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Whether you’re in charge of a household or single and in charge of only yourself, most of us have a budget. Each month we hold ourselves accountable to pay for rent, utilities, groceries, car expenses, credit card bills, and more. While most of these obligations are no-brainers, the cost of medical care can be a little trickier to estimate. 

We will discuss the factors influencing healthcare premiums and help you determine: how much will health insurance cost me per month?

How Much Is Medical Insurance per Month for One Person?

The average national monthly health insurance cost for one person on a benchmark plan is $462, or $199 with a subsidy.* Monthly premiums for ACA Marketplace plans vary by state and can be reduced by subsidies. The quickest way to get accurate costs is to obtain a quote from a licensed insurance agent. 

In the past, health insurance providers could use any number of factors to determine the price of health insurance premiums. Before the Affordable Care Act was passed, companies could discriminate based on gender or health status, and they could factor the risk of future medical claims into pricing profiles. Now, insurance companies are limited to just the factors listed below to determine pricing. 

Age

While some states, like New York and Vermont, do not use age when determining health insurance premiums, this is a major contributing factor for most states. The age of 21 is used as the base age, with premium costs being adjusted upwards for those in their thirties, forties, fifties, and sixties. The biggest rate increase occurs for adults over the age of 50, as older Americans are expected to have higher healthcare costs. 


Tobacco

Tobacco use will affect how much health insurance costs you per month. In fact, health insurance companies can charge smokers up to 50 percent more than non-tobacco users. While some states have elected not to allow insurance carriers to charge smokers the maximum, tobacco use does still affect pricing. 

Location 

Location affects the price of the premiums, too, mostly due to the amount of (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, making pricing higher for these residents.

Plan Category

Finally, your choice of plan will also influence the average health insurance cost per month. Plans are broken down by metal tiers: Bronze, Silver, Gold, Platinum and Catastrophic. Each carries different premiums based on what percentage of overall healthcare costs they cover. Premiums are also affected by the plan’s deductibles, copays, coinsurance, and number of family members on the plan.

How Much Does Health Insurance Cost per Month in Each State?

The national average health insurance premium for a benchmark plan in 2020 is $462, according to the Kaiser Family Foundation. The following data reflects the national average, and each state’s average, but does not include any reduction in cost from subsidies. Rates will vary by area.

Monthly Health Insurance Premiums by State Without a Subsidy

Location
2018
2019
2020

United States

$481

$477 

$462

Alabama

$558

$546 

$553

Alaska

$726

$702 

$724

Arizona

$516

$471 

$442

Arkansas

$364

$378 

$365

California

$430

$435 

$430

Colorado

$470

$488 

$358

Connecticut

$545

$475 

$570

Delaware

$589

$684 

$548

District of Columbia

$324

$393 

$414

Florida

$466

$477 

$468

Georgia

$483

$487 

$463

Hawaii

$438

$493 

$474

Idaho

$478

$498 

$520

Illinois

$486

$478 

$451

Indiana

$339

$339 

$387

Iowa

$713

$762 

$742

Kansas

$518

$552 

$502

Kentucky

$422

$460 

$471

Louisiana

$474

$454 

$500

Maine

$588

$544 

$513

Maryland

$487

$419 

$397

Massachusetts

$316

$332 

$343

Michigan

$381

$383 

$360

Minnesota

$385

$326 

$309

Mississippi

$519

$521 

$487

Missouri

$529

$499 

$483

Montana

$525

$561 

$483

Nebraska

$767

$838 

$711

Nevada

$432

$410 

$374

New Hampshire

$475

$402 

$405

New Jersey

$413

$352 

$392

New Mexico

$414

$365 

$345

New York

$506

$569 

$610

North Carolina

$627

$618 

$558

North Dakota

$377

$457 

$383

Ohio

$371

$380 

$375

Oklahoma

$659

$696 

$601

Oregon

$414

$443 

$446

Pennsylvania

$575

$484 

$459

Rhode Island

$311

$336 

$332

South Carolina

$520

$552 

$509

South Dakota

$521

$557 

$593

Tennessee

$743

$548 

$511

Texas

$434

$444 

$432

Utah

$550

$542 

$486

Vermont

$505

$622 

$662

Virginia

$535

$555 

$521

Washington

$336

$381 

$391

West Virginia

$545

$596 

$628

Wisconsin

$569

$537 

$491

Wyoming

$865

$865 

$881

Source: Kaiser Family Foundation Marketplace Average Benchmark Premiums

How Much Does Health Insurance Cost per Month in Each State With a Subsidy?

