Cheapest (and Best) Health Insurance in Detroit, MI (2024)

Your health insurance cost is determined by various factors, including your age, plan type, location and coverage needs. MoneyGeek examined industry data to find the most affordable health insurance providers in Detroit. We also considered plan options, monthly premiums, maximum out-of-pocket (MOOP) expenses and claim denial rates to determine the best providers for customers in the city.

Shopping around is a great way to find the best health insurance policy because not all providers offer all metal tiers or plan options. If there is only one provider offering coverage in your location, review its plans and tier choices to see which is ideal for you.

MoneyGeek evaluated insurance companies in Detroit based on affordability, service quality and plan selection. US Health and Life is the best overall, with an average premium of $350 per month and a MOOP of $4,409 for Silver plans. Ambetter is our runner-up, with an average monthly cost of $324 and a MOOP of $4,325.

When choosing a health insurance plan, it's important to consider factors such as plan options and service quality in addition to cost. MoneyGeek also evaluated the best health insurance in Michigan to help you in your search.

The best cheap health insurance in Detroit is from US Health and Life. It has an average MOOP cost of $4,409 and an average monthly premium of $350.

Your health insurance cost is impacted by your location and by how you and your provider divide medical expenses. Plans with higher monthly premiums frequently have lower out-of-pocket expenses.

The company with the lowest rate may not always be the most ideal. If you're looking for low-cost health insurance, it's a good idea to familiarize yourself with the Marketplace metal tiers and how plan rates and MOOP expenses relate to one another. Always keep copays, co-insurance and deductibles in mind when considering pricing.

With an average monthly premium of $324, Ambetter provides the cheapest health insurance in Detroit for Silver plans. Keep in mind that the most affordable health insurance policy may not always be the best. However, if you're looking for cheap policies, Silver plans offer mid-tier coverage and often come with premium reductions.

The Marketplace metal tier system includes plan levels Bronze through Platinum. Bronze plans offer the lowest monthly premiums but have the highest out-of-pocket costs, so they are not ideal for those who have a lot of regular medical expenses. Catastrophic plans are even cheaper than Bronze plans but have age restrictions and include even less coverage.

The most affordable health insurance companies in Detroit for every metal tier are shown below, alongside their average costs. Catastrophic plans were not included in this summary because they are only available to individuals under 30.

The cheapest Silver plan in Detroit is Ambetter Virtual Access Silver, with an average monthly premium of $311.

Based on the metal tier, the cheapest rates in Detroit range from $233 to $343 monthly. The following table lists the most affordable policies by metal tier along with their average rates. Catastrophic plans were excluded as they are only available to people under 30.

When determining your premiums for health insurance, companies consider age as a primary factor, with costs rising as you grow older. Aside from Catastrophic policies, Bronze or Expanded Bronze plans are usually the most affordable and don't include the age limitation that Catastrophic plans do.

To prevent having to pay higher out-of-pocket expenses for out-of-network services, it is essential to research your company's network before choosing a lower-tiered plan. The table below lists some of Detroit's most affordable service providers for Silver plans.

The price of your health insurance is most affected by two variables: age and metal tier. The older you are and the higher the metal tier you select, the higher your rates will be. The graph below shows examples of health insurance costs by age and metal tier.

Health insurance costs can be expensive, but you could be eligible for a health insurance subsidy based on your income. Generally, your income must be between 100% and 400% of the FPL to qualify. However, more people will be able to get subsidies until 2025 thanks to the American Rescue Plan Act and the Inflation Reduction Act, which extended benefits to those with income over 400% of the FPL.

For those who may not qualify for a subsidy, Medicare and Medicaid offer cheap health coverage options. If your income falls between 100% and 150% of the FPL (depending on the state), you could be eligible for Medicaid or the Children's Health Insurance Program (CHIP).

Finding the right health insurance plan can be challenging. To make things simpler for you, we have addressed some of the frequently asked questions about health insurance in Detroit.