Best Ways to Get the Most Affordable Health Insurance in Tennessee

How to get the best health insurance in Tennessee? The first thing you should know is that all medical plans are not the same in the United States. From state to state, even city to city, there may be variations in what benefits are covered.

Therefore, it is important to know the characteristics of health coverage in the place where you live. This is what you need to know if you live in the State of Tennessee:

In Tennessee, how much medical coverage you need largely determines the cost of health insurance on the private market. The Tennessee health insurance marketplace has five tiers of health insurance plans with different levels of deductibles and out-of-pocket maximums.

Of these five, Silver plans usually offer the best value for money in terms of premiums and out-of-pocket expenses at $515 per month on average.

The most affordable Silver plan in the state is the Cigna Connect 7300, offered by Cigna Healthcare at an average cost of $446 per month.

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The Cheapest Health Insurance in Tennessee by Metal Tier

The cost of health insurance in Tennessee differs based on your chosen tier. The metal categorization system gives you the option to lower your monthly costs while choosing higher deductibles and out-of-pocket expenses or get more coverage by increasing your premiums.

The metal categories of health insurance currently available in Tennessee are Catastrophic, Bronze, Expanded Bronze, Silver, and Gold.

The higher valued metal plans are usually associated with higher premiums but lower deductibles and out-of-pocket costs. For each tier, the average monthly premiums in Tennessee are:

Catastrophic: $332 per month

Bronze: $362 per month

Expanded Bronze: $416 per month

Silver: $515 per month

Gold: $661 per month

If you’re young and enjoy relatively good health, it can make sense to choose a lower-tier option like Bronze or Expanded Bronze if you want to save a lot on monthly premiums. Nonetheless, if you expect regular medical expenses, you can opt to pay more per month to avoid high deductibles and uncovered expenses.

Metal TierPlan CompanyMonthly CostOOP Max
CatastrophicOscar SecureOscar Insurance company$326$8550
BronzeBronze B08L Network LBlueCross BlueShield of Tennessee$296$8550
Expanded BronzeBronze B07L Network LBlueCross BlueShield of Tennessee$364$6900
SilverSigna ConnectSigma Healthcare$446$7300
GoldGold G07L, Network LBlueCross BlueShield of Tennessee$519$6000

Statistics On Health Insurance in Tennessee

In this state in the southern region of the United States, 11% of the population does not have health insurance.

If we compare this number with the total number of residents of Tennessee (6,674,100) it may seem insignificant, but in the race for health, every person counts.

Tennessee HMO’s total enrollment is only 1,940,053, and only twelve states exceed it in geographic size and sizeable population.

To get an idea, Tennessee has 184 cities and a much larger number of towns. The five most populous are Memphis (largest number of inhabitants), Nashville (the capital), Knoxville, Chattanooga, and Clarksville. However, despite these data, in Tennessee, it is not mandatory to have health insurance.

Isn’t Health Insurance Required in Tennessee?

Indeed. Health insurance is not required in Tennessee and that is a reality that encompasses the cities of Tennessee.

From Murfreesboro, Jackson, Johnson City, Kingsport, Franklin, Hendersonville, Bartlett, Germantown, Cleveland, Columbia, or Collierville.

For residents of these and other cities such as Oak Ridge, Smyrna, Morristown, Bristol, Cookeville, Brentwood, Gallatin, Maryville, East Ridge, Lebanon, and La Vergne, federal health insurance is required by state law.

This means that according to the Affordable Care Law in this southern state, the inhabitants must have health coverage under the parameters of the ACA, that is, Obamacare.

What Are The Advantages Of Having Health Insurance in Tennessee?

Having health insurance is important no matter which Tennessee city you live in: Tullahoma, Athens, Farragut, Dyersburg, Shelbyville, Greeneville, Springfield, Goodlettsville, Elizabethton, McMinnville, Red Bank, Mount Juliet, and Dickson.

That said, it is necessary because health plans guarantee you the medical care and hospital services that you may need.

Also, there are the numbers. A Tennessee resident’s employment-based health coverage, for example, pays an average annual premium of $1,230.

On the other hand, the average hospital cost for a day of hospitalization costs an individual without health insurance a total of $1,704. Words are unnecessary.

How Do You Get Health Insurance in Tennessee?

It’s the same system: Open Enrollment period or Special Enrollment Period. For Tennessee, the 2020 Open Enrollment Period is over, but for 2021 it just started in November.

If you miss this period? The option then is to see whether or not you qualify for a Special Enrollment Period. Only a life event, such as marriage, the birth of a baby, or loss of health coverage, will qualify you to enroll in a new health plan.

Additionally, Tennessee residents can find plans through the federal exchange or private insurance companies.

What is the Cheapest Health Insurance in Tennessee?

If your income is not high, there is cheaper health insurance in Tennessee. The best option that starts at 466 dollars a month is the Silver plan in the state is the Cigna Connect 7300, offered by Cigna Healthcare.

What other health insurance options are there in Tennessee?

There are different health coverage options in the State of Tennessee. From the Affordable Care Act, also known as Obamacare, to short-term health insurance. There are also dental and vision plans. Let’s review the latter in detail:

Short Term Health Plan

A temporary health plan is possible in Tennessee. If you choose this option and subscribe to the Golden Rule Insurance Company, you will be entitled to medical and hospital insurance.

Also, the main medical plan can be supplemented by cash payments and access to doctor visits, urgent care, or a surgical procedure, depending on the covered medical services offered.

Tennessee Dental and Vision Plans

In Tennessee, you can subscribe to the Golden Rule Insurance Company and get dental and vision insurance plans with no age restrictions. This is a benefit that many health insurance plans do not include.

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