Cheap Health Insurance for a 56-Year-Old Male in 2025 (10 Most Affordable Companies)

Cheap health insurance for a 56-year-old male starts at $136 monthly with Erie, American Family, and Liberty Mutual. Erie leads for its stable premiums, which prevent sudden price increases, and saving options, which are essential for a 56-year-old male.

American Family allows plan personalization and preventive care protection to detect early signs of medical issues. Liberty Mutual focuses on flexible options, especially for those who are transitioning from their 50s and switching plans. Check the table below for more insurance companies.

Our Top 10 Company Picks: Cheap Health Insurance for a 56-Year-Old Male

This guide to the best comprehensive healthcare companies lets you discover what is the best health insurance for people over 55. Check these top 10 cheap providers for your health insurance.

This article will explore the basics of health insurance costs, average costs for a 56-year-old male, the impact of lifestyle on health insurance costs, how pre-existing conditions can affect insurance rates and ways to potentially lower health insurance costs. Get your quotes by entering your ZIP code.

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#1 – Erie: Top Overall Pick

Pros

• Stable Premiums: Unlike other insurers, which increase rates as policyholders age, Erie has a consistent monthly rate of $136, preventing sudden premium hikes as they age.
• Variety of Savings Options: A multi-policy discount significantly reduces the overall health insurance cost of a 56-year-old male who bundles health insurance with their auto or home policy.
• Low Level of Complaints: Erie is more efficient because it has fewer complaints, spends less time on disputes and legal issues, and creates savings options to lower premiums with fewer rate hikes.

Cons

• Limited State Presence: The operations are concentrated in some regions, which limits accessibility based on geographical factors.
• Dependence on Specific Revenue Streams: Erie depends on certain revenue sources, meaning risks in a claim may occur if those areas encounter challenges. Check out this Erie insurance review.

#2 – American Family: Best for Loyalty Rewards

Pros

• Plan Personalization: American Family allows a 56-year-old male to have cost-efficient plans by personalizing the coverage that suits their needs to reduce premiums and cut unnecessary expenses.
• Financial Stability and Loyalty Discount: Its financial status ensures lower rates and avoids frequent price increases, as it doesn’t have to compensate for economic losses.
• Preventative Care Benefits: Health issues are identified through routine screening and preventive care programs to reduce long-term medical expenses. For more details, see our American Family review.

Cons

• Deductibles High Rate: Some plans have higher deductibles, requiring more out-of-pocket costs before insurance effectivity.
• Limited Availability in Some Regions: American Family is unavailable in some states, so coverage is inaccessible. You should check what state it is offered in.

#3 – Liberty Mutual: Best for Flexible Options

Pros

• Extensive Policy Options: The policies are flexible, enabling a 56-year-old male to customize his coverage and avoid unnecessary costs.
• Wellness and Preventive Care Savings: A discount for those who engage in preventive care programs to mitigate health risks early while reducing medical costs in the future.
• Competitive Premiums: According to Liberty Mutual review, the company provides lower-than-average premiums for policyholders in their 50s.

Cons

• Expensive Rates for High-Risk Individuals: Although it has affordable rates for a 56-year-old male, those who have pre-existing conditions and frequent medical visits face higher premiums.
• Customer Service Inconsistency: There are delays in the claims processing and customer service responses, which can be frustrating when dealing with medical bills.

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#4 – Travelers: Best for Safe Practices

Pros

• Trusted Financial Foundation: Travelers is known for its reliable claims settlements, ideal for a 56-year-old male with sudden medical conditions.
• Market-Friendly Rates: With its low rates, bundle savings, and loyalty discounts, a 56-year-old male can get health insurance while saving.
• Inclusive Insurance Plans: Inclusive health plans based on the needs, including safe practices like telemedicine healthcare services. Learn more about these plans in Travelers Review. 

Cons

• Limited Availability of Health Insurance Products: Travelers’ health insurance is not offered in certain regions, potentially limiting access to some customers.
• Customer Service Variability: Inconsistency in claims, customer service, and overall insurer satisfaction.

#5 – Nationwide: Best for Smart Discounts

Pros

• Budget Flexible Options: Nationwide offers competitive rates for individuals in their mid-50s, especially those in good health. The full details are in the Nationwide Review.
• Cost-Effective Prescription Drug Coverage: Affordable prescription drug coverage is essential for a 56-year-old male starting to take medications regularly.
• Preventive Care Benefits: Health plans include free or low-cost preventive services like cancer screening and cholesterol checks to catch health issues early.

