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How Much Is Health Insurance A Month in Georgia

The state exchange offers access to affordable health insurance plans in Georgia, or you may qualify for Medicaid depending on your household income. To help you get started in your search for your best health insurance plan in Georgia, we have analyzed some of Georgia’s policies for you.

Finding the Best Health Insurance Plan in Georgia

The best health insurance in Georgia for you will differ depending on where you live because this determines the availability of insurers and policies. In half of Georgia’s counties, only one insurer is provided on the state exchange, and no company covers the entirety of the state. Additionally, not all metal tiers of coverage are available in every county — Catastrophic and Platinum health insurance plans may not be a choice in your location.

Higher metal tier health insurance plans, such as Gold and Platinum health plans, are usually the best choice if you expect to have high or consistent medical costs throughout the year. Though these health insurance plans have more costly monthly rates, their out-of-pocket expenses, such as deductibles and copays, are much lower. So, if you intend to use your health insurance, you will have to pay less yourself before your policy provides coverage.

On the other hand, Bronze and Catastrophic health insurance policies have the cheapest premiums, but the highest cost-sharing features. For young, healthy buyers who don’t expect to use their medical coverage throughout the year, these plans will be the lowest cost. But we only recommend them if you would be able to cover the out-of-pocket costs in case of an emergency.

Silver health insurance plans are a good middle ground if you expect to have moderate healthcare costs, as they balance affordable rates and cost-sharing. Silver health insurance plans are also likely to be the best cheap coverage if you have a low-income household, as these health plans qualify for cost-sharing subsidies.

Average Cost of Health Insurance Plans in Georgia for Family Size

If you are shopping for a health insurance policy to cover your family, each individual covered by the plan will increase the cost of coverage based upon their age, though children will be priced at a flat rate until they attain 15 years. Thus, for example, a 40-year-old couple in Georgia with two children would pay $623 more per month for a Silver health plan that covers their family of four than they would pay to cover just themselves. This is because every child costs an average of $311 to add to a Silver health insurance policy.

Short-Term Health Insurance in Georgia

Short-term health insurance is available to shop in Georgia. The state follows federal regulations for these types of health insurance plans, meaning they have maximum lengths of one year and can be renewed up to 36 months. Short-term health insurance can be a good choice if you missed open enrollment or are currently between employment.

The federal regulations for short-term health insurance also do not require short-term health insurance plans to cover essential health benefits. For this reason, if you know you will require certain services such as maternity care, you should carefully select a plan before purchasing short-term health insurance.

Resources and References:

• 10 Essential Health Benefits Under ACA
• Silver Health Insurance Plans