Cheapest (and Best) Health Insurance in Cheyenne, WY (2024)

Location, age, plan type, health care needs and the number of people in your plan impact the cost of your health insurance. MoneyGeek gathered and analyzed the latest marketplace data to determine which companies offer the cheapest health insurance in Cheyenne, Wyoming. We also evaluated monthly costs, maximum out-of-pocket (MOOP) expenditures, plan options and claims denial rates to identify the city’s best providers.

Not all companies offer all plan types or metal tiers, so shop around to find the plan best suited to your needs. Sometimes only one company is available in your area. If this is the case, study the provider’s offerings and choose the best plan or tier for you.

MoneyGeek analyzed cost, plan options and service quality to determine Cheyenne's best overall health insurance providers. Mountain Health CO-OP ranks first, with Silver plans at $705 monthly and a MOOP of $5,891. Blue Cross Blue Shield comes in second with Silver plans at $855 monthly and a MOOP of $5,036.

Affordability is important when selecting a health insurance provider. But don’t overlook other factors such as plan options and customer service. If you’re looking outside Cheyenne, you’ll benefit from studying our recommendations for the best health insurance in Wyoming.

If cost is your top consideration when choosing a provider, we found that Mountain Health CO-OP offers the best cheap health insurance in Cheyenne. This provider’s Silver plans cost an average of $705 per month with a MOOP cost of $5,891.

The cost of health insurance varies by state and city. Cost sharing also affects your premiums. Typically, plans with lower premiums come with higher out-of-pocket costs.

However, the best provider might not always be the cheapest. You can find the most affordable health insurance by familiarizing yourself with the marketplace system and focusing on the relationship between plan premiums and MOOP costs. We also recommend knowing the basics about deductibles, copays and co-insurance and how these variables affect pricing.

Mountain Health CO-OP offers the most affordable Silver health plan in Cheyenne at an average monthly premium of $705. Note that the cheapest provider or plan isn’t always necessarily the best. But if cost is your main concern, we recommend getting a Silver plan as a great middle-of-the-road option that offers mid-tier coverage with the added benefit of cost-sharing reductions.

Health insurance plans are categorized into metal tiers that differ in cost and coverage. Bronze is the lowest tier, offering the lowest premiums, while Platinum is the highest tier and has the highest rates. A few providers also offer Catastrophic plans, which are usually cheaper than Bronze plans, but these offer very limited coverage, and you must be under 30 to qualify.

Even if you’re keen on getting the cheapest plan, be aware that plans with lower premiums often have higher MOOP costs. These are better suited for those seeking coverage in emergencies rather than for regular health care needs.

The table below outlines the most affordable providers in Cheyenne for each metal tier and their average monthly premium.

Mountain Health CO-OP offers the most affordable Silver plan, averaging $705 monthly, with a MOOP cost of around $5,891. Although the cheapest options for other metal tiers, such as Gold, Bronze and Expanded Bronze plans, have lower average monthly premiums, their MOOP costs are much higher than Silver plans. The table below outlines Cheyenne's cheapest providers by metal tier and their average plan costs.

Regardless of where you live, your age is one of the primary determinants of your health insurance cost. Rates tend to escalate as you get older due to the expected development of age-related illnesses and the resulting increase in health care needs. Bronze or Expanded Bronze plans are almost always the most affordable. Catastrophic plans are even cheaper, but you must meet specific eligibility criteria.

If you’re considering a lower-tiered plan to save on premiums, check to see whether your provider’s network includes your preferred facilities and physicians to avoid paying out of pocket for out-of-network services. You’ll find some of Cheyenne’s cheapest Silver plan providers in the chart below.

Your age and the metal plan that you choose have the greatest impact on your health insurance costs. It should come as no surprise that the older you are, the higher your rates will be. A higher metal-tiered plan is similarly more expensive since it offers broader coverage. The graph below will give you an idea of how costs change by age and metal tier.

Health insurance can be costly, so it might be helpful to explore financial assistance programs. Subsidies are typically available to those whose income falls between 100% and 250% of the FPL. In 2022, the American Rescue Plan granted wider access by increasing the limit to 400% of the FLP until 2025.

Medicare and Medicaid are government-sponsored programs providing qualifying individuals with affordable health insurance. You may be eligible for both at the same time. Only those 65 and over can qualify for Medicare. Your income must be between 100% and 150% of the FPL to be eligible for Medicaid or the Children's Health Insurance Program (CHIP).

MoneyGeek answered some of the most commonly asked questions about health insurance in Cheyenne to guide you.