Nationwide, the individual marketplace for health insurance has stabilized with decreased premiums, attracting companies like Oscar to return to North Texas and Blue Cross Blue Shield of Texas to enter the market. Enrollment in the marketplace peaked in 2016, with more than 1.3 million people selecting plans. In 2019, that number was down to just over a million.
There are eight insurers in the Texas marketplace this year, including Blue Cross Blue Shield of Texas, Molina, Oscar, and Christus Health. Two thirds of the state have three or more companies competing for business in the individual market, while 11 percent of Texas has only one insurer available for individuals.
Of the five plan types, the two most affordable plans both saw more than nine percent decreases, and every plan except for Expanded Bronze saw price decreases compared to 2018 levels. In Dallas County, the cheapest plan for a single, 40-year-old adult, is the Constant Care Silver 2 250 plan, which is $408 per month.
The chart below shows the average cost of insurance coverage for each tier on the individual market broken down by age.
Learn more about the individual market prices here.