How to Get Cheap Health Insurance Without Losing Coverage

Medicaid is the cheapest option — it’s free or very low-cost for qualifying individuals. If you don’t qualify for Medicaid, a subsidized ACA marketplace plan or a catastrophic plan (under 30) are the next most affordable options.

Yes! With ACA subsidies, many individuals pay $0–$50/month for health insurance. Even without subsidies, catastrophic plans can be under $150/month for healthy young adults.

It depends on the plan. A cheap plan with a very high deductible may not protect you adequately if you have a serious illness or accident. Always consider your total potential costs — not just the monthly premium — when evaluating a plan.

In states that expanded Medicaid, individuals earning up to 138% of the Federal Poverty Level ($20,120/year for a single person in 2025) may qualify for free or nearly free Medicaid coverage.