2021 Affordable Health Insurance Plans in Oklahoma

In Oklahoma, enrolling in a health insurance plan is simple. At HealthCare.gov, you can find a list of coverage options and pricing on the federally operated Affordable Care Act-compliant marketplace. You may still qualify for a special enrollment period to enroll any time after August 15th, 2021, if you have had a qualifying life event.

Highlights and Updates

  • Oklahoma residents can purchase health insurance through the federal marketplace, HealthCare.gov.
  • The American Rescue Plan offers Oklahoma residents premium subsidies to help cover the cost of health insurance.
  • You can receive short-term health insurance in Oklahoma for up to 36 months.
  • On average, the 2021 benchmark premium for health insurance in Oklahoma is $554.
  • Oklahoma has six healthcare providers through the federal exchange: Blue Cross Blue Shield of Oklahoma, Medica, Bright Health, Oscar, UnitedHealthcare, and CommunityCare Oklahoma.
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How to Buy Health Insurance in Oklahoma 

If you live in Oklahoma and don’t have health insurance through your employer, you can get coverage through the federally run marketplace. Plans are divided into three different metal tiers: Bronze, Silver, and Gold.

Bronze plans typically offer the lowest premiums, but your coverage may be limited and come with high deductibles. Gold plans tend to be more comprehensive with lower deductibles but have higher premiums. Low-income residents may qualify for subsidies to help make protection more affordable.

How to Apply for Health Insurance in Oklahoma

By visiting the federal exchange marketplace at Healthcare.gov, Oklahoma residents can view available plans in their areas and begin the application process. Enter your data to find personalized coverage options.

Health Insurance Carriers in Oklahoma

Oklahoma has six health insurance companies offering coverage on the federal marketplace: Blue Cross Blue Shield of Oklahoma, Medica, Bright Health, Oscar, UnitedHealthcare, and CommunityCare Oklahoma.

What are the Cheapest Health Insurance Companies in Oklahoma?

Oklahoma has six health insurance providers offering policies through the federal exchange:

 Depending on your zip code, plan rates may vary. On average, health insurance premiums will remain about the same for 2021 as they were last year.

How has Obamacare Helped Oklahoma’s Uninsured?

Oklahoma is one of the few states resistant to Obamacare and Medicaid expansion. Despite efforts to create a state-run ACA-compliant marketplace, Oklahoma still has no reinsurance plan. Medicaid expansion, however, has been scheduled for mid-2021, since July 1st. (Source)

Oklahoma Health Insurance Costs Overview

Health insurance in Oklahoma is available in three metal tiers: Bronze, Silver, and Gold. Bronze plans typically have high deductibles and offer limited services, while Gold plans often have high premiums but include the most comprehensive services.

How Much Does Health Insurance Cost in Oklahoma?

According to the KFF, the average 2021 benchmark premium in Oklahoma is $554.

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What is the Cheapest Health Insurance Plan in Oklahoma?

The average cost for Bronze tier premiums in Oklahoma for 2021 is $367. The Silver tier plan has an average premium of $504, and the average Gold plan is $502.

Cheapest Oklahoma Health Insurance Coverage by Metal Tier

The average cost of coverage under each metal tier is listed below, according to the HealthCare.gov website. This example displays prices for a 40-year-old male in good health with an income of $75,000 in 2021.

Bronze Plans

The Bronze Balance by Medica plan is the most affordable Bronze tier coverage with monthly premiums of $350. Coverage has a $7,000 deductible and an out-of-pocket maximum of $8,550.

Silver Plans

The Bright Healthcare Silver 5000 plan is the lowest-cost Silver-tier coverage with monthly premiums of $476. The plan has a $5,000 deductible and an out-of-pocket maximum of $8,550.

Gold Plans

The Balance by Medica Gold Share plan is the most affordable Gold tier coverage costing $484 monthly. The deductible is $550, and the out-of-pocket maximum is $7,900.

Oklahoma Health Insurance Costs by Occupation

If you’re self-employed, an early retiree, or don’t have access to health insurance through your job, you can get coverage on the federal exchange marketplace.

What is the Average Cost of Health Insurance for a Student in Oklahoma?

Dependents in Oklahoma can stay on their parent’s insurance until they reach the age of 26. Students can also receive low-cost comprehensive care with individual coverage. A student health charge may be included in tuition, thereby giving access to medical services.

What is the Average Cost of Health Insurance for the Self-Employed in Oklahoma?

Eligible self-employed individuals between ages 19 and 64 can get health insurance coverage through the Oklahoma Health Care Authority. You’ll need to meet the program’s requirement guidelines and provide both personal and business tax returns.

What is the Average Cost of Health Insurance for Small Business Owners in Oklahoma?

The SHOP program helps small businesses in Oklahoma with 50 full-time employees or less get coverage for employees. For a 40-year-old with Silver-tier coverage, the lowest typical SHOP premium is $267.

Oklahoma Health Insurance Costs by Number of Participants

Health Insurance costs in Oklahoma vary depending on the number of covered individuals and children in your family.

What is the Average Cost of Health Insurance for Families in Oklahoma?

 For a non-smoking couple with two children earning $75,000, the minimum monthly premium cost for Bronze tier health insurance in Oklahoma is $1,151 in 2021. A tax credit or subsidy would be available to a family with this income, covering the entire cost of Bronze tier coverage.

What is the Average Cost of Health Insurance for Individuals in Oklahoma?

For individuals, the benchmark premium for coverage in Oklahoma across all health insurance tiers is $554 in 2021. 

What is the Average Cost of Health Insurance for a Child in Oklahoma?

Oklahoma’s Children’s Health Insurance Program (CHIP) offers affordable coverage for uninsured infants, children, and teens. Children up to 18 can receive free insurance to cover basic medical necessities.

Other Types of Oklahoma Health Insurance Coverage

Catastrophic, Short-Term, and Medicaid are three other forms of health insurance coverage in Oklahoma.

Catastrophic Health Insurance in Oklahoma

Individuals under 30 or eligible for a hardship exemption may be eligible for Catastrophic Health Insurance in Oklahoma. These plans have high deductibles of around $8,150, and coverage can typically only protect you from the worst-case scenarios.

Short Term or Temporary Health Insurance in Oklahoma

Residents can purchase Short-Term Health Insurance in Oklahoma for up to 364 days and renew coverage for a maximum of 36 months. Oklahoma has seven insurers offering Short-Term coverage: Aspen Insurance, Companion Life, Everest Reinsurance, Independence American Insurance Company, National General, UnitedHealthcare, and United Security Health and Casualty.

Low-Income Health Insurance in Oklahoma

Low-income residents in Oklahoma may qualify for Medicaid through the Oklahoma Health Care Authority. Oklahoma’s Medicaid expansion for 2021 is predicted to increase participation significantly during the second half of 2021 and the beginning of 2022.

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