Cons

• Geographic Coverage Restrictions: Potential customers located in states where the insurer is not accessible may not be able to take advantage of the deals and plans.
• Higher Insurance Rates: Customers with pre-existing conditions on their medical history experience higher premiums compared to the usual rates for a healthy 56-year-old male.

#6 – Allstate: Best for Retiree Focus

Pros

• Preventive Care Inclusion: Allstate’s preventive programs cover cancer screenings, annual check-ups, and cholesterol tests, as men in their 50s are at higher risk for medical issues.
• Low-Cost Basic Plans: Policyholders can adjust the deductibles, copays, and network choices, making it cost-effective and coverage-efficient.
• Affordable Access to Medications: Access to low-cost treatment for existing health conditions like blood pressure. Learn more about this policy in the Allstate insurance review.

Cons

• Delays and Denial Complaints: Some Allstate customers complain about the response time of claims and even denial in the worst case of medical issues.
• Limited Coverage for Pre-Existing Conditions: Short-term plans do not include pre-existing health concerns, making them less suitable for a 56-year-old male.

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#7 – State Farm: Best for Reliable Coverage

Pros

• Supplemental Health Insurance: State Farm offers supplemental health insurance products to people approaching retirement age and establishing fixed payouts for unforeseen additional costs.
• Medicare Supplemental Insurance: This program can help pay for costs that Medicare does not cover as people approach the 65-year-old eligibility age for Medicare.
• Extensive Coverage Choices: HMO and PPO are offered for a 56-year-old male, whichever aligns with their healthcare needs. Check what these plans cover in State Farm Review. 

Cons

• Pricier Premiums: Certain policyholders could have more fees due to the wide variations in premium prices based on variables like location, health status, and coverage selections.
• Availability of Plan Limitations: Some people may not be able to access State Farm’s health insurance options because they are not offered in all areas.

#8 – Farmers: Best for Active Benefits

Pros

• Financial Reliability: Farmers had an A from A.M. Best for paying out claims, which is good for a 56-year-old male if sudden health issues arise.
• Optional Supplemental Health Options: Farmers offer optional advantages like accident insurance, which can help cover unforeseen costs caused by mishaps.
• Hospitalization Financial Assistance: Hospital indemnity insurance from Farmers offers a set benefit for both daily confinement and hospitalizations. Farmers review provides extensive details.

Cons

• Farm-Related Injury Exclusions: Some policies might not cover chronic illnesses, which could result in out-of-pocket costs for these particular medical problems.
• Emphasis on Other Insurance Types: Its health insurance products are less known, which could lead to fewer plan selections and less extensive coverage.

#9 – The Hartford: Best for Retiree Discounts

Pros

• Supplemental Coverage: Hartford offers GRH plans to supplement pre-existing health insurance, such as Medicare, which assists in paying out-of-pocket medical costs.
• Comprehensive Coverage: The Hartford insurance review highlights individual, family, and corporate health insurance policies that offer specialist coverage, such as dental and wellness programs.
• Plan Affordability: It is also known for its budget-friendly policies, ideal for a 56-year-old male who retires from his work.

Cons

• Fewer Individual Health Plans: It is centered on a group retiree program, which means other individuals seeking personal health plans are not eligible.
• Negative Customer Review: On Hartford’s Yelp and online sites, customers are generally dissatisfied based on 130 reviews that rate 1.7 out of 5 on average.

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#10 – Progressive: Best for Bundling Discounts

Pros

• Competitive Pricing: Progressive offers affordable premiums for individuals in their mid-50s by partnering with multiple insurers, keeping costs reasonable compared to some competitors.
• Flexible Coverage Options: They provide a variety of plans that can be customized to meet different healthcare needs, from basic to more comprehensive coverage.
• Strong Financial Stability: Progressive ensures reliable support for claims and long-term coverage. In Progressive insurance review, you can check all the affiliated companies.

Cons

• Limited Options for Health Plans: Progressive does not directly offer health insurance, which results in higher premiums than insurers like Erie and American Family, which specialize in health coverage.
• More Expensive Coverage: Health insurance premiums increase with age. Factors like coverage type and deductibles may result in higher rates.

