Neighborhood Health Plan of Rhode Island provides the cheapest overall health insurance in the state, with an average monthly premium of $564. Availability can vary, so check out Blue Cross Blue Shield of Rhode Island for affordable health plans.
Most Affordable Health Insurance in Rhode Island
Updated: June 13, 2025
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Key Takeaways
Neighborhood Health Plan of Rhode Island provides the state's most affordable health insurance, saving policyholders an average of $11 per month compared to the state average.
Blue Cross Blue Shield of Rhode Island offers top-rated full coverage Platinum plans, with monthly rates starting at $736.
Finding the cheapest health insurance starts with selecting a coverage level within your budget, checking your subsidy eligibility and comparing plans from several companies.
Most Affordable Health Insurance Companies in Rhode Island
| Neighborhood Health Plan of Rhode Island | $564 | $11 |
| Blue Cross Blue Shield of Rhode Island | $634 | $-59 |
*These plans reflect rates for 40-year-olds who aren't considered low-income.
Cheapest Rhode Island Health Insurance Plans by Profile
While we've summarized the cheapest companies for most in Rhode Island, the most affordable plan for you will differ widely depending on your desired coverage tier and age. Below are the cheapest companies by category for most in the area:
- Cheapest For Young Adults: Neighborhood Health Plan of Rhode Island ($324 monthly)
- Cheapest For Seniors: Neighborhood Health Plan of Rhode Island ($857 monthly)
- Cheapest Bronze Plan: Neighborhood Health Plan of Rhode Island ($299 monthly)
- Cheapest Silver Plan: Neighborhood Health Plan of Rhode Island ($404 monthly)
- Cheapest Gold Plan: Neighborhood Health Plan of Rhode Island ($416 monthly)
- Cheapest Full Coverage (Platinum Plan): Blue Cross Blue Shield of Rhode Island ($736 monthly)
While these are a good measure of the most affordable plans, they only represent the cheapest for 40-year-olds (26-year-olds for young adults and 60 for seniors), and your cheapest company and plan may differ for your profile. So below, we've created a filterable table that you can modify by plan tier and age to find your lowest rate match.
Data filtered by:Results filtered by:
Select
Plan Level:Silver
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Age:40
| Neighborhood Health Plan of Rhode Island | Neighborhood COMMUNITY | $404 | $73 | $7,500 |
Cheapest Health Insurance Plans by County in Rhode Island
Neighborhood Health Plan of Rhode Island is the cheapest provider overall and also the most affordable and widely available for Silver plans in every county.
| Bristol | Neighborhood Health Plan of Rhode Island | $380 | Neighborhood COMMUNITY |
| Kent | Neighborhood Health Plan of Rhode Island | $380 | Neighborhood COMMUNITY |
| Newport | Neighborhood Health Plan of Rhode Island | $380 | Neighborhood COMMUNITY |
| Providence | Neighborhood Health Plan of Rhode Island | $380 | Neighborhood COMMUNITY |
| Washington | Neighborhood Health Plan of Rhode Island | $380 | Neighborhood COMMUNITY |
How to Find the Cheapest Health Insurance in Rhode Island
Follow these steps to find affordable health insurance in Rhode Island:
- 1
Determine coverage plan needs and affordability
Your coverage plan type and tier will differ widely depending on your personal health circumstances and income. Calculate how much income you can set aside for monthly premiums, considering your current health and risk for injury or disease based on location, age and lifestyle.
- 2
Find out your subsidy eligibility
People earning between $14,580 and $54,000 may qualify for premium tax credits, reducing costs by 40% to 100%. Those with incomes below 250% of the Federal Poverty Level ($36,450) can access cost-sharing reductions, decreasing out-of-pocket expenses up to 73%.
- 3
Consider federal programs for eligible age groups
If you're of suitable age, explore Medicare Advantage plans and Medicare Supplement plans. These plans may offer more affordable and flexible alternatives to traditional plans.
- 4
Review prescription formularies
Review prescription coverages for medications you regularly take. Some insurers place common medications on lower tiers with reduced copays compared to competitors, potentially saving you hundreds annually.
- 5
Compare plans during Enrollment
Open Enrollment lasts from November 1 to January 15, but you may also qualify for Special Enrollment if you've lost your job, have gotten divorced or have had a child. Make sure to consider types of coverage, customer ratings, costs and availability with medical providers.
MONEYGEEK TIP: MAKE SURE TO APPLY PROMPTLY
To avoid technical issues, apply for coverage at least five days before the enrollment deadline. Prepare your income verification, Social Security numbers and immigration documents to ensure a smooth application process.
Most Affordable Health Insurance in Rhode Island: Bottom Line
Rhode Island's most affordable health insurance companies are Neighborhood Health Plan and Blue Cross Blue Shield. While we recommend these affordable options, you should compare as many plan types and tier quotes as possible from multiple companies to get the best deal.
Cheap Rhode Island Health Insurance: FAQ
Below are frequently asked questions about finding affordable health insurance in the state:
What is the cheapest health insurance in Rhode Island?
Neighborhood Health Plan offers the cheapest health insurance in Rhode Island, with Silver plans starting at $564 for 40-year-olds. Your ideal option may vary, so consider exploring Blue Cross Blue Shield and other providers based on your income and coverage preferences.
What are the downsides of a cheap health insurance plan?
Compared to higher-priced plans, cheap health insurance has higher out-of-pocket costs, including deductibles and copays. More expensive plans reduce out-of-pocket expenses and offer more extensive health care coverage.
How We Decided the Cheapest Health Insurance Companies in Rhode Island
MoneyGeek obtained data directly from the Centers for Medicare and Medicaid Services (CMS) on available health insurance plans in Rhode Island based on consumers aged 18, 26, 40, 50 and 60.
We considered the cheapest overall to be those with the lowest monthly premium costs for 40-year-olds, as most in the state are near this age demographic, and for simplicity. However, cheaper plans tend to have higher out-of-pocket maximums and deductibles, meaning you may pay more if you receive care.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.