March 14, 2024
4 minute read

How much does health insurance cost per month?

When you’re trying to manage your money and figure out your budget, here’s a question to add to your list: How much does health insurance cost per month?

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 things like:
  • Mortgage/Rent
  • Utilities
  • Groceries
  • Car expenses
  • Credit card bills
  • And more

While some of these obligations are easy to estimate, the cost of medical care can be a little trickier. 

Below are several factors that influence healthcare premiums and will help you answer the question: How much does health insurance cost per month?

How much does health insurance cost per month for one person?

Monthly premiums for Affordable Care Act (ACA) Marketplace plans vary by state and can be reduced by premium tax credits. The average national monthly health insurance cost for one person on an Affordable Care Act (ACA) plan without premium tax credits in 2024 is $477.1

Wondering how insurance premiums are decided?

The Affordable Care Act ensures that insurance companies cannot discriminate based on gender, current health status, or medical history.

Here are factors that determine health insurance premiums:2

Age

While some states, specifically New York and Vermont, do not use age when determining health insurance premiums, this is a major contributing factor for most states.4

  • 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.
  • Around age 53, the premium rate becomes more than double the base rate.

Tobacco

Tobacco use will affect how much health insurance costs you per month.4

  • In fact, health insurance companies can charge smokers up to 50% more than non-tobacco users.
  • While some states have elected not to allow insurance carriers to charge smokers the maximum allowed, 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:5

  • Bronze
  • Silver
  • Gold
  • Platinum
  • 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
  • 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 2024 is $477, according to the Kaiser Family Foundation.1 A benchmark plan is the average premium for each state’s second lowest cost silver plan.

The following data reflects the national average, and each state’s average, but does not include any reduction in cost from premium tax credits. Rates will vary by area.

Average Monthly Health Insurance Premiums for Benchmark Plans by State Without Premium Tax Credits

Location 2023 2024 Percent Change
United States $456 $477  5%
Alabama $567 $564 -1%
Alaska $762 $889  17%
Arizona $410 $403  -2%
Arkansas $416 $424  -2%
California $432 $468  8%
Colorado $380 $451  19%
Connecticut $627 $661 5%
Delaware $549 $533  -3%
District of Columbia $428 $532  24%
Florida $471 $489  4%
Georgia $413 $463 -12%
Hawaii $469 $468 0%
Idaho $420 $417 -1%
Illinois $453 $473 4%
Indiana $397 $399  1%
Iowa $484 $451 -7%
Kansas $471 $486 3%
Kentucky $422 $431  2%
Louisiana $565 $563 0%
Maine $457 $515  13%
Maryland $336 $346 3%
Massachusetts $417 $419  0%
Michigan $362 $381  5%
Minnesota $335 $343  2%
Mississippi $461 $485 5%
Missouri $473 $501  6%
Montana $477 $504 6%
Nebraska $550 $570 4%
Nevada $386 $387  0%
New Hampshire $323 $335 4%
New Jersey $441 $461  5%
New Mexico $445 $471  6%
New York $627 $736 17%
North Carolina $512 $495  -3%
North Dakota $475 $486 2%
Ohio $413 $435  5%
Oklahoma $554 $508  -8%
Oregon $510 $488  -4%
Pennsylvania $462 $445 -4%
Rhode Island $379 $400 6%
South Carolina $496 $492  -1%
South Dakota $626 $616  -2%
Tennessee $473 $501  6%
Texas $461 $475  3%
Utah $471 $507 8%
Vermont $841 $950  13%
Virginia $371 $371 0%
Washington $395 $415 5%
West Virginia $824 $847  13%
Wisconsin $456 $476  4%
Wyoming $802 $821 2%
Source: Kaiser Family Foundation Marketplace Average Benchmark Premiums. 

How Much Does Health Insurance Cost per Month in Each State With a Premium Tax Credit?

The estimated national average cost in 2024 for a silver plan after a premium tax credit* is applied is $66.3 This chart, unlike the previous one, takes into account premium tax credits. Here, you can find the average monthly premium with tax credits, for a benchmark silver plan in a select city within your state.