Understanding Health Insurance Costs

Health insurance costs and coverage can vary significantly based on factors such as age, location, and needs. The table below provides a closer look at which is the best health insurance in terms of cost-efficiency.

56-Year-Old Male Health Insurance Monthly Rates by Provider & Coverage Level

There are crucial aspects to consider in premium rates for cheap health insurance for a 56-year-old male. Health insurance premiums are the regular payments individuals make to maintain their coverage. Understanding the factors that affect the cost of these premiums is essential, as they play a significant role in determining the overall affordability of health insurance.

We have listed many discounts that can decrease your premiums. Check this out.

Health Insurance Discounts From the Top Providers for 56-Year-Old Male

You can avail of all these discounts depending on your eligibility. Of course, if some may not fit your plan or background, but make sure to assess all options for your special health care needs. 

Average Health Insurance Costs for a 56-Year-Old Male

Understanding the average health insurance costs for a 56-year-old male can provide insight into what individuals can expect to pay and the expected out-of-pocket cost. The table below shows the average health insurance rates by provider.

Health Insurance Average Costs for 56-Year-Old Males

When considering cheap health insurance for a 56-year-old male, it is crucial to understand that several factors contribute to the final amount. These factors include the type of coverage selected, the state of residence, and the individual’s overall health condition. Erie had the lowest minimum coverage, so it is the number one choice.

By taking these variables into account, individuals can better understand the expenses associated with their health insurance.

National Average Costs vs. Costs by State

The national average health insurance cost for a 56-year-old male is approximately $X monthly. This average takes into account various factors, including the type of coverage selected and the state of residence.

It is important to note that the national average cost is just a general estimate. The actual cost for an individual may vary based on their specific circumstances. Factors such as pre-existing conditions, desired summary of benefits and coverage options, and deductibles can influence the final monthly premium. In the table below, let’s explore each state’s national average costs and costs.

Health Insurance Monthly Rates for 56-Year-Old Males by State vs. U.S. Average

The cost of health insurance can vary significantly from state to state. For example, the average monthly premium for a 56-year-old male in State A is $Y; in State B, it might be $Z. It is crucial to consider these variations when estimating health insurance costs.

When analyzing the costs by state, it is important to understand the underlying factors contributing to these variations. Each state has its own regulations, healthcare system, and market dynamics, all of which influence the cost of health insurance. Factors such as population density, average healthcare utilization, and competition among insurance providers can all impact the premiums charged.

Furthermore, state-specific factors, such as the availability of subsidies or Medicaid expansion, can also influence the overall cost of health insurance. It is essential for individuals to research and understand these factors when considering health insurance options in their state.

By examining the best car insurance in your state, individuals can gain a more accurate understanding of the financial implications of health insurance. This knowledge empowers individuals to make informed decisions and choose the most suitable health insurance plan for their needs and budget.

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The Basics and Factors of Health Insurance Premiums

Health insurance premiums are not fixed amounts but are calculated based on various factors, including age, location, and type of coverage.

How does age affect the cost of insurance? Age is generally a big factor because the older an individual is, the higher their health insurance costs tend to be. This is because older individuals are more likely to develop health issues and require more medical care, making them riskier to insure.

Another factor that influences health insurance premiums is the location of the insured individual. Healthcare costs can vary significantly from state to state, and insurance companies consider this when determining premiums. For example, the cost of medical services in urban areas may be higher than in rural areas, leading to higher insurance premiums in those regions.

Factors Influencing Health Insurance Costs

Other factors include the type of coverage desired, pre-existing medical conditions, lifestyle choices, and the insurance provider’s policies. The type of coverage desired refers to the level of benefits an individual wants from their health insurance plan, including urgent care. Plans with more extensive coverage and lower deductibles may have higher premiums than plans with limited coverage and higher deductibles.

Pre-existing medical conditions can also influence health insurance costs. Insurance companies may consider individuals with pre-existing conditions at higher risk, leading to higher premiums or even denial of coverage. Lifestyle choices, such as smoking or engaging in high-risk activities, can also impact health insurance costs as they increase the likelihood of developing health issues.

Lastly, the insurance provider’s policies and pricing strategies can affect the cost of health insurance. Flexible benefits plans may have varying premium rates and pricing structures. It is essential to compare different insurance providers’ offerings to find the most suitable and affordable health insurance plan.

