Cheapest (and Best) Health Insurance in Milwaukee, WI (2024)

The price of your health insurance depends on where you live, your age, plan type and what health services you need. MoneyGeek carefully studied marketplace data to find affordable health insurance in Milwaukee, Wisconsin. We also compared the monthly costs, maximum out-of-pocket (MOOP) expenses, plan types and claims denial rates of different insurance providers to find the best providers in the city.

Different companies will offer different types of plans or coverage levels, so looking into various insurers can help you find the best one for your health needs. If there is only one company offering plans where you live, be sure to research its plan offerings and metal tiers to choose the most suitable option.

MoneyGeek assessed health insurance carriers based on plan options, affordability and service quality to identify the top options in Milwaukee. Our unique scoring system shows that Anthem Blue Cross Blue Shield is the best overall pick, with Silver plans costing around $448 per month and a MOOP of $4,625. Quartz is our runner-up pick for the best health insurance provider. Quartz Silver plans cost an average of $538 per month and have an average MOOP of $4,603.

Cost is certainly an important factor, but we encourage you to consider other factors like plan options and customer service when comparing insurers to find the best health insurance option in Wisconsin for you.

With an average Silver plan costing $448, Anthem Blue Cross Blue Shield also offers the cheapest medical insurance option in Milwaukee. It also has a MOOP of $4,625.

Factors including your location and how you intend to split health care costs with your insurer will influence your health insurance cost. Understanding how metal tiers, plan premiums and MOOP costs impact one another can help you find low-cost health insurance. To pinpoint the top cheap health insurance in Wisconsin, be sure to consider deductibles, copays and co-insurance.

Anthem Blue Cross Blue Shield is the least expensive provider for a Silver plan in Milwaukee, with an average premium of $448 per month. Although low-cost plans are budget-friendly, they may not always be the best. If affordability is your priority, a Silver plan is a great mid-tier option that is usually paired with cost-sharing reductions.

The health insurance marketplace metal system comprises Bronze, Silver, Gold and Platinum levels — Bronze plans are usually the cheapest. Catastrophic plans are typically more affordable than Bronze plans but have age restrictions and exclude many services. Lower monthly premiums have higher MOOPs, meaning they protect against catastrophic events but offer limited protection for everyday health expenses.

We listed the most affordable providers in Milwaukee by metal tier along with their average plan costs. We excluded Catastrophic plans since they're only available to individuals under 30.

The cheapest average premium for a Silver plan in Milwaukee is from Anthem Blue Cross Blue Shield's Anthem Silver Pathway/Lean 5800/40% Standard plan at $395 per month.

The following table highlights the companies with the cheapest average monthly premiums by metal level in Milwaukee. Catastrophic plans were excluded from this table due to their age restrictions.

Age is one of the main factors that providers consider when calculating your health insurance rates. As you age, your insurance rates will increase to account for the expected increase in health care needs.

The most affordable plan option will almost always be Bronze or Expanded Bronze plans. Catastrophic plans are cheaper, but they come with certain requirements.

Choosing a lower-tiered plan can cut costs, but always make sure to review the network to avoid paying extra for out-of-network services. The chart below displays some of the least expensive providers in Milwaukee for Silver plans.

Age and metal tier are the two most significant factors that affect health insurance costs. Health insurance premiums become more expensive as you age and as you choose higher metal tiers. The graph below shows examples of how costs can change by age and metal tier.

The federal government provides health insurance subsidies for those with low incomes. If you earn between 100% and 400% of the FPL, you likely qualify. In addition, the American Rescue Plan Act and the Inflation Reduction Act have extended eligibility to those earning above 400% of the FPL until 2025.

Medicare and Medicaid, as well as the Children’s Health Insurance Program (CHIP), are also excellent options for those who may not qualify for subsidies. If your income falls between 100% and 150% of the FPL, you could qualify for Medicaid. Keep in mind that the specific income requirements may vary by state.

MoneyGeek answers some of the most frequently asked questions about health insurance in Milwaukee to guide you while shopping for medical insurance.