Summary: Best Health Insurance In Oklahoma
Best Health Insurance Companies In Oklahoma
Blue Cross and Blue Shield of Oklahoma
Best overall
Blue Cross and Blue Shield of Oklahoma
Bronze plan avg. cost
$594/month
Silver plan avg. cost
$755/month
Gold plan avg. cost
$737/month
$594/month
$755/month
$737/month
Blue Cross Blue Shield of Oklahoma is the best health insurance company in the state, thanks to its low average silver plan deductibles and low complaint level to state insurance departments.
- Large provider network of over 1.7 million providers that spans the U.S. and beyond.
- Offers HMO and PPO plans, which gives you more options than competitors.
- Provides dental and vision insurance for both adults and children. Affordable Care Act plans generally provide that coverage for children.
- Highest average premiums in Oklahoma.
- One of the highest average bronze plan deductibles ($6,300).
Oscar Insurance Company
Best for price
Oscar Insurance Company
Bronze plan avg. cost
$494/month
Silver plan avg. cost
$588/month
Gold plan avg. cost
$569/month
$494/month
$588/month
$569/month
We like that Oscar offers the cheapest health insurance in Oklahoma, which edged out competitors CommunityCare and Medica. Oscar’s rates especially stand out in their gold plans, which is the most affordable gold plan in the state.
- Cheapest average bronze plan deductible in the state ($5,175). That’s coupled with Oscar having the second cheapest monthly premium for bronze plans ($494).
- More affordable PPO plan in the state ($533 monthly).
- Oscar Care offers free virtual urgent care and may provide no-cost primary care, depending on the plan.
- Very high complaint level to state insurance departments.
- Only offers PPO plans in Oklahoma.
Cheapest Health Insurance by Plan Type in Oklahoma
Health insurance companies that sell health insurance policies on the Affordable Care Act (ACA) marketplace may offer four types of health plans. Oklahoma insurers offer two types: provider organization (PPO) and health maintenance organization (HMO) plans.
- Cheapest PPO in Oklahoma: Oscar Insurance Company
- Cheapest HMO in Oklahoma: CommunityCare
How Much Does Health Insurance Cost in Oklahoma?
Health insurance costs in Oklahoma vary by age, location, metal tier chosen, whether you smoke and the plan type you choose. Your health and gender aren’t factors in rates when you buy health insurance from the Affordable Care Act marketplace.
Cost of PPO and HMO Plans in Oklahoma
Our evaluation found that PPOs cost an average of $602/month and HMOs average $627/month in Oklahoma. Here are average costs among the best health insurance companies in Oklahoma.
| Company | PPO cost per month | HMO cost per month | Learn More |
|---|---|---|---|
| Blue Cross and Blue Shield of Oklahoma | $693 | $585 | On Healthcare.com's Website |
| Oscar Insurance Company | $533 | N/A | On Healthcare.com's Website |
Cost of Health Plans by Metal Tier in Oklahoma
Silver health plans cost an average of $674/month in Oklahoma. Here’s a look at prices among the top-scoring Oklahoma health plans in our evaluation.
| Company | Bronze or Expanded bronze plan cost per month | Silver plan cost per month | Gold plan cost per month | Learn More |
|---|---|---|---|---|
| Blue Cross and Blue Shield of Oklahoma | $594 | $755 | $737 | On Healthcare.com's Website |
| Oscar Insurance Company | $494 | $588 | $569 | On Healthcare.com's Website |
Average Cost of Bronze Plans in Oklahoma at Age 27
ACA law allows children to stay on a parent’s health plan until age 26. After that, they may need their own plan from the state’s health insurance marketplace. Since younger people usually need less healthcare, we looked at average prices for bronze plans at age 27 in Oklahoma. Overall, expect to pay an average of $374 a month for a bronze plan at age 27.
Average Cost of Silver Plans in Oklahoma at Age 40
Silver plans are the most popular health plan tier and have an average cost of $577 a month for 40-year-olds in Oklahoma. Here’s a look at the average costs by county.
