Cheapest Health Insurance in Oklahoma (2024 Plans)


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ByMark Fitzpatrick
Edited byVictoria Copans
ByMark Fitzpatrick
Edited byVictoria Copans

Updated: May 22, 2024

Advertising & Editorial Disclosure

Health insurance premiums and out-of-pocket expenses can vary greatly based on metal tier. In Oklahoma, Medica offers the most affordable Bronze and Expanded Bronze plans, while CommunityCare has the cheapest Catastrophic plan, and Blue Cross Blue Shield offers the least expensive Gold plan.

If you're looking to balance reasonable monthly costs with comprehensive coverage, MoneyGeek also analyzed the best health insurance in Oklahoma.

MoneyGeek Logo IconCheapestHealth InsuranceOklahoma
2024

Why Trust MoneyGeek? We downloaded plan data for Oklahoma directly from the Centers for Medicare and Medicaid Services (CMS).

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Plan data was updated with the CMS exchange data released in October, the latest available data for the 2024 enrollment period.

106Plans Analyzed
 
14Providers Compared

Cheapest Health Insurance in Oklahoma by Metal Tier

The most cost-effective plan within the Silver tier in Oklahoma is the Silver Classic Standard offered by Oscar, with the 'Silver' plans being the most commonly selected type, priced at $494 monthly. For those aiming to lower their monthly expenses despite potentially higher out-of-pocket costs, Bronze plans are an alternative.

The price of health insurance varies by metal tier, reflecting the balance between higher monthly premiums and reduced costs when seeking medical care.

Here are the most affordable health insurance plans from each metal tier:

  • Catastrophic: CommunityCare Catastrophic Select ($241 per month) - Available only to those under 30 or with a qualifying exemption.
  • Bronze: Balance by Medica Bronze Standard ($365 per month)
  • Expanded Bronze: Balance by Medica Expanded Bronze Standard ($372 per month)
  • Silver: Silver Classic Standard by Oscar ($494 per month)
  • Gold: MyBlue Gold HMO℠ 704 by Blue Cross Blue Shield ($473 per month)

For more details on affordable options, explore cheap health insurance plans tailors to different needs.

Data filtered by:Results filtered by:
Age:
Age:40
CatastrophicPlanCommunityCare Catastrophic SelectCompanyCommunityCareMonthly Cost$241Maximum Out-of-Pocket$9,450
BronzePlanBalance by Medica Bronze StandardCompanyMedicaMonthly Cost$365Maximum Out-of-Pocket$9,450
Expanded BronzePlanBalance by Medica Expanded Bronze StandardCompanyMedicaMonthly Cost$372Maximum Out-of-Pocket$9,400
GoldPlanMyBlue Gold HMO℠ 704CompanyBlue Cross Blue ShieldMonthly Cost$473Maximum Out-of-Pocket$9,450
SilverPlanSilver Classic StandardCompanyOscarMonthly Cost$494Maximum Out-of-Pocket$9,100
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WHAT ARE METAL TIERS?

In the Oklahoma health insurance marketplace, consumers can choose from various metal tiers: Bronze, Expanded Bronze, Silver, Gold and Catastrophic. Each tier represents a different level of cost-sharing between the insurer and the insured.

Bronze plans generally have the lowest monthly premiums but higher out-of-pocket expenses when care is needed. Conversely, Gold plans feature higher premiums with lower out-of-pocket costs, which can benefit those who expect to need frequent medical care. Silver plans provide a middle ground with moderate premiums and out-of-pocket expenses.

For individuals earning below 250% of the Federal Poverty Line, Silver plans also offer cost-sharing reductions (CSRs), which lower the amount you pay for deductibles, copayments and co-insurance, making healthcare more accessible and affordable.

Cheapest Silver Plans in Oklahoma

The most cost-effective Silver tier health insurance plan in Oklahoma is the Silver Classic Standard from Oscar, with a monthly cost of $494. The three most affordable Silver plans in Oklahoma include:

  • Silver Classic Standard from Oscar ($494 per month)
  • MyBlue Silver HMO℠ 803 from Blue Cross Blue Shield ($496 per month)
  • Silver Simple PCP Saver from Oscar ($498 per month)

Silver plans are ideal for individuals who anticipate needing some health care services throughout the year but are looking for a balance between monthly premiums and out-of-pocket expenses. For those who qualify, cost-sharing reductions can lower the cost of deductibles, copayments and co-insurance, making Silver plans an excellent choice for moderate-income consumers looking for cost-effective health coverage and protection against high medical costs.

