How Much Does Health Insurance Cost Per Month? | HealthMarkets

how much does health insurance cost per month for one person?

Monthly premiums for Affordable Care Act (ACA) Marketplace plans vary by state and can be reduced through subsidies. The national average monthly cost of health insurance for a person on an Affordable Care Act (ACA) plan without subsidies in 2022 is $438.1.

Wondering how insurance premiums are decided? The Affordable Care Act ensures that insurance companies cannot discriminate based on gender, current health status, or medical history. These are the factors that determine health insurance premiums.

age

While some states, specifically New York and Vermont, do not use age to determine health insurance premiums, it is a significant contributing factor for most states.

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Age 21 is used as the base age, and premium costs are adjusted upwards for individuals in their 30s, 40s, 50s, and 60s. around age 53, the premium rate becomes more than double the base rate.

tobacco

Tobacco use will affect the monthly cost of health insurance. in fact, health insurance companies can charge smokers up to 50% more than non-tobacco users. Although some states have chosen not to allow insurance companies to charge smokers the maximum allowed, tobacco use continues to affect prices.

location

Location also affects premium prices, primarily due to the amount (or lack of) competition in a particular area or region. While competition can be intense in populated areas, rural parts of the country may only have one or two insurance companies, leading to higher prices for these residents.

Plan Category

Finally, your choice of plan will also influence the average monthly cost of health insurance. plans are broken down by metal tiers: bronze, silver, gold, platinum, and catastrophic. each have different premiums based on the percentage of overall health care costs they cover. Premiums are also affected by the plan’s deductibles, copays, coinsurance, and the number of family members in the plan.

how much does health insurance cost per month in each state?

the national average health insurance premium for a benchmark plan in 2022 is $438, according to the kaiser family foundation.1 a benchmark plan is the average premium for the second lowest-cost silver plan in each state .

The following data reflects the national average and the average for each state, but does not include any reduction in the cost of subsidies. rates will vary by area.1

Average monthly health insurance premiums for benchmark plans by state without subsidy

united states

$452

alabama

$590

alaska

$675

arizona

$436

arkansas

$394

california

$426

red

$351

connecticut

$580

delaware

$540

district of Colombia

$415

florida

$457

georgia

$456

Hawaii

$478

idaho

$495

illinois

$423

indiana

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$421

iowa

$523

kansas

$491

kentucky

$476

Louisiana

$545

main

$440

maryland

$347

massachusetts

$363

michigan

$347

minnesota

$307

mississippi

$459

missouri

$479

mountain

$471

nebraska

$699

snowfall

$393

new hampshire

$357

new jersey

$405

new mexico

$339

new york

$597

north carolina

$516

north dakota

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$493

ohio

$375

oklahoma

$554

oregon

$437

pennsylvania

$455

rhode island

$349

south carolina

$476

south dakota

$618

Tennessee

$466

texas

$436

utah

$472

vermont

$669

virginia

$479

washington

$388

west virginia

$654

wisconsin

$457

wyoming

$791

How much does health insurance cost per month in each subsidized state?

The estimated national average cost in 2022 for a silver plan after applying a premium subsidy* is $66.72. This table, unlike the previous one, takes subsidies into account. Here you can find the average subsidized monthly premium for a benchmark silver plan in a selected city within your state.

Monthly health insurance rates by state with a premium subsidy2

(40-year-old man earning $30,000 per year)

how much does family health insurance cost per month?

The median monthly premium for employer-sponsored family health coverage in 2021 was $1,851.75, according to the Kaiser Family Foundation.3 Just like individual insurance, the cost to your family will depend on ages, location, plan category, tobacco use, and number of plan members.

what is the cheapest health insurance?

As you can see from the factors listed above, there are many things that go into determining the price of insurance. there is no single health plan that is right for everyone. But finding the right plan for your needs can be easy with HealthMarkets. you can shop online, compare health care plans, and apply in minutes. You can also call (888) 986-2752 to speak with a licensed insurance agent.

46698-hm-0222* subsidy amounts are based on a 40-year-old non-smoker earning $30,000 per year.

references: 1. “market average reference premiums”. kff. 2022. Retrieved from https://www.kff.org/health-reform/state-indicator/marketplace-average-benchmark-premiums/?currenttimeframe=0&selecteddistributions=2022&sortmodel=%7b%22colid%22:%22location %22,%22sort%22:%22asc%22%7d | 2. “How will market premiums change from here to county in 2022.” kff. December 2021. Retrieved from https://www.kff.org/private-insurance/issue-brief/how-aca-marketplace-premiums-are- changing-by-county-in-2022/ | 3. “2021 Employer Health Benefits Survey.” kff. November 2021. retrieved from https://www.kff.org/health-costs/report/2021-employer-health-benefits-survey/

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