Cost of Health Insurance for a Single Man

Health insurance prices have been on the rise for at least the last decade. But there are still affordable healthcare options available for those wondering about the cost of health insurance for a single male.

What Determines the Cost of Health Insurance for a Single Man?

Insurance companies base premium rates on a few factors such as: age, location, tobacco use, and whether you are buying a single person or family plan. However, age and tobacco use are generally the main determinants of health insurance premiums. Young, non-smoking men receive some of the lowest health insurance rates. 

The Affordable Care Act has improved the cost of health insurance for a single man in a couple of ways. It allows males under the age of 26 to stay on their parent’s health insurance plan. The ACA also has premium tax credits and cost-sharing reductions. Single males with a low income may qualify for these savings.

But this question remains: “What is the cost of health insurance for a single man?” There are many factors that can influence what one may end up paying. For instance, health insurance plans are broken down into metal tiers. There are bronze, silver, gold, and platinum plans to choose from (each with a different actuarial value). These tiers determine how much of your overall healthcare costs your insurance provider will pay. Additionally, there are different levels of deductibles and copays, all unique to each plan.

How Much Is Health Insurance for a Single Male?

The average health insurance cost for a single man will likely be around $200 a month. For a more comprehensive plan, the premium is around $250 a month. Plans can easily run upwards of $350 or more, depending on how high a level of coverage you choose. Keep the above-mentioned points in mind when shopping for health insurance. Any single factor can easily influence the cost.

The best way to determine what the cost of health insurance for a single man is to get a quote. HealthMarkets provides free quotes and a Best Price Guarantee.* Most importantly, HealthMarkets offers unbiased advice and feedback based on your personal circumstances and preferences. Since we work independently of carriers and the government, we have your best interest at heart. If you want to know the cost of health insurance for a single man, give us a call today at (855) 839-8126! Or use our easy and convenient system to get a health insurance quote online.