Monthly Health Insurance Rates by State With a Premium Tax Credit

(40-year-old making $30,0000 per year)

State Major County After Tax Credit in 2022 After Tax Credit in 2023
Alabama Jefferson $77 $57
Alaska Anchorage $0 $9
Arizona Maricopa $82 $66
Arkansas Pulaski $71 $66
California Los Angeles $68 $53
Colorado Denver $78 $71
Connecticut Hartford $37 $27
District of Columbia D.C. $78 $69
Delaware Sussex $72 $64
Florida Miami-Dade $82 $71
Georgia Fulton $82 $71
Hawaii Honolulu $37 $3
Iowa Polk $78 $68
Idaho Ada $78 $69
Illinois Cook $83 $69
Indiana Marion $71 $70
Kansas Johnson $83 $65
Kentucky Jefferson $78 $68
Louisiana East Baton Rouge Parish $83 $52
Massachusetts Middlesex $84 $69
Maryland Montgomery $74 $69
Maine Cumberland $74 $62
Michigan Wayne $83 $69
Minnesota Hennepin $78 $63
Missouri St. Louis $83 $70
Mississippi Yazzo $83 $71
Montana Beaverhead $72 $61
North Carolina Robeson $81 $64
North Dakota McKenzie $70 $68
Nebraska Cherry $74 $70
New Hampshire Coos $79 $65
New Jersey Burlington $59 $64
New Mexico Catron $53 $51
Nevada Clark $82 $70
New York Kings $37 $63
Ohio Franklin $79 $68
Oklahoma Oklahoma $75 $66
Oregon Multnomah $81 $70
Pennsylvania Philadelphia $82 $64
Rhode Island Providence $63 $57
South Carolina Greenville $66 $70
South Dakota Minnehaha $77 $43
Tennessee Shelby $77 $63
Texas Harris $78 $70
Utah Salt Lake $63 $60
Virginia Fairfax $83 $58
Vermont Chittenden $66 $67
Washington King $57 $62
Wisconsin Milwaukee $83 $68
West Virginia Kanawha $83 $70
Wyoming Laramie $80 $70
Source: How ACA Marketplace Premiums Are Changing by County in 2023.

Find out how much health insurance costs per month

Want a little help answering the question: How much does health insurance cost per month?

Our licensed insurance agents can help you find a plan that works for you. Give us a call at (800) 827-9990 or talk with a licensed health insurance agent in your area.

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© 2023 HealthMarkets Insurance Agency. All rights reserved.

* Medicare Advantage, Medicare Supplemental Insurance, and Part D options can be explored.

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.

To send a complaint to Medicare, call 1-800-MEDICARE (TTY users should call 1- 877-486-2048), 24 hours a day/7 days a week). If your complaint involves a broker or agent, be sure to include the name of the person when filing your grievance.

Attention: This website is operated by HealthMarkets Insurance Agency, Inc. and is not the Health Insurance Marketplace® website. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer’s enrollment in an insurance plan. No obligation to enroll. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled. Medicare has neither reviewed nor endorsed this information.

HealthMarkets Insurance Agency offers the opportunity to enroll in either QHPs or off-Marketplace coverage. Please visit HealthCare.gov for information on the benefits of enrolling in a QHP. Off-Marketplace coverage is not eligible for the cost savings offered for coverage through the Marketplaces.

This information is not a complete description of benefits. Call the Plan’s customer service phone number for more information.

50768-HM-0324

© 2023 HealthMarkets Insurance Agency. All rights reserved.

* Medicare Advantage, Medicare Supplemental Insurance, and Part D options can be explored.

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.

To send a complaint to Medicare, call 1-800-MEDICARE (TTY users should call 1- 877-486-2048), 24 hours a day/7 days a week). If your complaint involves a broker or agent, be sure to include the name of the person when filing your grievance.

Attention: This website is operated by HealthMarkets Insurance Agency, Inc. and is not the Health Insurance Marketplace® website. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer’s enrollment in an insurance plan. No obligation to enroll. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled. Medicare has neither reviewed nor endorsed this information.

HealthMarkets Insurance Agency offers the opportunity to enroll in either QHPs or off-Marketplace coverage. Please visit HealthCare.gov for information on the benefits of enrolling in a QHP. Off-Marketplace coverage is not eligible for the cost savings offered for coverage through the Marketplaces.

This information is not a complete description of benefits. Call the Plan’s customer service phone number for more information.

50768-HM-0324

© 2023 HealthMarkets Insurance Agency. All rights reserved.

* Medicare Advantage, Medicare Supplemental Insurance, and Part D options can be explored.

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.

To send a complaint to Medicare, call 1-800-MEDICARE (TTY users should call 1- 877-486-2048), 24 hours a day/7 days a week). If your complaint involves a broker or agent, be sure to include the name of the person when filing your grievance.

Attention: This website is operated by HealthMarkets Insurance Agency, Inc. and is not the Health Insurance Marketplace® website. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer’s enrollment in an insurance plan. No obligation to enroll. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled. Medicare has neither reviewed nor endorsed this information.

HealthMarkets Insurance Agency offers the opportunity to enroll in either QHPs or off-Marketplace coverage. Please visit HealthCare.gov for information on the benefits of enrolling in a QHP. Off-Marketplace coverage is not eligible for the cost savings offered for coverage through the Marketplaces.

This information is not a complete description of benefits. Call the Plan’s customer service phone number for more information.

50768-HM-0324