Data filtered by:Results filtered by:
Age:
Age:40
OscarMonthly Cost$494Maximum Out-of-Pocket$9,100PlanSilver Classic Standard
Blue Cross Blue ShieldMonthly Cost$496Maximum Out-of-Pocket$9,450PlanMyBlue Silver HMO℠ 803
OscarMonthly Cost$498Maximum Out-of-Pocket$8,900PlanSilver Simple PCP Saver
Blue Cross Blue ShieldMonthly Cost$501Maximum Out-of-Pocket$9,100PlanMyBlue Silver HMO℠ 709
MedicaMonthly Cost$503Maximum Out-of-Pocket$9,100PlanBalance by Medica Silver Standard

Cheapest Gold Plans in Oklahoma

The MyBlue Gold HMO℠ 704 offered by Blue Cross Blue Shield is the most affordable Gold plan available in Oklahoma, with a monthly cost of $473.

The three most affordable health Gold plans in Oklahoma include:

  • MyBlue Gold HMO℠ 704 from Blue Cross Blue Shield ($473 per month)
  • Gold Classic Standard from Oscar ($487 per month)
  • Balance by Medica Gold Standard from Medica ($505 per month)

Gold plans are ideal for customers who expect to need a moderate to high level of care throughout the year. They come with a higher monthly premium but lower out-of-pocket costs when you need medical care. These plans are particularly beneficial for those with consistent prescription needs or who frequently visit health care providers.

Data filtered by:Results filtered by:
Age:
Age:40
Blue Cross Blue ShieldMonthly Cost$473Maximum Out-of-Pocket$9,450PlanMyBlue Gold HMO℠ 704
OscarMonthly Cost$487Maximum Out-of-Pocket$8,700PlanGold Classic Standard
MedicaMonthly Cost$505Maximum Out-of-Pocket$8,700PlanBalance by Medica Gold Standard
Blue Cross Blue ShieldMonthly Cost$510Maximum Out-of-Pocket$9,450PlanMyBlue Gold HMO℠ 804
MedicaMonthly Cost$517Maximum Out-of-Pocket$8,700PlanBalance by Medica Gold Copay $0 PCP

Cheapest Bronze Plans in Oklahoma

The most affordable Bronze plan in Oklahoma is the Balance by Medica Bronze Standard plan offered by Medica at $365 monthly.

The three most affordable Bronze health plans in Oklahoma are:

  • Balance by Medica Bronze Standard from Medica ($365 per month)
  • Harmony by Medica Bronze Standard from Medica ($434 per month)
  • Blue Advantage Bronze PPO℠ 202 from Blue Cross Blue Shield ($466 per month)

Bronze plans are ideal for individuals who want lower monthly premiums and are comfortable with higher out-of-pocket expenses when they need care. These plans can be a wise choice for those who are generally healthy and do not expect to need frequent medical care.

Data filtered by:Results filtered by:
Age:
Age:40
MedicaMonthly Cost$365Maximum Out-of-Pocket$9,450PlanBalance by Medica Bronze Standard
MedicaMonthly Cost$434Maximum Out-of-Pocket$9,450PlanHarmony by Medica Bronze Standard
Blue Cross Blue ShieldMonthly Cost$466Maximum Out-of-Pocket$9,450PlanBlue Advantage Bronze PPO℠ 202
Blue Cross Blue ShieldMonthly Cost$573Maximum Out-of-Pocket$9,450PlanBlue Preferred Bronze PPO℠ 206

Cheapest Expanded Bronze Plans in Oklahoma

The most affordable Expanded Bronze option in Oklahoma is the Balance by Medica Expanded Bronze Standard from Medica at a monthly cost of $372.

The three most affordable Expanded Bronze plans in Oklahoma are as follows:

  • Balance by Medica Expanded Bronze Standard from Medica ($372 per month)
  • Balance by Medica Bronze Copay Preferred Primary Care from Medica ($388 per month)
  • Balance by Medica Bronze Share Plus from Medica ($388 per month)

Expanded Bronze plans are a good fit for individuals seeking reasonable monthly premiums and slightly more coverage than standard Bronze plans.

Data filtered by:Results filtered by:
Age:
Age:40
MedicaMonthly Cost$372Maximum Out-of-Pocket$9,400PlanBalance by Medica Expanded Bronze Standard
MedicaMonthly Cost$388Maximum Out-of-Pocket$9,450PlanBalance by Medica Bronze Copay Preferred Primary Care
MedicaMonthly Cost$388Maximum Out-of-Pocket$9,450PlanBalance by Medica Bronze Share Plus
CommunityCareMonthly Cost$398Maximum Out-of-Pocket$9,400PlanCommunityCare Expanded Bronze Standardized Select Plus
MedicaMonthly Cost$408Maximum Out-of-Pocket$9,450PlanBalance by Medica Bronze Premier

Cheapest Catastrophic Plans in Oklahoma

The most affordable Catastrophic plan in Oklahoma is the CommunityCare Catastrophic Select from CommunityCare, with a monthly cost of $193.

