2021 Affordable Health Insurance Plans in Montana

Montana residents in need of affordable healthcare can review plans and prices by visiting the health insurance marketplace at Healthcare.gov. The 2021 Open Enrollment Period began on November 1, 2020, and ended on December 15, 2020. Residents who missed out on the OEP can take advantage of the special enrollment period extension through August 15, and do not need to have a Qualifying Life Event (QLE) due to the COVID-19 public health emergency.

Highlights and Updates

  •     All Montana residents can access healthcare through the federally facilitated marketplace at Healthcare.gov.
  •     The 2021 Benefits Special Enrollment Period has been extended for Montana Health Insurance Plans through August 15, 2021, for Montana and many other U.S. states.
  •     Montana’s short-term health insurance lasts for a total duration of 36 months.
  •     The average premium for health insurance in Montana is $449.
  •   Montana has three main healthcare carriers that offer coverage through the marketplace, Blue Cross Blue Shield of Montana (Health Care Service Corporation), PacificSource, and Montana/Mountain Health CO-OP.
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How To Buy Health Insurance in Montana

Residents of Montana who do not receive health insurance coverage from their employer or the government can purchase coverage through the health insurance exchange or a health insurance marketplace. The marketplace, created by the Affordable Care Act, is the place to get health insurance if you are self-employed or work for an employer that doesn’t provide health coverage. The government operates Montana’s health insurance marketplace; therefore, individuals have the option to enroll themselves or their family members using the Healthcare.gov website.

How To Apply for Health Insurance in Montana

To be eligible to enroll in a health insurance plan through the marketplace, you must be a U.S. citizen or national and live in the United States. To enroll, visit the Healthcare.gov website and apply for benefits through the marketplace. From there, the website will direct you to Montana’s health insurance marketplace. You also have the option to contact the marketplace call center by phone or locate a local center where you can apply for healthcare in person and ask any questions you may have.

Health Insurance Carriers in Montana

While many other states have seen fluctuation when it comes to carrier participation, Montana has maintained stability. The state requires all three insurance carriers to offer their coverage statewide. These carriers are Blue Cross Blue Shield of Montana (Health Care Service Corporation), PacificSource, and Montana/Mountain Health CO-OP.

What Are the Cheapest Health Insurance Companies in Montana?

The most affordable healthcare option for most Montana residents in 2021 is the CO-OP Plus Silver plan. It offers the most affordable rates for those living in 88% of Montana counties. Another affordable option is the Blue Focus Silver POS℠ 206 plan.

How Has Obamacare Helped Montana Uninsured?

Since its start in 2010, the Affordable Care Act or Obamacare has helped many in Montana enroll in healthcare plans. Between the years 2013 and 2016, the number of uninsured residents in Montana declined by 49.7%.

Montana Health Insurance Costs Overview

There are three metal tiers for Montana Health Insurance Plans, Bronze, Silver, and Gold. The more coverage you want, the more expensive your monthly premiums will be. Gold plans typically cost 53% more than a Bronze plan, yet they cover around 80% of all medical costs, whereas a Bronze plan only covers 60%.

How Much Does Health Insurance Cost in Montana?

In 2021, the average cost of Montana Health Insurance Plans throughout all the metal tiers in the state is $449 per month, just $1.00 more than what the rates were in 2020.

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What Is the Cheapest Health Insurance Plan in Montana?

The most affordable health insurance option for Montana residents is the CO-OP Plus Silver. It offers the most affordable rates for 88% of the state.

Cheapest Montana Health Insurance Coverage by Metal Tier

Gold Plans

Gold plans are the best option if you expect to have high medical costs. The most affordable option for Montana residents for Gold Tier insurance is Blue Focus Gold POS 207. The deductible is $300 with a maximum out-of-pocket cost of $8,550.

Silver Plans

Silver plans are the best overall option for the average customer. The most affordable plan in this tier is Blue Focus Silver POS 206. It has a deductible of $4,200 and a maximum out-of-pocket cost of $8,550.

Bronze Plans

Bronze plans are the best option for younger Montana residents who are healthy with minimal or no health issues. The most affordable plan for this tier is Blue Preferred Bronze PPO 301. The deductible is $8,550 and the maximum out-of-pocket cost is also $8,550.

Catastrophic Plans

Catastrophic plans are the cheapest option for healthcare in Montana. The most affordable catastrophic plan is Connected Care Catastrophic. It has a deductible of $8,550 as well as a maximum out-of-pocket cost of $8,550.

Montana Health Insurance Costs by Occupation

What Is the Average Cost of Health Insurance for a Student in Montana?

There are several options for students when it comes to Montana Health Insurance Plans. Many colleges in Montana offer student health coverage plans which can be an affordable choice. The most affordable option for most students is to remain on their parent’s health insurance plan. If you are going away to college, some policies may not apply, and you may be considered ineligible.

The current cost for a MUS student health insurance plan for the Spring 2021 semester is $2310 or ~$385 per month, according to CoverMT.org.

What Is the Average Cost of Health Insurance for the Self-Employed in Montana?

Those who are self-employed in Montana have the option to sign up for an individual healthcare plan from the federal marketplace. These individuals can expect to pay the same average amount for their insurance premiums as others in the state, which is around $449 a month.

What Is the Average Cost of Health Insurance for Small Business Owners in Montana?

According to the U.S. Small Business Administration, 72.5% of all small businesses in Montana are eligible for healthcare tax credits. Their report states that based on the Small Business Majority, 19,600 small businesses in the state that employ 79,900 people are eligible for an average credit of $754 per employee.

Montana Health Insurance Costs by Number of Participants

What Is the Average Cost of Health Insurance for Families in Montana?

The average cost of health insurance for a family of three with two 40-year-old parents and a child on a Silver plan in Montana is $1,318 per month.

What Is the Average Cost of Health Insurance for Individuals in Montana?

It depends on which metal tier you choose, but overall, the average cost of health insurance for individuals in Montana is $539 per person.

What Is the Average Cost of Health Insurance for a Child in Montana?

Montana offers a Children’s Health Insurance Plan known as Healthy Montana Kids or HMK. It offers free or low-cost health insurance to eligible children up to age 19.

Other Types of Montana Health Insurance Coverage

Catastrophic Health Insurance in Montana

A catastrophic health insurance policy pays your medical bills once you have reached a high deductible. The plans must cover your first three primary care visits and all preventative care for free, even if you have not reached your deductible. The current deductible for Catastrophic plans in Montana is $8,550.

Short-Term or Temporary Health Insurance in Montana

A short-term health insurance plan is an affordable option for healthcare coverage during a transitional period in their life. It is also commonly referred to as temporary health insurance. The average premium cost for short-term insurance in Montana is $90.

Low-Income Health Insurance in Montana

Low-income health insurance options are available to eligible residents in Montana. This insurance coverage is available either at a low cost or no cost to the policyholders.

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