Best Missouri Health Insurance (2023 Plans)

Cox Health Systems Insurance company offers the best health insurance in Missouri. Among the providers in the comparison group, Cox Health Systems received the highest MoneyGeek score of 66 out of 100 for its high affordability and versatile plan options. This provider also has the lowest out-of-pocket costs, on average, in the comparison group.

MoneyGeek analyzed 60 Silver EPO plans in Missouri to identify the best health insurance in the state.

WellFirst Health offers the best health insurance with low out-of-pocket costs in Missouri, receiving a MoneyGeek score of 75 out of 100. WellFirst Health is the most affordable provider in the comparison group and also has the lowest average MOOP costs. This provider offers EPO plans, which tend to be cheaper than other plan types.

For this category, we rated 34 Gold EPO plans to find the best affordable health insurance in Missouri for a low out-of-pocket cost.

Oscar offers the best cheap health insurance in Missouri, with a MoneyGeek score of 75 out of 100. Out of the ten providers in our comparison group, Oscar ranks first for affordability and second for claims acceptance.

To find the best provider in this category, we placed more emphasis on affordability and only reviewed companies that offered low monthly premiums. It’s important to note, however, that plans with low premiums tend to have higher out-of-pocket costs.

MoneyGeek analyzed 60 Silver EPO plans to determine the best affordable health insurance in Missouri.

MoneyGeek also analyzed the cheapest health insurance in Missouri for those who just want the cheapest rates.

WellFirst Health is the best insurer for those with low incomes in Missouri, receiving a MoneyGeek score of 78 out of 100.

For this category, MoneyGeek emphasized insurers’ monthly premium costs and only included plans that have cost-sharing reductions (CSRs). This included 60 Silver CSR EPO plans.

If your annual income is below 250% of the federal poverty level (FPL), you may qualify for a CSR. These lower both your MOOP cost and deductible, allowing you to keep your out-of-pocket costs low. A standard Silver plan pays about 70% of expected health care costs, but that percentage differs for CSR Silver plans based on a policyholder’s annual income. In Missouri, for instance:

• Those with incomes between $27,180 and $33,975 per year (201%–250% of the FPL) can expect to have 73% of their health insurance costs covered.
• Individuals with incomes between $20,385 and $27,180 per year (151%–200% of the FPL) can expect to have 87% of costs covered.
• Individuals with incomes of less than $20,385 per year (up to 150% of the FPL) can expect to have 94% of costs covered.

Income brackets may shift depending on how many people are in a household.

Aetna offers the best health insurance for young adults in Missouri, with a MoneyGeek score of 83 out of 100. For this category, MoneyGeek analyzed providers that offer Bronze or Catastrophic plans, which feature low monthly premiums but high out-of-pocket costs. Only those under 30 years old are eligible for a Catastrophic plan.

For this category, we evaluated the following plan tiers:

• Bronze: 13 EPO plans
• Expanded Bronze: 58 EPO plans
• Catastrophic: Seven EPO plans

Cox Health Systems Insurance Company is the best provider of EPO plans in Missouri. The insurer received a MoneyGeek score of 66 out of 100 for its affordable monthly premiums and low out-of-pocket costs. For this category, MoneyGeek analyzed Silver plans since they balance affordability and coverage.

In Missouri, there are 60 Silver EPO plans available.

National General Accident & Health offers the best short-term health insurance in Missouri, with a MoneyGeek score of 90 out of 100. Short-term health insurance plans do not comply with the Affordable Care Act, meaning, they may not cover essential health benefits that are provided in other plans. Because of this, they are not recommended as a permanent solution for health insurance.

The best health insurance in Missouri for you will depend on your unique needs and preferences. Paying less in premiums may mean higher out-of-pocket costs, while plans with higher premiums may offer better coverage. When shopping for the best health insurance, it is best to look for a plan that’s affordable and provides adequate coverage.

Medicare is a government-funded program that subsidizes the cost of health care for individuals aged 65 and older or those with a qualifying medical condition. Medicare is divided into three parts:

• Part A (Hospital Insurance): Covers inpatient hospital stays and offsets the cost of home health care, nursing facilities and hospice care.
• Part B (Medical Insurance): This includes outpatient care, like preventive care and doctor’s appointments.
• Part D (Prescription Drug Coverage): Offsets the cost of vaccines and prescribed medication.

Missouri residents with incomes below 138% of the FPL are eligible for Medicaid, another government-funded program that includes coverage for health care costs as well as services like nursing home care and personal care.

When looking for health insurance, it’s common to have questions about costs and availability. MoneyGeek answered some of the most commonly asked questions about health insurance in Missouri to help you learn more.