Get Low cost health Insurance New York. New Yorkers can obtain affordable health insurance through the state insurance marketplace, or if your income is less than 138 percent of the federal poverty level, you may be eligible for Medicaid.
The average monthly cost of health insurance in New York is $713 for a Silver plan, which is about 2% higher than in 2021.
We analyzed Silver health insurance policies available across the state to help you find the best coverage. We discovered that the Fidelis Care, Silver, Dep 25 is the cheapest Silver plan available in 68 percent of counties, where the plan costs an average of $560 per month. However, there are numerous insurers in New York that provide health plans, and where you live will determine the available policies and costs.
- Cheapest health insurance by metal tier
- Overview of New York individual health insurance plans
- Health insurance rate changes in New York
- Short-term health insurance in New York
- Greater New York health insurance companies
- Average cost of health insurance by family size
By metal tier, the low cost health insurance
We identified the most affordable health insurance plans available in the state of New York to assist you in comparing prices and selecting the best policy.
Independent Health offers the most affordable Bronze, Silver, and Platinum policies. Fidelis Care has the most affordable Gold plan.
In New York, health insurance is available in five tiers: catastrophic, bronze, silver, gold, and platinum. Our analysis, however, excludes Catastrophic plans due to their limited availability.
As you can see above, as the tier level increases, so does the monthly premium. In New York, a Silver plan costs $188 more per month than a Bronze plan, and a Gold plan costs $148 more than a Silver plan.
Similarly, as the monthly cost per tier rises, so do the benefits. A Silver plan has a lower average deductible than a Bronze plan, but the two tiers have nearly the same average out-of-pocket maximum. Benefits continue to improve when comparing Silver and Gold tiers. A Gold plan has a $1,305 lower deductible and a $2,093 lower out-of-pocket maximum than a Silver plan, providing a much better cap on health care costs. Aside from the costs
|Metal tier||Cheapest plan||Cost||Deductible||Out-of-Pocket maximum|
|Bronze||Independent Health thRed Bronze, Dep25||$332||$8,550||$8,550|
|Silver||Independent Health thRed Silver, Dep25||$432||$7,000||$8,000|
|Gold||Fidelis Care, Gold, Dep25||$570||$1,271||$4,769|
|Platinum||Independent Health thRed Platinum, Dep25||$630||$0||$5,250|
Finding the most affordable health insurance in New York
The best health insurance policy for your family will be determined by the plans available in your area, as well as your medical and financial situation. When choosing the right type of plan, you should consider affordability by comparing the premiums and deductibles for each metal tier. In general, if you have an emergency savings account and do not anticipate significant health or medical expenses, a lower metal tier plan with lower premiums makes more financial sense.
Gold and Platinum plans: Best if you expect high medical costs
Gold and Platinum plans are the highest tier health insurance policies available in New York. These plans often have the most expensive monthly premiums but come with lower deductibles and out-of-pocket maximums.
If you frequently use expensive prescription drugs, for example, an upper-tier health plan may be the best option.
Silver plans are ideal for people with a low income or who have average medical costs.
Silver plans are policies that fall between Gold and Bronze in terms of premiums and out-of-pocket expenses. In most cases, we would recommend a Silver plan; however, if you are in excellent health, a Bronze plan may be more cost-effective.
A Gold plan, on the other hand, may be better suited to your needs if you anticipate a high level of medical expenses.
Silver plans in New York are eligible for cost-sharing reduction (CSR) subsidies if your income is less than 250 percent of the federal poverty level. If this is the case for you, you can