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

Explore cheap health insurance for a 56-year-old male, with budget-friendly rates starting at $136 monthly from Erie, American Family, and Liberty Mutual.

Erie is best known for its stable financial status for processing claims and saving options 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.

In this guide, you will discover what is the best health insurance for people over 55. Check these top 10 cheap providers for your health insurance.

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

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, which is the best health insurance, has a consistent pricing of $136, so a 56-year-old male won’t have to experience 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 wants health insurance and owns a home and a car.
• 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 the comprehensive explanation in 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. This could even decrease for long-term customers with loyalty and generational savings.
• Preventative Care Benefits: Spot health issues of the policyholders through routine screening and preventive care programs to reduce long-term medical expenses and risk, leading to lower costs for a 56-year-old male. Catch more of the details in 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: Liberty Mutual Review provides lower-than-average premiums for policyholders in their 50s. Most policies are structured as cost-efficient for those who transition toward Medicare eligibility at 65.

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: A wide range of insurance plans that a 56-year-old male can choose from depending on their respective needs, including safe practices like telemedicine healthcare services, prescription drug coverage, cost management, and more. Learn more about these plans in Travelers Insurance 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; it keeps the costs down even for healthier a 56-year-old male who don’t require extreme medical care. Here are the full details in 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 but with little to no extra charges.
• Low-Cost Basic Plans: Policyholders can adjust the deductibles, copays, and network choices, making it cost-effective and coverage-efficient.
• Affordable Access to Medications: For customers who need maintenance for their existing health conditions like high blood pressure, tiered pricing for generic drugs, prescriptive medication, and ongoing treatment can be accessed at the lowest cost. Learn more about this policy in the Allstate 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; these plans’ established fixed payouts might be very helpful in meeting unforeseen additional costs.
• Medicare Supplemental Insurance: State Farm’s Medicare Supplement Insurance can assist in paying for costs that Medicare does not cover as people approach the 65-year-old eligibility age for Medicare, offering peace of mind and financial security.
• 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 AM 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 assist in paying for unforeseen costs brought on by mishaps. Those looking for more financial security may find this especially helpful.
• Hospitalization Financial Assistance: Hospital indemnity insurance from Farmers offers a set benefit for both daily confinement and hospitalizations. Read more in Farmers Review. 

Cons

• Farm-Related Injury Exclusions: Some farmer-only health insurance policies might not cover chronic illnesses or injuries related to farming, which could result in out-of-pocket costs for these particular medical problems.
• Emphasis on Other Insurance Types: Compared to specialized health insurance providers, 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. These plans, which have adjustable copays and deductibles, assist in paying for out-of-pocket medical costs.
• Comprehensive Coverage Options: Hartford Review highlights individual, family, and corporate health insurance policies. Its packages can cover everything from basic health requirements to more specialist coverage like dental, vision, 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: Backed by a well-established company, Progressive ensures reliable support for claims and long-term coverage. Check all the companies affiliated here in Progressive Insurance Review. 

Cons

• Limited Options for Health Plans: Progressive partners with other providers for health insurance, which may lead to slightly higher premiums than insurers like Blue Cross Blue Shield or Cigna, which specialize in health coverage.
• More Expensive Coverage: Health insurance premiums increase with age, and for a 56-year-old male, factors like coverage type and deductibles may result in slightly higher rates from Progressive for more comprehensive plans.

Understanding Health Insurance Costs

Health insurance costs can vary significantly based on factors such as age, location, and the type of coverage desired. To understand how these factors influence the cost of health insurance, let’s take a closer look at the basics of health insurance premiums.

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 compiled many ways to decrease your premium rates potentially. 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, here is a more comprehensive guide to health insurance made for you.

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. 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. Different insurance companies 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.

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

Understanding the average health insurance costs for a 56-year-old male can provide some insight into what individuals can expect to pay. Let’s explore the national average costs and costs specific to each state.

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 the reason why it is the number one cheap health insurance for a 56-year-old male.

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 coverage options, and deductibles can influence the final monthly premium. Check this table, which compares the national average cost and costs by state.

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 costs specific to each 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.

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 costs over time.

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.

The Role of the Affordable Care Act

The passing of the Affordable Care Act (ACA) has brought significant changes to health insurance, particularly regarding pre-existing conditions. One key provision of the ACA is that insurance providers cannot deny coverage or charge higher premiums based on pre-existing conditions.

Under the ACA, insurance providers must offer coverage to individuals with pre-existing conditions without charging them higher premiums. This has provided a sense of security and relief for many individuals who could not afford the necessary health insurance coverage.

In addition to protecting individuals with pre-existing conditions, the ACA also introduced other measures to improve healthcare access and affordability. These include the establishment of health insurance marketplaces, the expansion of Medicaid eligibility, and the provision of subsidies to help lower-income individuals afford coverage.

Overall, this act played a crucial role in addressing the issue of pre-existing conditions. By prohibiting insurance providers from denying coverage or charging higher premiums based on pre-existing conditions, the ACA has made healthcare more accessible and affordable for individuals, including a 56-year-old male, who may have previously struggled to obtain adequate coverage.

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Ways to Lower Health Insurance Costs

While health insurance costs can be substantial, there are strategies individuals can employ to lower their premiums potentially. Let’s explore some options for reducing health insurance costs.

Ways to Lower Health Insurance Costs

Opting for a high-deductible health insurance plan can result in lower monthly premiums. However, it is important to consider the potential out-of-pocket expenses associated with higher deductibles. This option suits individuals with minimal healthcare needs and who prefer to pay lower monthly premiums.

Health Savings Accounts

Health savings accounts (HSAs) allow individuals to set aside money on a pre-tax basis to pay for qualified medical expenses. Contributions to HSAs can be used to offset health insurance costs and provide potential tax advantages. HSAs are an excellent option for individuals seeking to manage their healthcare expenses and reduce their overall insurance costs.

Essentially, the cost of health insurance for a 56-year-old male can vary based on various factors. By understanding these factors and considering lifestyle choices, pre-existing conditions, and different cost-saving strategies, individuals can make informed decisions about their health insurance, ensuring both their health and financial well-being.

That’s a wrap. We hope this guide helps you find the insurer to protect your health while offering the most affordable deals. 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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