The Cheapest (and Best) Health Insurance in Fort Worth, TX (2023)

The best health insurance plans in Fort Worth, Texas, for a 40-year-old are from Friday Health Plans and Blue Cross and Blue Shield of Texas, at approximately $302 and $399 monthly, respectively.

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Advertising & Editorial DisclosureLast Updated: 1/20/2023
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Your insurance prices are influenced by your age, location, the number of individuals covered under your policy and plan type. MoneyGeek gathered and analyzed marketplace data to determine the most affordable health insurance companies in Fort Worth.

MoneyGeek also looked into the customer service and plan choices for available health insurance options to determine the best providers overall.

Not all health care providers offer the same plans, so you should look around to find the best one for your needs. In addition, choose the best plan or tier for your needs if only one insurer is available in your area.

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METHODOLOGY

Best Overall and Runner-Up

For best overall and runner-up, MoneyGeek evaluated cost, customer satisfaction and plan data obtained from the Health Insurance Exchange Public Use Files, the National Committee for Quality Assurance (NCQA) and the National Association of Insurance Commissioners (NAIC) complaint index to establish recommendations. Categories were weighted 55% for cost, 35% for customer service and 10% for plan options.

Best Cheap

In most cases, plans were aggregated to generate the estimated costs for any given company. Although the represented data shows the average premiums for any given section, specific company plans will vary in price. Unless otherwise stated, rates reflect the cost for a 40-year-old individual.

Best Overall Health Insurance in Fort Worth

When shopping for health insurance, it's important to examine the plans and services offered by each company, as well as the prices and cost-sharing options. With a total score of 98 out of 100, MoneyGeek’s research determined that Friday Health Plans is the best health insurance company in Fort Worth, based on these criteria. The company ranked well in affordability, customer satisfaction and plan options.

Best Health Insurance in Fort Worth

Friday Health Plans

pros

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Affordable rates

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Offers many plan options

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High customer service rating

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No-cost mental health visits

cons

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Out-of-network services covered only for emergencies

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Availability limited to select states

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Restricted customer service phone hours

COMPANY HIGHLIGHTS

Friday Health Plans, based in Denver, Colorado, is Fort Worth's best health insurance provider, with a score of 98 out of 100. Besides its perfect cost score, it also received an excellent customer satisfaction rating from MoneyGeek. The company sells affordable health insurance plans for individuals and small companies.

All accessible plan options from this insurer include limitless free primary care and mental health visits. You also get free or low-cost generic and preferred drugs, as well as $75 urgent care visits each year.

Although referrals are not necessary for specialist visits, if you want out-of-network coverage, this provider is not the best option.

Health Insurance in Fort Worth Runner-Up

According to MoneyGeek, Blue Cross and Blue Shield of Texas is Fort Worth's second-best health insurance company, earning a score of 70.5 out of a possible 100 points. It scored well in affordability and customer service but ranked lower in plan options.

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Health Insurance Runner-Up
Blue Cross and Blue Shield of Texas

Blue Cross and Blue Shield of Texas (BCBSTX) is a customer-owned, statewide health insurer that is a member of the Blue Cross Blue Shield Association (BCBSA). With a high cost rating and limited metal tier plan options, it is the second-best health insurance provider in Texas. MoneyGeek awarded it a score of 70.5 out of a possible 100 points.

With the company’s plans, you get prescription drug coverage through in-network mail-order pharmacies, behavioral health care services and various health and wellness programs.

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HOW TO FIND CHEAP HEALTH INSURANCE

Metal tiers are used to group marketplace plans. While Bronze plans are the cheapest, Platinum plans, when available, are the most expensive. Individuals under the age of 30 or in a low-income bracket may get a Catastrophic plan. Premiums on Catastrophic or Bronze plans tend to be lower, but the deductibles are higher, so they may not cover your needs.

If you need more coverage, Silver plans may offer subsidies.

Cheapest Health Insurance in Fort Worth for Individuals

The cost of health insurance in Fort Worth depends on how much of your medical costs you share with your provider. Generally, rates vary between states and cities.

However, the cheapest health insurance company may not always provide the best customer service and flexibility. Understand how premiums and maximum out-of-pocket payments (MOOP) are linked to market metal tier levels if you're looking to save money.

The MOOP tends to be higher when premiums are lower. The deductible, copay and co-insurance that your health insurance provider charges should be kept in mind as additional expenses not included in your premium.

But even if you have coverage for disasters, it may not be sufficient to cover your routine health care costs.

Samples of plan costs for metal tiers in Fort Worth are listed in the chart below.

Cheapest Health Insurance in Fort Worth for Individuals by Metal Tier
  • Metal Tier
    Company
    Monthly Premium
  • Catastrophic

    Friday Health Plans

    $252

  • Bronze

    Friday Health Plans

    $273

  • Expanded Bronze

    Friday Health Plans

    $289

  • Silver

    Blue Cross and Blue Shield of Texas

    $399

  • Gold

    Friday Health Plans

    $393

If you need a tier between Bronze and Silver, your health insurance carrier may give you an Expanded Bronze policy. Expanded Bronze plans provide a little more security than Bronze plans by covering at least one major service before the deductible is applied.

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UNDERSTANDING HEALTH INSURANCE COSTS

There is more that goes into your health insurance costs than just your premiums. Make sure you understand all your potential expenses before purchasing a plan.

