Cheapest (and Best) Health Insurance in Nashville, TN (2023)

Many factors impact the cost of health insurance, including your location, age, plan type and healthcare needs. To determine which insurers provide cheap health insurance in Nashville, MoneyGeek compiled and analyzed Marketplace data. We also considered each insurer’s monthly premiums, maximum out-of-pocket (MOOP) limits, plan options and claim denial rates to find the best health insurance provider in the city.

Because not all metal tiers or plan types are offered by every company, shopping around can help you find the best plan for your situation. If only one company provides coverage in your city, thoroughly research their plan and tier offerings to determine which one fits your needs.

We found the best health insurance companies in Nashville by evaluating each insurer’s prices, customer service and plan options. Based on these factors, US Health and Life is the best option. Its Silver plans have an average cost of $484 per month and a MOOP limit of $4,409. Ambetter is our runner-up, with an average monthly premium of $497 and a MOOP cost of $4,422 for the same metal tier.

Although cost is important, other factors like customer service, plan options and cost-sharing should also be considered when shopping for health insurance.

In Nashville, US Health and Life is the best option for cheap health insurance. Its Silver plans cost an average of $484 per month and have a MOOP cost of $4,409.

Generally, health insurance costs are affected by your geographical location and how you and your insurance provider split medical bills. For instance, a plan with higher premiums tends to have lower out-of-pocket costs.

The best health insurance company isn’t always affordable. But if cost is a priority, you should familiarize yourself with the relationship between metal tiers, premiums and MOOP costs. Learning about deductibles, copays and co-insurance can also help you find the cheapest health insurance.

Nashville’s most affordable Silver plan provider is US Health and Life, with an average monthly premium of $484. The cheapest health insurance isn’t always the best, but if affordability is your top priority, Silver plans are solid options that feature premium reductions.

Marketplace insurance plans are grouped into metal tiers: Bronze, Silver, Gold and Platinum. Bronze plans often have the lowest monthly premiums, but they have higher out-of-pocket costs and only cover emergency visits. Although Catastrophic plans are more affordable than Bronze, you must meet certain age requirements to qualify.

Browse the table below to see the cheapest providers in Nashville for each metal tier with their average monthly premiums. Catastrophic plans have been excluded due to their age-related criteria.

In Nashville, the cheapest Silver plan is Ambetter’s Clear SELECT Silver with Select Providers, with an average cost of $459 per month.

The table below shows the most affordable health insurance plans in Nashville by metal tier and their average monthly premiums. We excluded Catastrophic plans because their availability is limited to those under 30.

Age is a significant factor that affects health insurance costs, with rates increasing as you age to accommodate the expected rise in health care needs. The least expensive option will almost always be Bronze or Expanded Bronze plans. While Catastrophic plans can be a cheaper alternative, they have age restrictions.

Choosing a lower-tiered plan can help you save on premiums, but you must be familiar with your provider's network to avoid paying out of pocket for out-of-network services. The chart below shows you some of Nashville's cheapest health insurance companies for Silver plans.

Generally, your health insurance premiums get more expensive as you grow older. Similarly, higher metal tiers result in more elevated rates. Age and metal tier together have the most significant impact on how much you'll spend for coverage. The graph below shows how health insurance costs vary by age and metal tier.

Financial assistance is available to low-income individuals and families. A health insurance subsidy can significantly reduce your monthly premiums depending on your income level.

Historically, subsidies are available to individuals with an income between 100% and 400% of the federal poverty level (FPL). However, the American Rescue Plan Act and the Inflation Reduction Act suspended this rule until 2025, making subsidies accessible to those whose income is over 400% of the FPL.

If you don’t qualify for subsidies, consider programs like the Children’s Health Insurance Program (CHIP), Medicare or Medicaid. That said, depending on the state, your income must fall between 100% and 150% of the FPL to be eligible for Medicaid.

Choosing an insurance plan can be challenging. To help you with decision-making, we answered commonly asked questions about health insurance in Nashville.