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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.