According to the Kaiser Family Foundation’s 2020 Employer Health Benefits Survey, health insurance at a large employer may cost as much as a new automobile.
Average yearly rates for family coverage in 2020 were $21,342, virtually comparable to the base manufacturer’s suggested retail price of a 2022 Honda Civic—$22,715.
Employers paid 73 per cent of the premium bill, with workers contributing an average of $5,588 to the annual cost. In 2020, the average premium for a single worker was $7,470. Workers paid $1,243, or 17% of the total.
So it is evident enough that health insurances are expensive. In this article, we will be covering cheap health insurance in Mississippi.
What is Health Insurance?
A contract requiring an insurer to pay some or all of a person’s healthcare bills in exchange for a premium is known as health insurance.
More specifically, health insurance often covers the insured’s medical, surgical, prescription drug, and dental expenses.
Health insurance can pay the care provider directly or compensate the insured for expenses incurred as a result of illness or accident.
It’s frequently included in employee benefit packages as a way to entice top talent, with premiums partially covered by the business but frequently withheld from employee paychecks.
With limited exclusions for S company (small businesses) employees, the cost of health insurance premiums is deductible to the payer, and the benefits received are tax-free.
How Much Does Health Insurance Cost?
Americans pay radically varied monthly premiums for medical coverage across the United States.
Even though owing to the Affordable Care Act, rates are not determined by gender or pre-existing health issues, a variety of other factors influence how much you pay.
State and federal laws, where you reside, whether you get insurance via your work, and the type of plan you choose all play a role in the cost of health insurance premiums.
Annual health insurance premiums for a family of four in 2020 totalled $21,342, although employers covered 73 per cent of that cost.
13 Best Cheap Health Insurance Mississippi
#1. United Health Group
#2. Kaiser Permanente
#4. Blue Cross Blue Shield
#5. Oscar Health
#7. Anthem, Inc.
#8. Molina Healthcare
#10. Independent Health Group
#13. Centene Corp
#1. United Health Group:
Although UnitedHealthcare was started in 1977, it has grown considerably and today serves over 70 million consumers.
This company also has direct relationships with over 1.3 million physicians and healthcare practitioners in the United States, as well as 6,500 hospitals and medical institutions.
If you missed the ACA’s open enrollment period, are waiting for coverage to begin, or are between jobs, UnitedHealthcare’s short-term insurance may be a viable option.
You can start receiving coverage the day after you apply, and you can choose your coverage period and deductible.
If a long-term insurance alternative becomes available, you can also drop your short-term coverage without penalty.
#2. Kaiser Permanente:
Kaiser began selling public health insurance plans in 1945 and has since grown to become one of the country’s major not-for-profit health insurance providers.
In addition to Washington, D.C., Kaiser services 12.5 million people in eight states.
When you combine a Kaiser Permanente high deductible health plan (HDHP) with a Health Savings Account (HSA), you’ll get a handy debit card that enables you to pay for eligible expenses with HSA funds instantly without any additional paperwork.
There are no hidden fees with your HSA plan, and you can get the $3.25 monthly plan charge eliminated if you keep your HSA balance at $2,000 or higher.
Cigna is one of the oldest insurance firms in the world, having been established in 1792.
While Cigna’s nationwide coverage is restricted, we chose them for our rating in addition to being one of the best cheapest health insurance in Mississippi, because of the unique benefits they provide to individuals and their employee plans.
Customers of Cigna benefit from free annual examinations and a 24-hour health line where they may call in and have medical questions answered by a nurse.
The myCigna app can also assist you in keeping track of your medical care, medical bills, and overall healthcare objectives.
Employers who choose this option can choose from a variety of plans, including dental, vision, pharmacy, and health and wellness coverage.
#4. Blue Cross Blue Shield:
Blue Cross Blue Shield was started in 1929 and has since grown to provide high-quality health insurance coverage throughout the United States.
76 of America’s Fortune 100 firms, 6.9 million small-business employees, 17 million unionized workers, and millions of others are covered by the company.
Blue Cross Blue Shield allows you to get health insurance that is valid in all 50 states and is widely acknowledged by doctors and specialists across the country.
They also provide coverage through the Affordable Care Act marketplaces, which allows qualified consumers to receive subsidies to help with the cost of their health insurance premiums.
You may also purchase global health insurance that covers both short- and long-term travel— both of which are viable options if you can work from home or anywhere in the world.
Oscar is a technologically focused healthcare company that was created in 2012, thus it does not have the same long history as some of its competitors.
Despite this, they serve over 560,000 members throughout 19 states in 497 counties and are one of the best cheapest health insurance in Mississippi.
They intend to expand to 22 states shortly. This implies that their coverage region is still limited, but if you live in one of their coverage zones, you may still find value in their insurance.
Humana began as a nursing home firm in 1961 but has since grown to become one of the largest health insurance companies in the United States.
Humana offers a variety of Medicare Advantage plans, including HMO plans, PPO plans, PPFS plans, and SNP plans.
While coverage options vary, fundamental benefits such as hospital stays and emergency transportation, telehealth visits, preventative care and specialist visits, medical supplies and equipment, and outpatient treatment and procedures are included in their Medicare Advantage plans. Lab work, X-rays, screening, and imaging are also covered.
