The Ultimate Guide to Affordable Health Insurance


October 31, 2015 | Grace Gee & Eugene Wang

Open enrollment starts November 1, 2015 and insurance can be quite daunting for the first-timer. That's why we built an interactive guide to explain what is health insurance, how much does it cost, where to get lower prices, and what to look out for while shopping. Know how to navigate your health insurance options. Get the perfect health insurance fit by knowing your doctors, health costs, network and risk preferences. Let's get started!

What's so good about insurance?


If accidents happen, you won't break the bank.

Toggle the scenarios to find how much you'd pay if you had a typical silver insurance plan.

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How much does health insurance cost?

Your insurance costs and options are based on your age and where you live. Don't worry, HoneyInsured shows you the same options and same rates as Healthcare.gov.

Below are some estimates based on second lowest-cost silver plans in TX.


But most people qualify for lower prices.

With the Affordable Care Act, individuals making less than $47K per year or a family of 4 making less than $97K per year will be eligible for tax subsidies to lower their insurance costs.

Last year, as many as 87% of people who signed up for Obamacare plans qualify for an average savings of $263 per month for their insurance.

In fact for 2016, most people can find a health insurance plan for $75 or less per month.


How should I choose an insurance plan?

1. Decide how much risk you want to take. In general, the more you pay for insurance, the less you have to pay when accidents happen. Select a box to see what to look out for.

Cheap But Risky

This type of insurance is cheap but has the highest Max Out of Pocket of around $6850 for individuals and $13700 for families. Max Out of Pocket is the maximum you ever have to pay for healthcare in a year before the insurance company covers everything else.

In-Between

This type of insurance is average cost and has an average Max Out of Pocket of around $5000 for individuals and $10000 for families. Max Out of Pocket is the maximum you ever have to pay for healthcare in a year before the insurance company covers everything else.

Safe But Expensive

This type of insurance is expensive but has the lowest Max Out of Pocket of around $1500 for individuals and $3000 for families. Max Out of Pocket is the maximum you ever have to pay for healthcare in a year before the insurance company covers everything else.

2. Decide how much doctor choice and flexibility you want. In general, the more you pay for insurance, the more doctor choices you have. Select a box to see what to look out for.

Fewer Doctor Choices

These are generally HMO plans, which means you will have a fixed primary care doctor and need referrals to see specialists in the plan's doctor network. The insurance doesn't cover medical expenses out-of-network.

More Doctor Choices

These are generally PPO plans, which means you don't need referrals to see specialists and can even see doctors out of the plan's doctor network.

3. Estimate how much you need to spend on medical expenses. If you need to spend a lot on healthcare, you should pay more for a better quality insurance. Insurance companies cannot deny you or charge you more if you have pre-existing medical conditions.

Slide to how much you expect to spend on medical expenses in 2016 to find out what plans you should be looking at.

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Based on your spending levels, you should be looking at a Catastrophic plan. On average, catastrophic plans pay less than 60% of your medical bills. Based on your spending levels, you should be looking at a Bronze plan. On average, bronze plans pay 60% of your medical bills. Based on your spending levels, you should be looking at a Silver plan. On average, silver plans pay 70% of your medical bills. Based on your spending levels, you should be looking at a Gold plan. On average, gold plans pay 80% of your medical bills. Based on your spending levels, you should be looking at a Platinum plan. On average, platinum plans pay 90% of your medical bills.