Impact of Lifestyle on Health Insurance Costs

Individual lifestyle choices can significantly impact the cost of health insurance. Let’s explore the influence of smoking and obesity on health insurance costs.

Impact of Lifestyle on Health Insurance Costs

Smoking increases the risk of developing various health issues, such as heart disease and cancer. As a result, smokers generally face higher health insurance premiums compared to non-smokers. Insurance providers take into account the increased health risks associated with smoking and adjust the premiums accordingly.

In addition to higher premiums, smokers may also face limitations in their coverage. Some insurance plans may exclude coverage for smoking-related illnesses or impose waiting periods before such coverage becomes effective, which can further impact the overall cost of health insurance for smokers.

Obesity or being overweight also increases the likelihood of developing chronic health conditions such as diabetes, hypertension, and heart disease. Insurance providers may charge higher premiums for individuals with obesity due to the increased risks associated with these conditions.

By addressing obesity through healthy eating habits, regular physical activity, and appropriate medical care, individuals can improve their overall health and potentially lower their health insurance costs in the long run. Making positive changes, such as quitting smoking or managing obesity through healthy habits, can improve health outcomes and potentially lower health insurance total costs estimate over time.

Read more: Will health insurance cover Heart surgery?

How Pre-existing Conditions Affect Insurance Costs

Pre-existing conditions can significantly impact health insurance costs for individuals, including 56-year-old males. It is important to understand common pre-existing conditions and the role of the Affordable Care Act in addressing this issue.

Factors Influencing Health Insurance Costs

Pre-existing conditions can be a major factor in determining the cost of health insurance. Insurance providers often consider individuals with pre-existing conditions as higher risk, which can result in higher premiums. This is particularly true for 56-year-old males, who may be more likely to develop certain health conditions due to age.

Common Pre-existing Conditions

Several common pre-existing conditions can impact insurance costs for individuals in the 56-year-old male age group.

• Diabetes is a chronic illness that requires ongoing management and treatment. Insurance providers may view individuals with diabetes as higher risk, leading to increased premiums.
• High blood pressure, also known as hypertension. This condition affects many individuals as they age. Insurance providers may consider individuals with high blood pressure to be at a higher risk of developing other health complications, resulting in higher insurance costs.
• Arthritis causes joint inflammation and pain and is more prevalent among older individuals. Insurance providers may view individuals with arthritis as higher risk, leading to increased premiums.

These conditions are also a major indicator of your premium rates. Moreover, rates also are affected by the state-specific plan rates.

The Role of the Affordable Care Act

Approving the Affordable Care Act (ACA) was essential to healthcare accessibility, specifically regarding pre-existing conditions. One key provision of the ACA concerns insurance companies that deny or charge expensive premiums based on pre-existing conditions.

Under this provision, individuals who cannot afford health insurance are provided security and relief against insurers who deny them coverage.

Moreover, the ACA introduced several measures to improve healthcare access, such as establishing the marketplace for health insurance, expanding Medicaid, and more provisions to help lower-income individuals get the health insurance they deserve.

The ACA is designed to make access to healthcare more affordable and accessible for people who struggled to get insured with adequate coverage, including the 56-year-old male, by preventing insurance companies from charging expensive premiums or denying coverage based on the applicant’s pre-existing condition.

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Ways to Lower Health Insurance Costs

Health insurance costs could be significantly more affordable when you explore ways to lower your premiums. Here are the strategies for paying less monthly on your health insurance.

Ways to Lower Health Insurance Costs

It is essential to consider in advance your potential out-of-pocket expenses associated with high deductibles. Choosing to get higher deductibles could lower your monthly rates. This is best for consultants who prefer to pay less every month and have minimal healthcare needs.

Health Savings Accounts

People can set aside funds in health savings accounts (HSAs) before taxes to cover eligible medical costs. In addition to offering possible tax benefits, contributions to HSAs can offset the cost of health insurance. For people who want to control their medical spending and lower their overall insurance costs, HSAs are a great choice.

Health insurance rates for a 56-year-old male can differ based on several factors. Understanding your pre-existing condition, lifestyle, and discount options lets you make wise decisions about your health and financial well-being.

That’s a wrap. We hope this helps you find which is the best health insurance for ages above 50 that caters to your concerns and claims. This concludes our cheap health insurance for a 56-year-old male. Get your quick quotes by entering your ZIP code.

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