Humana’s Medicare Supplement plans, usually known as Humana Medigap plans, are also well-known.
These plans are not the same as Medicare Advantage plans, and they are available in almost every state.
Medigap plans, like Medicare Advantage, can help fill up the gaps left by standard Medicare coverage.
#7. Anthem Inc.:
Because of its low-cost coverage and range of plan options, Anthem is said to be the best health insurance for young adults.
Furthermore, because Anthem is a subsidiary of the Blue Cross Blue Shield Association, policyholders may have access to a broad network of providers.
Policyholders may be able to obtain in-network care in several locations, such as their hometown, college town, or internship location, thanks to the extensive network.
Anthem plans are typically less expensive per month than those offered by other companies, making them a fantastic deal for those who are young and healthy.
These plans, on the other hand, may not be a good fit for those with chronic medical issues or who require extensive or costly medical treatments. That’s why it’s not top on our list of the best cheapest health insurance in Mississippi.
#8. Molina Healthcare:
Molina Healthcare services 18 states, although only California, Florida, Michigan, Mississippi, New Mexico, Ohio, South Carolina, Texas, Utah, Washington, and Wisconsin people have access to private health insurance.
More than 4.6 million people are covered by it in the United States. State-by-state differences exist in terms of coverage options, plan alternatives, and perks.
Many of its health plans provide cheap co-pays and cover basic medical services like prenatal care, emergency services, hospitalization, immunizations, lab tests/x-rays, prescription medicines, doctor’s visits, and vision insurance.
Adult vaccines, adult preventive services, child and adolescent immunizations, pediatric preventive health care, and prenatal and postnatal care are just a few of the great benefits, wellness care, and preventive health care services offered by Molina to its health insurance subscribers.
Aetna has a good reputation and is one of the largest health insurance companies in the United States.
It has an AM Best financial strength rating of “A” (excellent). Aetna was purchased by CVS Health in 2018, yet it continues to offer workplace health plans to residents of all 50 states in the United States.
Aetna does not provide private, individual insurance, but it does provide Medicare, Medicaid, employer and student policies and makes our list of the best cheapest health insurance in Mississippi.
HSA plans are also available to members (available for high-deductible plans).
Members can choose to see an in-network doctor or a licensed doctor under network plan options, but seeing a network doctor will save them the most money.
#10. Independence Health Group:
Independence Health Group, based in Philadelphia, and its subsidiaries serve about 10 million clients in 27 states and the District of Columbia.
Southeastern Pennsylvania is home to a fourth of the company’s customer base. Small and midsize businesses, as well as national firms, are served by the company.
Commercial, Medicare, and Medicaid coverage, pharmacy benefits management, workers’ compensation, and third-party benefits administration are among the services provided by the insurer.
The company is a Blue Cross and Blue Shield Association Independent licensee.
The largest customer-owned healthcare insurance company in the United States is Health Care Service Corporation (HCSC), a mutual legal reserve company.
Through its affiliates and subsidiaries, HCSC offers a comprehensive range of life and health insurance products and services, including Dearborn Group, Dental Network of America, HCSC Insurance Service Company, Medecision, Availity, Prime Therapeutics, and TriWest Healthcare Alliance.
CVS Health is a healthcare innovation firm whose mission is to assist individuals in achieving better health.
It pioneers a new approach to complete health through its health services, plans, and community pharmacists.
CVS has nearly 1,100 walk-in medical clinics, a pharmacy benefits manager with approximately 100 million plan members, a diversified healthcare benefits company with approximately 23.4 million medical members, a dedicated senior pharmacy care business with over one million patients per year, expanding speciality pharmacy services, and a standalone Medicare Part D prescription drug plan.
#13. Centene Corporation:
Centene Corporation is a diversified, worldwide healthcare company that focuses on uninsured and underinsured persons and provides a portfolio of services to government-sponsored healthcare programs.
It has over 25 million managed care members and operates in 50 states and three overseas markets.
Centene is a health insurance company that administers local health plans and offers a variety of health insurance options.
It also works with other healthcare and commercial organizations to provide speciality services such as behavioural health, dental benefits, life and health insurance, and pharmacy benefits management, as well as care management software, correctional healthcare, in-home health services, managed vision, speciality pharmacy, and telehealth services.
Frequently Asked Questions
Considering a balance between effective service and price, UnitedHealth Group is the best cheapest health insurance in Mississippi.
Yes, Anthem Inc’s plans are typically less expensive per month than those offered by other companies, making them a fantastic deal for those who are young and healthy.
For a major medical individual health insurance plan, Mississippi residents may expect to pay an average of $216.97 per person. Prices vary, and if you are in good health, your rates may be lower.
Residents of Mississippi can enrol in health insurance during open enrollment or during a special enrollment period that is triggered by a qualified life event. If you missed open enrollment and aren’t eligible for special enrollment, you can buy a short-term plan that will cover you for up to 36 months after renewals.
Under the Affordable Care Act, you must have health insurance in Mississippi. The Affordable Care Act (ACA) mandates that everyone in the United States have at least the bare minimum of health insurance. Outside of the ACA, Mississippi has no state-specific healthcare mandates.
Health insurance does not have to be expensive as it looks from afar. There are several options for residents of Mississippi to access quality and affordable health insurance services.