The national average cost for a silver plan after a premium subsidy* is applied is $207. This chart, unlike the previous one, takes into account subsidies. Here, you can find the average monthly premium, with and without subsidies, for a benchmark silver plan in a select city within your state. 

Monthly Health Insurance Rates by State With a Premium Subsidy

State
Major City
Before Subsidy in 2020
After Subsidy in 2020
Alabama
Birmingham
$532$199
Alaska
Anchorage
$694$153
Arizona
Phoenix
$400$199
Arkansas
Little Rock
$365$199
California
Los Angeles
$363$199
Colorado
Denver
$351$199
Connecticut
Hartford
$548$199
Delaware
Wilmington
$548$199
District of Columbia
Washington
$414$199
Florida
Miami
$450$199
Georgia
Atlanta
$425$199
Hawaii
Honolulu
$464$170
Idaho
Boise
$503$199
Illinois
Chicago
$353$199
Indiana
Indianapolis
$421$199
Iowa
Cedar Rapids
$769$199
Kansas
Wichita
$464$199
Kentucky
Louisville
$199$199
Louisiana
New Orleans
$479$199
Maine
Portland
$452$199
Maryland
Baltimore
$397$199
Massachusetts
Boston
$343$199
Michigan
Detroit
$315$199
Minnesota
Minneapolis
$275$199
Mississippi
Jackson
$466$199
Missouri
St Louis
$407$199
Montana
Billings
$436$199
Nebraska
Omaha
$583$199
Nevada
Las Vegas
$338$199
New Hampshire
Manchester
$405$199
New Jersey
Newark
$389$199
New Mexico
Albuquerque
$325$199
New York
New York City
$622$199
North Carolina
Charlotte
$410$199
North Dakota
Fargo
$327$199
Ohio
Cleveland
$328$199
Oklahoma
Okla. City
$497$199
Oregon
Portland
$413$199
Pennsylvania
Philadelphia
$464$199
Rhode Island
Providence
$332
$199
South Carolina
Columbia
$579$199
South Dakota
Sioux Falls
$469$199
Tennessee
Nashville
$488$199
Texas
Houston
$389$199
Utah
Salt Lake City
$452$199
Vermont
Burlington
$662
$199
Virginia
Richmond
$499$199
Washington
Seattle
$373$199
West Virginia
Huntington
$627$199
Wisconsin
Milwaukee
$471$199
Wyoming
Cheyenne
$812$199

Source: Kaiser Family Foundation Health Insurance Marketplace Calculator. Subsidy amounts are based on a 40-year-old nonsmoker making $30,0000 per year.

How Much Is Family Health Insurance per Month?

The average premium for a family of 4 is around $1,200, according to customer data gathered by one health insurance agency. This does not include families who received government subsides. Like individual insurance, your family cost will depend on ages, location, plan category, tobacco use, and number of plan members. 

Talking with a licensed insurance agent is the best way to get an estimate and find the best price for your family’s needs. HealthMarkets can help. We have licensed insurance agents who understand these plans and can guide you through all of your health insurance choices. We operate independently of insurance companies and the government, so our advice is always in your best interest. Our service is quick, easy, and comes at no cost you. Getting a free quote online or by calling (800) 360-1402 will finally answer your question: How much will health insurance cost me per month?


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* Subsidy amounts are based on a 40-year-old nonsmoker making $30,000 per year.

References:
https://www.healthcare.gov/how-plans-set-your-premiums/ |  https://www.kff.org/health-reform/state-indicator/marketplace-average-benchmark-premiums | https://www.kff.org/interactive/subsidy-calculator/ | http://www.acscan.org/pdf/healthcare/implementation/background/NewFederalRatingRules.pdf| http://www.valuepenguin.com/how-age-affects-health-insurance-costs | http://www.webmd.com/health-insurance/20130716/how-affordable-care-act-affects-smokers | http://www.cnbc.com/2013/10/24/health-care-law-fails-to-lower-prices-for-rural-areas.html | https://www.ehealthinsurance.com/resources/affordable-care-act/much-health-insurance-cost-without-subsidy

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