Cheap Health Insurance in Wisconsin 2021

Last modified: September 7, 2021

Health insurance is a must-have for anyone with an underlying health condition, and even for those who are well. There are many benefits of taking out health insurance – ensuring hospital and medical costs are covered during times of medical emergencies is just one of them. So, it pays to find cheap health insurance in Wisconsin. Since there are many providers of healthcare insurance in the state, it’s always great to shop around to find yourself the best option. The good news is that the people of Wisconsin can use the bustling health insurance market in the state to find the best health insurance plan for their specific needs.

While there are no penalties for not having health insurance in Wisconsin, there are plenty of downsides, which is why residents are advised to get health insurance. Most health insurance providers in Wisconsin lowered their premiums, which encouraged more people to buy health insurance plans.

According to reports, around 185,000 people had enrolled for health insurance plans in Wisconsin via exchanges in 2020. The good news for those looking for affordable health insurance plans in Wisconsin is that there are quite a few top insurers that operate within the state. This guide is going to be all about health insurance in Wisconsin, the top insurers, pricing comparisons, and everything that you need to know about getting health insurance in the state. If you are looking for an insurance policy outside of Wisconsin make sure to go through our list of best health insurance companies in the US.

List of Providers and Comparison of Plans

If you want to get the best prices when looking for insurance plans, then you will have to shop around health insurance companies in Wisconsin. There are many top insurers that are known for providing reliable and affordable health insurance plans in Wisconsin. To give you an idea of what to look for, here are a few of the top health insurers in the state.

Security Health Plan of Wisconsin

Security Health Plan of Wisconsin offers health insurance and other related products to residents of 35 counties within Wisconsin. The insurer is known for providing exceptional quality and prices for people who need decent insurance plans. The insurer offers plans that include HMP coverage along with supplemental Medicare plans as well. The costs of their plans vary depending on the individual. The insurance provider offers excellent customer service and enjoys positive ratings.

Molina Healthcare

Molina Healthcare is another great option for those who are looking for health coverage at an affordable cost. Their customization option sets them apart from the rest. Once you join Molina, customers get to enjoy free annual exams along with budget-friendly coverage options and free virtual care services as well. The insurer has over 40 years of experience in delivering insurance products and enjoys a high customer rating because of its exceptional service quality.

Medica

Medica is another name that comes to mind when it comes to health insurance in Wisconsin. The company offers cost-effective options with low premiums and high deductibles, which has made it the go-to choice for many residents of Wisconsin. The insurance provider boasts of excellent customer service as well to answer all your queries and questions.

Arise Health Plan

Arise Health Plan, otherwise known as WPS Health Insurance, is a well-known health insurance provider for residents of Wisconsin. The company has been operating since the mid-1940s and is known for delivering some of the best health insurance coverage plans in the state of Wisconsin. The insurer is known for its low-cost plans and great customer service, which makes it one of the most sought-after options when it comes to health insurance in Wisconsin.

Common Ground Healthcare

Common Ground Healthcare Cooperative is an insurer of thousands of residents of Wisconsin. The insurance provider is known for delivering a high level of value with affordable plans for individuals and families. On the website, users also get to compare plans for small businesses and can also search for providers under the Envision Network. The company enjoys rave reviews and is known for its excellent customer support services.

Cheapest Health Insurance Plan by Cities in Wisconsin

People searching for the cheapest health insurance in Wisconsin need to know that health insurance premiums vary depending on the city you live in. To get an idea of health insurance costs throughout the state of Wisconsin, here’s a quick breakdown of health insurance by city in Wisconsin;

City Cost
Milwaukee   $486/month  
Madison $480/month
Green Bay $486/month
Kenosha $485/month
Racine $455/month

 Average Cost of Health Insurance by Family Size in Wisconsin

Those who are looking to get health coverage often ask about the average cost of health insurance in Wisconsin. According to new data, the average cost of health insurance plans in Wisconsin for families is around $455 per individual. However, the cost varies depending on the age of the members of the family, along with other factors such as underlying health conditions, injuries, etc. Comparing health insurance plans online can get you a good idea of what you’re getting into when going for health insurance in the state.

Wisconsin Health Insurance Guide and Resources

If you are searching for health insurance in Wisconsin, then there are quite a few options available. The following are some of the different types of private health insurance in Wisconsin that you can avail.

  • Employer-Based Health Insurance – This type of health insurance is offered by the employer to their employees. It is also financed by the employer as well or can include joint employee-employer contributions. This is a more common option for health insurance in Wisconsin, but there are other options available for those who are not eligible for employer-based health insurance.
  • Private Health Insurance – Private health insurance plans are plans available for individuals. There are plenty of insurers offering private health insurance plans in Wisconsin, which can be found easily on the health insurance marketplace. The good news is, anybody who is seeking health insurance can find and compare from the best health insurance providers in Wisconsin.
  • Government-Assisted Health Insurance In Wisconsin, residents are also eligible for government-assisted health insurance plans provided they meet the eligibility criteria. According to reports, around 1.15 million people are enrolled in Medicare in Wisconsin, with up to 65% enrolled due to some disability. If you are a US citizen, are not incarcerated, and fit other criteria requirements, you may also be eligible for Medicare coverage. The government also offers the option of Medicaid. To be eligible for this program, a household of three should not exceed a maximum income level of $28,888 per year. Also, to be eligible for Medicaid, applicants can have no more than $2,000 in their bank account.

Tips to Save on Health Insurance in Wisconsin

Once you visit the Wisconsin health insurance exchange, you will find a plethora of options that you can choose from. Here are a few tips to make sure you get the best price when opting for Wisconsin health insurance.

Factors that Determine Health Insurance Cost

It should be noted that there are several factors that insurers take into consideration when it comes to approving applicants for health insurance coverage. Keeping that in mind, the following are some of the factors that are considered by insurance providers in Wisconsin:

  • Body Mass Index (BMI)
  • Tobacco use
  • Age
  • Location
  • Cost-sharing reductions
  • Should you apply as family or individuals
  • Pre-existing conditions
  • Gender
  • Insurance and medical history

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

When is Wisconsin open enrollment for 2021 health insurance coverage?

Open enrollment for 2021 started on January 1, where people enrolled in a health insurance plan on the individual market.

Did Wisconsin expand Medicaid?

Wisconsin is the only state that partially expanded its Medicaid plan to include all adults under the 100% FPL. Those with an income higher than 100% FPL will be eligible for subsidized insurance via the health insurance exchange.

Is Health Insurance Mandatory in Wisconsin?

No, there is no legal requirement for health insurance in Wisconsin. However, there are downsides to not getting health insurance. There are also no state laws that require employers to offer group health insurance to their employees either.

What is the income limit for Medicaid in Wisconsin?

The income limit for Medicaid in Wisconsin for a household of 3 members is $28,888, which increases to around $34,000 for four members. The price for Medicaid increases along with the number of family members applying for the coverage.

What are Short term health insurance conditions?

Short-term medical insurance refers to a level of coverage for doctor visits, preventive care, and emergency care. This type of coverage may also cover doctor’s prescriptions depending on the insurer.

What is the uninsured population rate in Wisconsin?

Based on stats from 2019, 5.5% of the total population of Wisconsin is uninsured.