2021 Affordable Health Insurance Plans in Vermont

Vermont has been a progressive state for healthcare reform. They boasted a low uninsured rate even before the ACA was implemented. Vermonters have two options on the state exchange for coverage, and both have several plans, so there is likely a good fit for individuals and families in the state.

Highlights and Updates

  •       The health exchange in Vermont is called Vermont Health Connect.
  •       Rates increased 3.5% on average in 2021.
  •       The average monthly benchmark premium cost in Vermont is $669.
  •       Two insurers offer health insurance in Vermont through the exchange.
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How to Buy Health Insurance in Vermont

You can easily shop for health insurance and make a purchase on the state exchange. Simply go to www.healthcare.gov to review plans, terms, and conditions, and purchase coverage once you’re ready.

How to Apply for Health Insurance in Vermont

Go to www.healthcare.gov to compare your options and apply for health insurance in Vermont. 

Health Insurance Carriers in Vermont

For 2021, there are two options of health insurance carriers on the exchange in Vermont:

  •       MVP VT
  •       Blue Cross Blue Shield of Vermont

What Are the Cheapest Health Insurance Companies in Vermont?

Vermont only has two health insurance companies. Both have various plan options for residents to review. MVP VT has the cheapest options across all tiers.

How Has Obamacare Helped Vermont’s Uninsured?

Vermont already had one of the lowest uninsured rates in the country, but over the first three years of Obamacare, their rate dropped in half to 3.7%. Though the rate today is closer to 5%, it remains one of the states with the lowest uninsured rate in the USA.

Vermont Health Insurance Costs Overview

Vermont has three tiers of coverage – Gold, Silver, and Bronze.

How Much Does Health Insurance Cost in Vermont?

The average benchmark monthly health insurance premium in Vermont for a 40-year-old is $669.

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What Is the Cheapest Health Insurance Plan in Vermont?

Vermont’s cheapest health insurance plan is MVP VT Plus Bronze 1, with a premium of $491, a deductible of $7250, and an out-of-pocket maximum of $8400.

Cheapest Vermont Health Insurance Coverage by Metal Tier

Gold Plans

When it comes to Gold Plans, the most affordable is MVP VT Gold 1. The premium costs $674 per month, with a deductible of $1100 and an out-of-pocket maximum of $5200.

Silver Plans

MVP VT Plus Reflective Silver 1 is the least expensive Silver plan in 2021, with a premium of $574 per month, a deductible of $1500, and an out-of-pocket maximum of $6700.

Bronze Plans

The cheapest bronze plan is the MVP VT Plus Bronze 1, with a premium of $491, a deductible of $7250, and an out-of-pocket maximum of $8400.

Vermont Health Insurance Costs by Occupation

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

Vermont students have choices – they may stay on their parent’s health insurance policy or purchase their own. They could also buy one from their school.

What Is the Average Cost of Health Insurance for the Self-Employed In Vermont?

If you are self-employed in Vermont, you can purchase coverage on the state exchange. If you qualify, you may be able to apply for Medicaid or Dr. Dynasaur.

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

Small business owners will find their premiums vary based on their number of employees and other factors. They may be eligible for subsidies.

Vermont Health Insurance Costs by Number of Participants

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

The costs for health insurance tend to change yearly, and rate increases were approved in 2021 for both providers. This means it is good to review your coverage and rates to get the best rate for your needs. Low-income options may be available if you qualify.

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

The benchmark price for a 40-year-old individual in Vermont is $662.

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

Child Health Plan Plus (CHP+) is called Dr. Dynasaur in Vermont and is available for children of qualifying families. 

Other Types of Vermont Health Insurance Coverage

Catastrophic Health Insurance in Vermont

Vermont has catastrophic health insurance plans available for purchase.

Short Term or Temporary Health Insurance in Vermont

Short-term health plans are allowed in Vermont, but neither insurer is currently selling them. 

Low-Income Health Insurance in Vermont

Low-income residents in Vermont may apply for Medicaid. Children and pregnant women may be eligible for Dr. Dynasaur, which is part of Medicaid.

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