so on.

If you are very tight on budget and are in search of a very cheap plan, here is the kicker for you.

You can opt for short-term health insurance that comes up with low-cost monthly premiums.

Here it is worth mentioning that with short-term health insurance, you cannot enjoy the same benefits as the individual health plans.

What Are Some Cheap Health Insurance Companies?

Nowadays, Blue Cross Blue Shield is a company that is highly trending and enjoying the top place. This company constantly keeps on offering cheap rates and discount offers.

Some other cheap health insurance companies include:

  • Bright Health
  • Oscar
  • Cigna Health and Life Company
  • Horizon
  • BMC HealthNet Plan
  • Medica

and many others.


Are you a student and want to purchase health insurance?

Here is the pro tip for you!

If your age is anywhere between 17 and 29, you can avail the option of a student health plan. The interesting part is you will not lose your coverage even if you change the school or college.


When it comes to choosing the best option, you should opt for Medicaid. However, you can avail various other cheap options according to your budget.

Still, have questions?

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