  • Premium: This is the monthly cost of your health insurance policy.
  • Deductible: The amount you must spend on covered services before your health insurance provider starts paying for your coverage is your deductible.
  • Out-of-Pocket Maximum (MOOP): Often known as the MOOP, this is the amount you may anticipate spending for health care in addition to your premium.
  • Co-Insurance: The sum you'll pay for covered services after meeting the deductible is your co-insurance.
  • Copay: The money you are required to pay while visiting a doctor for a checkup, a prescription or any covered treatment is your copay.

How Age Affects Health Insurance Costs in Fort Worth

One of the main factors affecting the cost of health insurance is age. Older folks frequently require more medical attention. Therefore, health insurance firms charge them higher premiums.

The cheapest plan is usually Bronze or Expanded Bronze. Before enrolling in one of these plans, consider the provider's network. If you don't, you could pay cash for out-of-network services and not make the best of your health insurance.

The table below lists the providers offering the cheapest health insurance in Fort Worth by age and their Bronze plan premiums. Catastrophic plans were excluded due to their eligibility restrictions.

Cheapest Health Insurance in Fort Worth by Age
  • Age
    Company
    Monthly Premium
  • 18

    Friday Health Plans

    $195

  • 26

    Friday Health Plans

    $219

  • 40

    Friday Health Plans

    $273

  • 60

    Friday Health Plans

    $580

Cheapest Health Insurance in Fort Worth for Families

Insuring more members of your family and adding them to your policy to create a family health insurance plan will raise your premiums. Nevertheless, this is still significantly cheaper than individually insuring each person in your family.

The chart below from MoneyGeek shows the average cost of Fort Worth health insurance premiums for various family sizes and metal tiers.

Cheapest Premiums for Family Health Insurance
  • Metal Tier
    Family of Three
    Family of Four
    Family of Five
    Family of Six
  • Catastrophic

    $655

    $806

    $957

    $1,108

  • Bronze

    $710

    $873

    $1,037

    $1,200

  • Expanded Bronze

    $751

    $924

    $1,097

    $1,270

  • Silver

    $1,038

    $1,277

    $1,516

    $1,755

  • Gold

    $1,021

    $1,256

    $1,492

    $1,727

How to Find Cheap Health Insurance in Fort Worth

There is no perfect insurance plan. Choose a health insurance company in Fort Worth that gives you options that are both cheap and meet your health care needs.

For example, if you are low-risk and do not anticipate needing extensive medical services, a high-deductible plan with a low premium can be ideal. However, if you anticipate substantial medical costs, paying a higher premium could be helpful to reduce your potential out-of-pocket expenses.

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SHORT-TERM HEALTH INSURANCE

Short-term health insurance may be a more financially sensible option for people who are between jobs or who are waiting for open enrollment periods.

You should keep in mind that short-term plans might miss key benefits, and those with pre-existing conditions could be rejected. Plus, despite having lower premiums, short-term health insurance has far higher copayments and co-insurance.

If you have short-term health insurance, you are not eligible for subsidies or tax credits.

Health Insurance Subsidies and Income-Based Assistance

Those belonging to the low-income bracket may be eligible for financial assistance to buy health insurance plans. Normally, the federal poverty level (FPL) cap on subsidies is 400%. However, the American Rescue Plan waived this rule in 2022 and capped it at 100%, which makes more people eligible for subsidies.

Medicaid and the Children's Health Insurance Program (CHIP) are alternatives to health insurance subsidies if your income does not qualify for a subsidy. Medicaid eligibility requires a household income between 100% and 150% of the FPL, depending on the state.

Finding the Best Health Insurance in Fort Worth

The cheapest health insurance coverage does not always give the highest quality. Choosing a plan with the lowest premium could end up costing more money in the long term, considering its higher deductibles and out-of-pocket maximums. This is especially true for those who frequently require medical treatment.

Tips for Finding the Right Coverage for You

The networks and prices of each health insurance provider differ, as do the coverage benefits they offer. MoneyGeek outlines steps for evaluating health insurance plans in Fort Worth so you can find the most cost-effective option for your unique health care needs.

1

Know Where to Start

You can find health insurance coverage through your workplace, government websites or the insurance marketplace. If you are younger than 26 years of age, your parents may include you in their insurance plan.

2

Mark the Enrollment Deadlines

Open enrollment is the only time when marketplace plans are normally available for you to purchase or exchange. However, special enrollment is allowed in some circumstances, such as immediately before starting a new job. Each year, open enrollment lasts only a few weeks, so make a note of the deadlines.

3

Understand Your Health Care Needs

It's critical to consider your own preferences and health care requirements when selecting a health insurance plan. Take a look at the plan’s summary to see whether the benefits provided meet your needs. You should make sure that your preferred physicians are in the network of the health insurance plan you are considering.

4

Review Costs

Take heed of premiums, copayments, out-of-pocket maximums and deductibles to assess your health insurance costs.

  • Lower premiums imply higher deductibles and out-of-pocket maximums; higher premiums imply more coverage.
  • A flat rate is preferable than a co-insurance percentage.
  • If you are doubtful, go with a Silver plan that provides a good middle ground.
5

Check Your Prescriptions

Check details about prescription drug coverage prior to enrolling in a plan. You’ll want to make sure you can get your medications at an affordable rate.

6

Choose Your Plan

If you've looked over the details of the cheapest plan and are happy with its benefits and features, it may work for you.

Frequently Asked Questions About Health Insurance in Fort Worth

It can be confusing to look for health insurance in Fort Worth. MoneyGeek has answered some frequently asked questions about health insurance in the city to assist you with this process.

About the Author


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Brenna Kelly is a content manager at MoneyGeek specializing in health insurance. She has extensive experience in the content production field and is a licensed health insurance agent. She graduated from the University of Central Florida with a Bachelor of Science and a Master of Arts.


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