Affordable Health Insurance
Mississippi

The average cost of health insurance covergae in Mississippi per month for a 40-year-old individual is $521 for a Silver plan, according to ValuePenguin. However, the actual cost of your health insurance will vary depending on a number of factors, including your age, health, family size, and the type of plan you choose.

For example, a younger individual in good health may be able to find a plan for as low as $200 per month, while an older individual with chronic health conditions may pay upwards of $1,000 per month. Additionally, family plans are typically more expensive than individual plans.

Here is a breakdown of the average monthly cost of health insurance, by plan type and family size:

Mississippi hosts several insurance providers. Notable companies include Blue Cross Blue Shield of Mississippi, Aetna, Cigna, Humana, and United Healthcare, formerly known as Golden Rule Insurance Company. It’s always a good idea to shop around and compare policies before making a decision. For a complete list and plan comparisons, check out marketplaceamerica.org.

Yes, Mississippi offers state-sponsored insurance plans through programs such as Medicaid and the Mississippi Children’s Health Insurance Program (CHIP). Eligibility for these programs is determined by income, family size, and other criteria. You can also explore additional options on marketplaceamerica.org.

Blue Cross Blue Shield of Mississippi is one of the leading insurance providers in the state and is highly regarded for its comprehensive options and network of healthcare providers. As with any insurer, customer satisfaction can vary, so it’s essential to read reviews and compare plans.

Determining the “best” healthcare in Mississippi depends on individual needs. However, renowned hospitals like the Medical University of Mississippi (MUM) in Jackson are known for excellent care. It’s recommended to compare coverage, customer reviews, and rates from various providers.

According to the U.S. Department of Health and Human Services, a low-income household in Mississippi is one that earns an income below 200% of the federal poverty level (FPL). In 2023, the FPL for a single person in Mississippi is $12,890. This means that a single person earning less than $25,780 per year is considered low-income. For a family of four in Mississippi, the FPL is $27,750 per year. This means that a family of four earning less than $55,500 per year is considered low-income. Here is a table of the FPL for different household sizes in Mississippi:

While Mississippi doesn’t offer entirely free healthcare, there are state-sponsored programs like Medicaid and CHIP that provide healthcare at reduced or no cost for eligible individuals and families based on income and other criteria.

The maximum income to qualify for Medicaid in Mississippi varies depending on your age, family size, and disability status. However, in general, most adults must have an income below 135% of the federal poverty level (FPL) to qualify for Medicaid. Here is a breakdown of the maximum income limits for Medicaid in Mississippi, by age and family size:

The cheapest health insurance plans will depend on individual factors such as age and plan type. It’s advisable to shop around, compare quotes, and consider both monthly premiums and out-of-pocket expenses when determining cost.

Eligible residents can apply for free or reduced-cost medical insurance through state programs like Medicaid or CHIP. To determine eligibility, one can consult with the Mississippi Department of Health and Human Services. Additionally, depending upon your household income, you may be able to secure Marketplace coverage at no cost utilizing premium subsidies and/or tax credit. Check marketplaceamerica.org to see how much savings you are entitled to.

Self-employed individuals can purchase major medical insurance through the Marketplace. There might be specific plans tailored to the self-employed, offering flexibility and coverage suitable for entrepreneurs. You can explore individual plans suited for you on marketplaceamerica.org.

The best health insurance offered in Mississippi depends on your individual needs and budget. However, some of the most popular and highly-rated insurers in the state include:

• Vantage Health Plan
• Cigna Healthcare
• Molina Healthcare
• Ambetter of Magnolia

Medicare, health coverage for those 65 and older, offers two main choices in Mississippi. Beneficiaries can either opt for Original Medicare, which encompasses Part A (covering hospital services) and Part B (for medical services), or they can select Medicare Advantage plans, known as Part C. These plans are provided by private insurers and often feature added perks like prescription drug coverage, dental, and vision benefit

No, health insurance is not mandatory in Mississippi. Neither the state nor the federal government has a law requiring residents to have health insurance. However, the Affordable Care Act (ACA) does impose a tax penalty on individuals who do not have health insurance, unless they qualify for an exemption. The tax penalty is waived for 2023, but it is unclear whether it will be reinstated in future years.

The health insurance marketplace, also known as the exchange, is an online platform where individuals, families, and small businesses can compare and purchase health insurance plans. It provides a centralized location to find information about different insurance options, check eligibility for cost assistance, and enroll in a plan that suits your needs. The marketplace is accessible through Healthcare.gov in most states, while some states operate their own exchanges.