How Much Does Health Insurance Cost Per Month?

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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 $477, or $207 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 2019 is $477, 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

United States

$481

$477 

Alabama

$558

$546 

Alaska

$726

$702 

Arizona

$516

$471 

Arkansas

$364

$378 

California

$430

$435 

Colorado

$470

$488 

Connecticut

$545

$475 

Delaware

$589

$684 

District of Columbia

$324

$393 

Florida

$466

$477 

Georgia

$483

$487 

Hawaii

$438

$493 

Idaho

$478

$498 

Illinois

$486

$478 

Indiana

$339

$339 

Iowa

$713

$762 

Kansas

$518

$552 

Kentucky

$422

$460 

Louisiana

$474

$454 

Maine

$588

$544 

Maryland

$487

$419 

Massachusetts

$316

$332 

Michigan

$381

$383 

Minnesota

$385

$326 

Mississippi

$519

$521 

Missouri

$529

$499 

Montana

$525

$561 

Nebraska

$767

$838 

Nevada

$432

$410 

New Hampshire

$475

$402 

New Jersey

$413

$352 

New Mexico

$414

$365 

New York

$506

$569 

North Carolina

$627

$618 

North Dakota

$377

$457 

Ohio

$371

$380 

Oklahoma

$659

$696 

Oregon

$414

$443 

Pennsylvania

$575

$484 

Rhode Island

$311

$336 

South Carolina

$520

$552 

South Dakota

$521

$557 

Tennessee

$743

$548 

Texas

$434

$444 

Utah

$550

$542 

Vermont

$505

$622 

Virginia

$535

$555 

Washington

$336

$381 

West Virginia

$545

$596 

Wisconsin

$569

$537 

Wyoming

$865

$865 

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 2019
After Subsidy in 2019
Alabama
Birmingham
$525
$207
Alaska
Anchorage
$685
$161
Arizona
Phoenix
$426
$207
Arkansas
Little Rock
$379
$207
California
Los Angeles
$384
$207
Colorado
Denver
$439
$207
Connecticut
Hartford
$428
$207
Delaware
Wilmington
$685
$207
District of Columbia
Washington
$393
$207
Florida
Miami
$447
$207
Georgia
Atlanta
$440
$207
Hawaii
Honolulu
$493
$177
Idaho
Boise
$479
$207
Illinois
Chicago
$384
$207
Indiana
Indianapolis
$377
$170
Iowa
Cedar Rapids
$733
$207
Kansas
Wichita
$529
$207
Kentucky
Louisville
$370
$207
Louisiana
New Orleans
$384
$207
Maine
Portland
$485
$207
Maryland
Baltimore
$419
$207
Massachusetts
Boston
$321
$207
Michigan
Detroit
$333
$207
Minnesota
Minneapolis
$300
$207
Mississippi
Jackson
$542
$207
Missouri
St Louis
$421
$207
Montana
Billings
$522
$207
Nebraska
Omaha
$821
$207
Nevada
Las Vegas
$369
$207
New Hampshire
Manchester
$402
$207
New Jersey
Newark
$348
$207
New Mexico
Albuquerque
$340
$207
New York
New York City
$585
$207
North Carolina
Charlotte
$536
$207
North Dakota
Fargo
$395
$188
Ohio
Cleveland
$327
$207
Oklahoma
Okla. City
$686
$207
Oregon
Portland
$412
$207
Pennsylvania
Philadelphia
$465
$207
Rhode Island
Providence
$336
$207
South Carolina
Columbia
$603
$207
South Dakota
Sioux Falls
$448
$207
Tennessee
Nashville
$486
$207
Texas
Houston
$393
$207
Utah
Salt Lake City
$506
$207
Vermont
Burlington
$622
$207
Virginia
Richmond
$499
$207
Washington
Seattle
$380
$207
West Virginia
Huntington
$512
$207
Wisconsin
Milwaukee
$563
$207
Wyoming
Cheyenne
$796
$207

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 in 2018 was $1,168, 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

The Right Coverage at the Lowest Price

Your search for affordable Health, Medicare and Life insurance starts here.

Call us 24/7 at (800) 827-9990 or Find an Agent near you.

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