The cheapest Oklahoma Catastrophic plans are:

  • CommunityCare Catastrophic Select from CommunityCare ($193 per month)
  • Balance by Medica Catastrophic from Medica ($224 per month)
  • Secure from Oscar ($260 per month)

Catastrophic plans are available to adults under 30 or those with a hardship exemption. These plans have low monthly premiums but very high out-of-pocket costs, so they're best for those who want to limit monthly expenses while having a safety net for medical emergencies.

Data filtered by:Results filtered by:
Age:
Age:26
CommunityCareMonthly Cost$193Maximum Out-of-Pocket$9,450PlanCommunityCare Catastrophic Select
MedicaMonthly Cost$224Maximum Out-of-Pocket$9,450PlanBalance by Medica Catastrophic
OscarMonthly Cost$260Maximum Out-of-Pocket$9,450PlanSecure
MedicaMonthly Cost$266Maximum Out-of-Pocket$9,450PlanHarmony by Medica Catastrophic
Blue Cross Blue ShieldMonthly Cost$376Maximum Out-of-Pocket$9,450PlanBlue Preferred Security PPO℠ 200

Cheapest Health Insurance in Oklahoma for Those With Low Income

In Oklahoma, individuals earning up to 250% of the the federal poverty level are eligible for cost-sharing reductions (CSRs) on Silver health insurance plans. These CSRs help make health care more affordable by reducing deductibles and out-of-pocket expenses.

For Oklahoma residents with an annual income between $14,580 and $21,870, the Silver Classic Standard plan from Oscar is the most affordable Silver plan, with a maximum out-of-pocket cost (MOOP) of $1,800.

  • Silver Classic Standard from Oscar ($494 per month; $1,800 MOOP)
  • MyBlue Silver HMO℠ 803 from Blue Cross Blue Shield ($496 per month, $900 MOOP)

Cost-sharing reductions are available exclusively on Silver plans. These annual income figures are for individuals, so plan costs may vary with household size.

Data filtered by:Results filtered by:
Age:
Age:40
Annual Income:
Annual Income:$14,580 to $21,870 per year
OscarMonthly Cost$494Maximum Out-of-Pocket$1,800PlanSilver Classic Standard
Blue Cross Blue ShieldMonthly Cost$496Maximum Out-of-Pocket$900PlanMyBlue Silver HMO℠ 803
OscarMonthly Cost$498Maximum Out-of-Pocket$1,550PlanSilver Simple PCP Saver
Blue Cross Blue ShieldMonthly Cost$501Maximum Out-of-Pocket$1,800PlanMyBlue Silver HMO℠ 709
MedicaMonthly Cost$503Maximum Out-of-Pocket$1,800PlanBalance by Medica Silver Standard
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WHAT IS A COST-SHARING REDUCTION?

A cost-sharing reduction (CSR) is a discount that lowers the amount you pay for deductibles, copayments, and coinsurance on Silver health plans. It's available to individuals with low-to-moderate income. For instance, the Oscar Silver Classic Standard plan for a 40-year-old could have an MOOP of $7,200. With a 94% actuarial value (AV) level CSR, that MOOP significantly drops to $1,800, highlighting the substantial savings on potential expenses.

Cheapest Health Insurance in Oklahoma by Plan Type

HMO (Health Maintenance Organization) plans are the most popular in Oklahoma. PPO (Preferred Provider Organization) plans are also available.

For those interested in the most affordable health plans in Oklahoma by type are:

  • HMO: MyBlue Silver HMO℠ 803 from Blue Cross Blue Shield ($496 per month)
  • PPO: Silver Classic Standard from Oscar ($494 per month)
Data filtered by:Results filtered by:
Age:
Age:40
plan_type:
plan_type:HMO
Blue Cross Blue ShieldMonthly Cost$496Maximum Out-of-Pocket$9,450PlanMyBlue Silver HMO℠ 803
Blue Cross Blue ShieldMonthly Cost$501Maximum Out-of-Pocket$9,100PlanMyBlue Silver HMO℠ 709
Blue Cross Blue ShieldMonthly Cost$504Maximum Out-of-Pocket$9,450PlanMyBlue Silver HMO℠ 705
CommunityCareMonthly Cost$534Maximum Out-of-Pocket$9,100PlanCommunityCare Silver Standardized Select Plus
CommunityCareMonthly Cost$545Maximum Out-of-Pocket$8,900PlanCommunityCare Silver SLIH223 Select Plus
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WHAT'S THE DIFFERENCE BETWEEN PLAN TYPES?

