- How Much Is Health Insurance per Month for One Person?
- Plan Category
- How Much Does Health Insurance Cost per Month in Each State?
- Average Monthly Health Insurance Premiums for Benchmark Plans by State Without a Subsidy
- Monthly Health Insurance Rates by State With a Premium Subsidy*
- How Much Is Family Health Insurance per Month?
- What Is the Cheapest Health Insurance?
How Much Is Health Insurance per Month for One Person?
Monthly premiums for ACA Marketplace plans fluctuate by state and might be lowered by subsidies. The common nationwide month-to-month medical insurance price for one individual on an Affordable Care Act (ACA) plan in 2019 was $612 earlier than tax subsidies and $143 after tax subsidies are utilized.
Wondering how insurance coverage premiums are determined? The Affordable Care Act ensures that insurance coverage corporations can’t discriminate based mostly on gender, present well being standing, or medical historical past. Here are components that decide medical insurance premiums.
While some states, particularly New York and Vermont, don’t use age when figuring out medical insurance premiums, this can be a main contributing issue for many states. The age of 21 is used as the bottom age, with premium prices being adjusted upwards for these of their thirties, forties, fifties, and sixties. The greatest charge improve happens for adults over the age of fifty, with charges as much as 3 times increased than for youthful individuals.
Tobacco use will have an effect on how a lot medical insurance prices you per thirty days. In reality, medical insurance corporations can cost people who smoke as much as 50% greater than non-tobacco customers. While some states have elected to not permit insurance coverage carriers to cost people who smoke the utmost allowed, tobacco use does nonetheless have an effect on pricing.
Location impacts the worth of the premiums, too, largely as a result of quantity of (or lack of) competitors in a selected space or area. While competitors might be intense in populated areas, rural elements of the nation could solely have one or two insurance coverage corporations, making pricing increased for these residents.
Finally, your alternative of plan may also affect the typical medical insurance price per thirty days. Plans are damaged down by steel tiers: Bronze, Silver, Gold, Platinum and Catastrophic. Each carries totally different premiums based mostly on what share of general healthcare prices they cowl. Premiums are additionally affected by the plan’s deductibles, copays, coinsurance, and variety of relations on the plan.
How Much Does Health Insurance Cost per Month in Each State?
The nationwide common medical insurance premium for a benchmark plan in 2021 is $452, in accordance with the Kaiser Family Foundation. A benchmark plan is the typical premium for every state’s second lowest price silver plan.
The following information displays the nationwide common, and every state’s common, however doesn’t embrace any discount in price from subsidies. Rates will fluctuate by space.
Average Monthly Health Insurance Premiums for Benchmark Plans by State Without a Subsidy
District of Columbia
$791-10%Source: Kaiser Family Foundation Marketplace Average Benchmark Premiums. Percentages rounded to nearest entire quantity.
How Much Does Health Insurance Cost per Month in Each State With a Subsidy?
The estimated nationwide common price in 2021 for a silver plan after a premium subsidy* is utilized is $195. This chart, in contrast to the earlier one, takes under consideration subsidies. Here, you will discover the typical month-to-month premium, with and with out subsidies, for a benchmark silver plan in a choose metropolis inside your state.
Monthly Health Insurance Rates by State With a Premium Subsidy*
StateMain CityEarlier than Subsidy in 2021After Subsidy in 2021AlabamaBirmingham$607$195AlaskaAnchorage$657$149ArizonaPhoenix$391$195ArkansasLittle Rock$394$195CaliforniaLos Angeles$352$195ColoradoDenver$334$195ConnecticutHartford$542$195DelawareWilmington$540$195District of ColumbiaWashington$415$195FloridaMiami$449$195GeorgiaAtlanta$445$195HawaiiHonolulu$474$167IdahoBoise$481$195IllinoisChicago$345$195IndianaIndianapolis$451$195IowaCedar Rapids$507$195KansasWichita$466$195KentuckyLouisville$412$195LouisianaNew Orleans$528$195MainePortland$393$195MarylandBaltimore$344$195MassachusettsBoston$364$195MichiganDetroit$308$195MinnesotaMinneapolis$279$195MississippiJackson$459$195MissouriSt Louis$415$195MontanaBillings$422$195NebraskaOmaha$548$195NevadaLas Vegas$364$195New HampshireManchester$333$195New JerseyNewark$405$195New MexicoAlbuquerque$314$195New YorkNew York City$617$195North CarolinaCharlotte$424$195North DakotaFargo$429$195OhioCleveland$322$195OklahomaOkla. City$489$195OregonPortland$404$195PennsylvaniaPhiladelphia$447$195Rhode IslandWindfall$349$195South CarolinaColumbia$567$195South DakotaSioux Falls$478$195TennesseeNashville$447$195TexasHouston$391$195UtahSalt Lake City$446$195VermontBurlington$669$195VirginiaRichmond$445$195WashingtonSeattle$373$195West VirginiaHuntington$715$195WisconsinMilwaukee$404$195WyomingCheyenne$731$195Source: Kaiser Family Foundation Health Insurance Marketplace Calculator. Subsidy quantities are based mostly on a 40-year-old nonsmoker making $30,0000 per 12 months.
How Much Is Family Health Insurance per Month?
The common premium for a household of 4 in 2020 is was $1,437, in accordance with buyer information gathered by one medical insurance company. This doesn’t embrace households who obtained authorities subsides. Like particular person insurance coverage, your loved ones price will rely on ages, location, plan class, tobacco use, and variety of plan members.
What Is the Cheapest Health Insurance?
As you’ll be able to see from the components listed above, there’s rather a lot that goes into figuring out the worth of insurance coverage. There isn’t a single healthcare plan that’s probably the most inexpensive for everybody. But discovering the best plan on your wants is straightforward with HealthMarkets. Our free FitScore® expertise helps you store, examine and apply for a healthcare plan in minutes. We may even examine to see in the event you could qualify for a tax credit score. To get a greater have a look at what plans may price you and your loved ones, get began now.
46698-HM-1120* Subsidy quantities are based mostly on a 40-year-old nonsmoker making $30,000 per 12 months.