Average Cost of Gold Plans in Oklahoma at Age 60
Before you’re eligible for Medicare at age 65 you may be looking for a good health plan. Gold plans can be a smart choice for older people who may require more healthcare. The average cost for a Gold plan at age 60 in Oklahoma is $1,249 a month. Here’s how average costs look in Oklahoma counties.
How to Find the Best Health Insurance Plan in Oklahoma
Platinum Plans: Good for People Who Need Regular Healthcare
Platinum plans are the most expensive ACA marketplace plans and they’re also the hardest to find. Less than 10% of ACA plans are platinum plans, so there’s a good chance you might not even have the option.
If a health insurance company in your area offers platinum plans, these types of plans may work for you if you need regular healthcare and several expensive prescriptions. Platinum plans have low health insurance deductibles and coinsurance, so you pay lower amounts when you get healthcare. But they also have the highest premiums, so you pay the most to have coverage each month.
Gold Plans: Good for People Who Need Lower Out-of-Pocket Costs
Gold plans have lower out-of-pocket costs than silver or bronze plans, but they come with higher health insurance premiums. If you expect to get regular healthcare, a gold plan could be a smart option since you will pay less when you receive care compared to a silver or bronze plan.
You’ll want to weigh the cost of premiums with out-of-pocket costs like coinsurance and deductibles when you’re choosing an ACA plan.
Silver Plans: Good for People Who Want to Balance Premiums and Out-of-Pocket Costs
If you want to avoid very high deductibles but also don’t want to pay high premiums, a silver plan might be a savvy choice. Silver plans have lower out-of-pocket costs than bronze plans and lower premiums than platinum and gold plans, which make them a good compromise.
Silver and bronze plans are the most common ACA plans offered, so you shouldn’t have an issue getting a silver plan in your area.
Bronze Plans: Good for People Who Need the Lowest Premiums
Bronze plans are a top option if you don’t use healthcare often and want the cheapest monthly premium payment. The drawback is that bronze plans have higher out-of-pocket costs when you go to the doctor or get prescriptions.
If you need the cheapest health plans that still offer comprehensive coverage, a bronze plan could be the best choice.
Some health insurance companies also sell “expanded bronze” plans. These plans have higher coinsurance levels for in-network costs (up to 65%) than standard bronze plans (average of 60%).
More: Bronze, Silver, Gold or Platinum Health Insurance
Catastrophic Plans: Good for Young People Who Don’t Often Need Healthcare
The ACA marketplace offers catastrophic health insurance to people under age 30 and those who have severe economic issues like homelessness. If you’re eligible for a catastrophic plan, you may like the low monthly premium but watch out for the high out-of-pocket costs.
One thing that makes catastrophic plans different from other options is that they don’t have coinsurance. Instead, you’ll have to deal with an extremely high deductible when you get medical care. Once you’ve spent that deductible amount on healthcare, a catastrophic plan pays the rest of your in-network healthcare costs for the year.
Methodology
We analyzed Affordable Care Act marketplace health insurance companies in Oklahoma to determine the best options. Our ratings are based on:
- Average premiums (30% of score): We calculated average premiums for health insurance companies that offer ACA plans in Oklahoma. Averages were based on premiums for buyers ages 21, 27, 30, 40, 50 and 60. Source: HealthCare.gov.
- Complaints made to state insurance departments (30% of score): We used complaint data from the National Association of Insurance Commissioners.
- Average silver plan deductible (20% of score): The deductible is how much you have to pay for healthcare in a year before the health plan begins picking up a portion of the costs. Companies with health plans that had low deductibles got more points. Source: HealthCare.gov.
- Breadth of health plans (10% of score): Health insurance companies may offer up to four types of plan benefit designs (PPO, HMO, EPO and POS). We gave points to companies that offer more types of plans. Source: HealthCare.gov.
- Metal tier offerings (10% of score): The ACA marketplace has four metal tier levels. We gave points to companies that offered more tier options. Source: HealthCare.gov.
Read more: How Forbes Advisor Rates Health Insurance Companies
Find The Best Health Insurance In Oklahoma
On Healthcare.com’s Website