While HMO plans are the most popular in Oklahoma, PPO plans are a great alternative for individuals seeking flexibility in choosing their health care providers.

Here are the differences between these plan types:

Health Maintenance Organization (HMO): Usually, HMOs have lower premiums and out-of-pocket costs than other plan types. They focus on integrated care and preventive services with care coordinated through a primary care physician. HMO plans require members to stay within their network for care, except in emergencies. Members also need a referral from their primary care doctor to see a specialist.

Preferred Provider Organization (PPO): PPO plans offer more flexibility in choosing health care providers and specialists without needing referrals. Members can see any doctor, but going to providers within the network provides cost savings. These plans generally come with higher premiums and out-of-pocket costs compared to HMOs.

Cheapest Health Insurance in Oklahoma by County

Health insurance rates and availability of certain plans vary by county in Oklahoma, reflecting differences in local health care markets and consumer needs.

The most affordable plans in the largest and smallest counties by population highlight these variations:

  • Oklahoma County: MyBlue Silver HMO℠ 803 from Blue Cross Blue Shield ($501 per month)
  • Cimarron County: "CommunityCare Silver Standardized Select Plus" from CommunityCare ($525 per month)

The following table displays the range of available health insurance plans in each county across Oklahoma.

Data filtered by:Results filtered by:
county_name:
county_name:Oklahoma
Blue Cross Blue ShieldMonthly Cost501Maximum Out-of-Pocket$9,450PlanMyBlue Silver HMO℠ 803
Blue Cross Blue ShieldMonthly Cost506Maximum Out-of-Pocket$9,100PlanMyBlue Silver HMO℠ 709

Health Insurance Costs in Oklahoma by Age and Metal Tier

In Oklahoma, age affects how much you pay for health insurance. An 18-year-old with a Silver plan pays about $419 a month, but a 60-year-old with the same kind of plan pays much more, around $1,246 per month. That's a difference of $827, with older people paying higher rates because they often need more health care.

Costs also vary by metal tier. For a 40-year-old, a Bronze plan costs about $503 a month. It offers less coverage, so the premiums are cheaper. A Gold plan, which covers more, costs 40-year-olds about $589 per month — a difference of $86.

Health Insurance Costs in Oklahoma by Age and Metal Tier

What to Know About Health Insurance in Oklahoma

MoneyGeek broke down the different health insurance choices in Oklahoma, including cover private insurance you can find in the marketplace, Medicaid for those with lower income and Medicare for older adults.

Private Health Insurance in the Oklahoma Marketplace

In Oklahoma, the open enrollment period for private health insurance typically aligns with the federal Healthcare.gov schedule, running from November 1 through December 15 each year. This is when you can shop for, compare and purchase health insurance plans without needing a qualifying life event. If you miss this deadline, you must wait until the next open enrollment period to get coverage. However, if you experience certain life events, like losing health coverage, getting married or having a baby, you may qualify for a Special Enrollment Period (SEP) to sign up outside of open enrollment.

Medicaid in Oklahoma

Medicaid is a joint federal and state program that provides health care coverage to eligible low-income individuals, including families with children, pregnant women, seniors and people with disabilities. In Oklahoma, eligibility is based on income, age and specific health needs. The state has certain thresholds for income levels that must be met, and these limits vary depending on the eligibility category. For example, children, pregnant women and some adults may qualify with higher income levels than other groups. The program aims to ensure that those who cannot afford private health insurance can still receive essential health care services.

Medicare in Oklahoma

Medicare is a federal health insurance program primarily for individuals aged 65 or older, but it also covers certain younger people with disabilities and those with End-Stage Renal Disease (ESRD) or Amyotrophic Lateral Sclerosis (ALS). In Oklahoma, eligibility is the same as in the rest of the United States. Medicare consists of different parts: Part A (Hospital Insurance) covers inpatient hospital stays, care in a skilled nursing facility, hospice care and some home health care. Part B (Medical Insurance) covers certain doctors' services, outpatient care, medical supplies and preventive services. Part C (Medicare Advantage Plans) is an alternative to Original Medicare (Parts A and B), offered by private companies, and often includes Part D. Part D (Prescription Drug Coverage) adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private-Fee-for-Service Plans and Medicare Medical Savings Account Plans.

For those looking for additional coverage, MoneyGeek found the best Medicare Advantage Plans in Oklahoma and the best Medicare Supplement plans in Oklahoma.

Oklahoma Health Insurance FAQ

When looking for health insurance, you may have questions about cost and availability. MoneyGeek responded to frequently asked questions about cheap private health insurance in Oklahoma to help you learn more.

What are the cheapest Silver and Gold plans in Oklahoma for 2024?
What are the downsides of a cheap health insurance plan?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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