Does Policygenius offer the cheapest health insurance rates?

Your guide to understanding the rates offered by Policygenius.

What you need to know

Policygenius offers every health insurance plan available on and more, which means that we offer everything from the lowest priced plan to the highest priced plan. It's important to note the monthly price of your plan – referred to as the premium – is regulated by your state's Department of Insurance. That price stays the same no matter where you shop for or buy health insurance from.

Under the Affordable Care Act, there are only five factors that go into setting your premium:

  1. Your age
  2. Your location
  3. Whether or not you use tobacco
  4. Individual v.s. a family plan
  5. Your plan category (Bronze, Silver, Gold, Platinum, or Catastrophic)

Health insurance companies are not allowed to take your gender or your current or past health history into account when setting your premium.

Health insurance companies must report all price increases to the state's Department of Insurance. The Department of Insurance will review the insurer's plans, including details about deductibles, coinsurance, and copays. This helps ensure that all rate increases are justified and reasonable for both the health insurance company and consumers.

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