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 ot just the factors listed below to determine pricing. 

AgeWoman wondering how much does insurance cost per month

While some states like New York and Vermont do not use age when determining health insurance premiums, for most states this is a major contributing factor. 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, thus 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

Location20182019

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

StateMajor CityBefore Subsidy in 2019After Subsidy in 2019
AlabamaBirmingham$525$207
AlaskaAnchorage$685$161
ArizonaPhoenix$426$207
ArkansasLittle Rock$379$207
CaliforniaLos Angeles$384$207
ColoradoDenver$439$207
ConnecticutHartford$428$207
DelawareWilmington$685$207
District of ColumbiaWashington$393$207
FloridaMiami$447$207
GeorgiaAtlanta$440$207
HawaiiHonolulu$493$177
IdahoBoise$479$207
IllinoisChicago$384$207
IndianaIndianapolis$377$170
IowaCedar Rapids$733$207
KansasWichita$529$207
KentuckyLouisville$370$207
LouisianaNew Orleans$384$207
MainePortland$485$207
MarylandBaltimore$419$207
MassachusettsBoston$321$207
MichiganDetroit$333$207
MinnesotaMinneapolis$300$207
MississippiJackson$542$207
MissouriSt Louis$421$207
MontanaBillings$522$207
NebraskaOmaha$821$207
NevadaLas Vegas$369$207
New HampshireManchester$402$207
New JerseyNewark$348$207
New MexicoAlbuquerque$340$207
New YorkNew York City$585$207
North CarolinaCharlotte$536$207
North DakotaFargo$395$188
OhioCleveland$327$207
OklahomaOkla. City$686$207
OregonPortland$412$207
PennsylvaniaPhiladelphia$465$207
Rhode IslandProvidence$336$207
South CarolinaColumbia$603$207
South DakotaSioux Falls$448$207
TennesseeNashville$486$207
TexasHouston$393$207
UtahSalt Lake City$506$207
VermontBurlington$622$207
VirginiaRichmond$499$207
WashingtonSeattle$380$207
West VirginiaHuntington$512$207
WisconsinMilwaukee$563$207
WyomingCheyenne$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. 

A licensed insurance agent is the best way to not only get an estimate, but 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 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 $30,0000 per year.

Sources:
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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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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