Cheapest (and Best) Health Insurance in El Paso, TX (2024)

Where you live has an impact on how much you pay for health insurance. Other factors that affect premiums include your age, your health care needs, the type of plan you want and the number of people you want on your policy.

We selected companies that offer the cheapest medical insurance in El Paso after reviewing Marketplace data. We took into account monthly premiums, maximum out-of-pocket (MOOP) expenses, claim denial rates and the types of plans on offer. Not all companies provide the same types of plans and metal tiers, so it’s ideal that you compare your options and choose one based on your specific needs.

MoneyGeek looked at insurance companies in El Paso to determine the best options based on how they fare across affordability, customer service and plan options. Based on our research, the best health insurance companies in El Paso are:

• Ambetter from Superior Health Plan: Average monthly premium is $536 and MOOP is $4,800
• Aetna: Average monthly premium is $443 and MOOP is $5,215

You should evaluate more than just the cost when selecting a health provider. The available plans, customer service ratings and cost-sharing options should also be considered.

MoneyGeek identified Ambetter as the best affordable health insurance provider in El Paso. Its average health insurance cost is $540 per month, and its MOOP is $4,314. The actual amount depends on how you split health care costs with the company and can vary between cities and states.

The company that provides the best health insurance in El Paso is not necessarily the most affordable. If you’re looking to get cheap health insurance, it’s important for you to understand how the Marketplace metal system works and the correlation between MOOP costs and premiums. You should also look at deductibles, co-insurance and copayments.

Aetna provides the cheapest premium for a 40-year-old in El Paso, charging an average of $443 per month. These rates are on a provider level.

The cheapest coverage is not necessarily the best. If you’re looking for an affordable option, Silver plans are good mid-tier alternatives because they tend to offer premium reductions.

The metal system consists of basic tiers that include Bronze, Silver, Gold and Platinum. Bronze plans come with the lowest monthly premiums. Catastrophic plans have lower premiums than Bronze but are highly restrictive.

Low monthly premiums are typically offset by high MOOP expenses. While they offer coverage for disastrous events, they don’t provide adequate coverage for regular health care.

The table below shows the cheapest health insurance companies in El Paso based on metal tiers. We’ve excluded Catastrophic plans because they have restrictive eligibility.

The cheapest average premium for a Silver plan for a 40-year-old comes from Aetna’s Silver S: Aetna network of doctors & hospitals + $0 Walk-in clinic + $0 Telehealth 24/7, with a monthly premium of $414. We have based this section on a plan level and not a provider level.

The corresponding table highlights the most affordable insurance providers in El Paso by metal tier and their average costs. We have not included Catastrophic plans because they're only available to people under 30 years of age.

The primary factor that affects health insurance costs is your age, irrespective of where you live. Premiums increase as you age to compensate for expected increases in health care needs. More often than not, Bronze or Expanded Bronze plans are the most affordable. While Catastrophic plans are cheaper, they come with various restrictions.

If you choose a lower-tiered plan, make sure you’re okay with the available network so you don’t have to pay extra for using out-of-network services. You can review the table below to evaluate the cheapest insurance companies for Silver plans.

Your age and the metal tier you select have a bearing on how much you pay for coverage each month. The older you get, the more you can expect to pay for the same tier. The corresponding table shows how costs increase based on your age and different tiers.

Financial assistance is usually available to people from specific low-income brackets. Previously, people who benefitted from subsidies were ones whose income stood between 100% and 400% of the FPL. The American Rescue Plan Act and the Inflation Reduction Act suspended this rule until 2025, which makes people with incomes over 400% of the FPL eligible to receive subsidies.

If you don’t qualify for a health insurance subsidy, you may look at what Medicaid, Medicare and the Children’s Health Insurance Program (CHIP) have to offer. Depending on where you live, your income needs to be 100% to 150% of the FPL to qualify for Medicaid.

Taking a look at answers to other commonly asked questions about the best way to find affordable health insurance in El Paso can help simplify your decision-making process.