Best Louisiana Health Insurance (2024 Plans)

Are you seeking the best health insurance options in Louisiana? Look no further. In this guide, we’ll explore the top health insurance providers in the state, their coverage options, and what sets them apart.

From affordable premiums to comprehensive coverage, we’ll help you navigate the landscape of health insurance in Louisiana so you can make an informed decision that meets your needs and budget.

Whether you’re an individual, a family, or a business owner, finding the right health insurance plan is crucial for your well-being. Let’s dive into the details and find the best health insurance in Louisiana.

How much does health insurance cost in Louisiana?

The typical cost of health insurance in Louisiana is $666 per month for a 40-year-old purchasing a Silver plan.

Your age is one of the two main factors that influence the cost of health insurance.

In Louisiana, a 21-year-old typically pays around $521 per month for a Silver health insurance plan, which is 22% less than what a 40-year-old pays. However, after age 40, health insurance costs can rise rapidly. For instance, a 60-year-old with a Silver plan pays an average of $1,414 per month, which is more than double the cost for a 40-year-old.

Best Overall for Health Insurance in Louisiana

Ambetter offers top health insurance in Louisiana. Their plans feature competitive prices, minimal out-of-pocket expenses, and above-average claims handling.

For this, we examined 32 health insurance plans in Louisiana, including Silver EPO, HMO, POS, and PPO options.

Best Health Insurance in Louisiana for Low Out-of-Pocket Costs

Ambetter offers the top health insurance in Louisiana for low out-of-pocket costs, scoring 82 out of 100 with MoneyGeek. Their plans have very competitive rates and keep out-of-pocket costs low.

It also has higher than average rates of approving claims, which means it doesn’t deny covering care as frequently as some other insurance companies might. To determine the best option, we examined various health insurance plans. We reviewed 11 Gold EPO plans, 3 Gold HMO plans, 9 Gold POS plans, and 2 Gold PPO plans from Louisiana.

Best Cheap Health Insurance in Louisiana

Ambetter is the top affordable health insurance provider in Louisiana. Their plans offer below-average rates, minimal out-of-pocket expenses, and fewer claim denials compared to most insurers.

We reviewed 32 Silver plans in Louisiana, consisting of 13 Silver EPO plans, 3 Silver HMO plans, 13 Silver POS plans, and 3 Silver PPO plans. We considered plans with lower monthly premiums more heavily, but it’s important to remember that typically, plans with lower premiums have higher out-of-pocket costs.

Best Health Insurance for Low Income in Louisiana

Ambetter offers the top health insurance in Louisiana for individuals with low income, earning a score of 90 out of 100. Their plans feature low premiums, minimal out-of-pocket costs, and fewer claim denials compared to most. In this assessment, we examined 13 Silver CSR EPO plans, 3 HMO plans, 13 POS plans, and 3 PPO plans in Louisiana.

We prioritized plans with low monthly premiums that offer cost-sharing reductions. These reductions decrease your healthcare expenses if you have a lower income. This allows you to save money each month without paying a lot when you require healthcare. Typically, a standard Silver plan covers around 70% of your healthcare costs, but with a CSR Silver plan, you may receive even more coverage.

• If you earn between $27,180 and $33,975 per year, you may have 73% of your health expenses covered.
• If your income is $20,385 to $27,180 annually, you can anticipate 87% of your expenses being covered.
• If you earn less than $20,385 per year, you can expect 94% of your expenses to be covered.

Best Health Insurance for Young Adults in Louisiana

Ambetter offers the top health insurance for young adults in Louisiana. They have lower out-of-pocket expenses and reject claims less frequently than other insurers. Catastrophic plans are available only for young adults under 30, typically costing less monthly but possibly requiring higher payments for care when needed.

In Louisiana, we examined a total of 1 Bronze EPO plan, 1 Bronze POS plan, 2 Bronze PPO plans, 9 Expanded Bronze EPO plans, 3 Expanded Bronze HMO plans, 8 Expanded Bronze POS plans, and 2 Expanded Bronze PPO plans.

Best Health Insurance by Plan Type in Louisiana

Health insurance companies offer various plans for you to choose from. The top providers for all plan categories in Louisiana are:

• EPO: Ambetter
• POS: Blue Cross Blue Shield
• PPO: Blue Cross Blue Shield
• HMO: Christus Health

Our recommendations focus solely on Silver plans. These plans are suitable for individuals who occasionally visit the doctor. They help strike a balance between your monthly payments and the expenses incurred when seeking medical care.

Louisiana offers various Silver plans to choose from, including 13 Silver EPO plans, 3 Silver HMO plans, 13 Silver POS plans, and 3 Silver PPO plans.

How to Find the Best Health Insurance for You in Louisiana

Your budget and healthcare needs will help you choose the right health insurance provider in Louisiana. Consider how much you can afford monthly and your expected medical expenses. Here are some tips to help you plan for health insurance:

Understand when a health insurance plan will cover you

In health insurance, if you visit doctors and hospitals in your plan’s network, you’ll pay less. Going outside the network could mean paying more or not being covered at all. Some plans offer more flexibility to see doctors outside the network, but they might cost more. Choose the option that suits your budget and whether you want more choices in doctors.

In Louisiana, there are 13 EPO plans and 3 PPO plans. EPO plans prioritize network doctors and usually have lower costs. PPO plans offer more flexibility to see doctors outside the network but might have slightly higher costs.

Weigh the cost of premiums vs. the cost of care

Choosing the right health insurance plan involves balancing your monthly payments with the amount you might need to pay for doctor visits and medications. Some plans have lower monthly costs but require higher payments if you need frequent medical care. On the other hand, if you’re willing to pay more each month, you might not have to cover as much of the costs yourself.

One example is Ambetter’s Clear Silver plan, which has the lowest out-of-pocket costs at $5,400. This plan’s monthly premium is $521, which is lower compared to other Silver plans offered by Ambetter. If the plan’s network of doctors and services meets your needs, this could be an excellent option because it offers reasonable monthly payments while providing protection against large medical expenses.

Consider Louisiana Medicare or Medicaid if You’re Eligible

If you’re 65 or older or have a qualifying illness or disability, you can consider Medicare. It’s a federal health insurance program that provides financial help for healthcare services. Medicare has different parts:

• Part A (Hospital Insurance): Covers hospital stays, skilled nursing facilities, hospice care, lab tests, and surgeries.
• Part B (Medical Insurance): Covers doctor visits, home health care, preventive services, and durable medical equipment for outpatient care.
• Part D (Prescription drug coverage): Pays the prescribed medication cost.

Besides Medicare, there’s another government program called Medicaid to assist low-income individuals with coverage. If your income is below 133% of the Federal Poverty Level (FPL) for your household size, you might qualify for Medicaid.

FAQ About Louisiana Health Insurance