Affordable Health Insurance
North Carolina

The monthly cost of health insurance coverage in North Carolina varies based on factors such as the type of plan, age, location, and health status. On average, residents can expect to pay anywhere from $300 to $600 per individual. Financial assistance or premium subsidies decrease the monthly amount you pay for your coverage. For a quick estimate of your financial savings, consider visiting marketplaceamerica.org.

he average cost of health insurance in North Carolina per month in 2023 is $482 for an individual and $2,130 for a family of four. However, the actual cost of your health insurance will vary depending on a number of factors, including your age, health status, tobacco use, location, and the type of plan you choose.

For example, a 26-year-old non-smoker in good health living in Raleigh, NC can expect to pay an average of $333 per month for a Bronze plan on the Health Insurance Marketplace. A 65-year-old smoker with chronic health conditions in the same city can expect to pay an average of $1,200 per month for a Silver plan.

Here is a breakdown of the average monthly premiums for different types of health insurance plans in North Carolina, according to eHealthInsurance.com:

The average monthly cost of health insurance in North Carolina by metal tier in 2023 is as Metal tier

North Carolina hosts several insurance providers. Notable companies include Blue Cross Blue Shield of North Carolina, 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, North Carolina offers state-sponsored insurance plans through programs such as Medicaid and the North Carolina 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 North Carolina is one of the leading insurance providers in the state and is highly regarded for its comprehensive coverage 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 North Carolina depends on individual needs. However, some of the most highly rated hospitals in the state include:

• Duke University Hospital
• UNC Hospitals
• Atrium Health Carolinas Medical Center
• UNC Rex Hospital
• Moses Cone Memorial Hospital

These hospitals are known for their excellent care, state-of-the-art facilities, and experienced staff. They also offer a wide range of services, from primary care to specialized procedures.

According to the U.S. Department of Housing and Urban Development (HUD), low income in North Carolina is defined as a household income that is less than 80% of the area median income. The median income is the midpoint of the income distribution, meaning that half of the households in an area earn more than the median and half earn less.

According to HUD, the median income for a household of four in North Carolina is $60,516. This means that a household of four with an income of less than $48,412.80 would be considered low income.

However, there are other factors that can also be considered when defining low income, such as the cost of living in a particular area. For example, the cost of living in Charlotte is significantly higher than the cost of living in rural North Carolina. As a result, a household of four with an income of $48,412.80 may be considered low income in Charlotte, but not in rural North Carolina.

While North Carolina 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 income threshold for Medicaid in North Carolina varies by household size. For example, a family of four typically needs an income of less than about $38,280 to qualify. Always check the current guidelines or consult with a local agency, as these figures can change.

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 North Carolina 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 cost of health insurance varies. Factors influencing price include:

• Age
• Location
• Health status
• Type of plan
• Level of coverage
• Deductible
• Copayments
• Out-of-pocket maximums

To get an accurate estimate of how much health insurance will cost you, it’s important to compare quotes from multiple providers. You can do this through the Health Insurance Marketplace or by working with a licensed insurance agent.

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.

Medicare, health coverage for those 65 and older, offers two main choices in North Carolina. 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, and dental, and vision benefits.