Average Health Insurance Cost Per Month

Introduction

The cost of health insurance is something that many people are concerned about. It is important to understand the average health insurance cost per month so you can budget accordingly. The cost of health insurance can vary depending on a number of factors, such as age, location, and the type of plan you choose. In this article, we will explore the average health insurance cost per month and discuss some of the factors that can affect it.

Factors That Affect the Average Health Insurance Cost Per Month

There are several factors that can affect the average health insurance cost per month. These include age, location, and the type of health insurance plan you choose. Your age is a major factor in determining your insurance premiums. Generally, younger people will pay lower premiums than older people. This is because younger people are considered to be healthier and less likely to need medical care. Location is another factor that affects the cost of health insurance. Generally, health insurance premiums are higher in urban areas than in rural ones. Finally, the type of health insurance plan you choose can also affect the average health insurance cost per month. Plans that provide more comprehensive coverage are typically more expensive than those that offer more basic coverage.

Average Health Insurance Cost Per Month by State

The average health insurance cost per month can vary widely depending on the state you live in. According to the Kaiser Family Foundation, the average health insurance cost per month for an individual in the United States was $440 in 2017. However, this number can vary significantly from state to state. For example, the average health insurance cost per month for an individual in California was $490, while the average cost in Massachusetts was $335. The cost of health insurance can also vary depending on the type of plan you choose. For example, a comprehensive plan with a high deductible can be much more expensive than a basic plan with a low deductible.

Average Health Insurance Cost Per Month for Families

The cost of health insurance for families can also vary significantly depending on a number of factors. According to the Kaiser Family Foundation, the average health insurance cost per month for a family of four was $1,168 in 2017. Again, this number can vary significantly from state to state. For example, the average health insurance cost per month for a family of four in California was $1,649, while the average cost in Massachusetts was $1,032. The type of health insurance plan you choose can also affect the cost of health insurance for families. Comprehensive plans with high deductibles are typically more expensive than basic plans with low deductibles.

Conclusion

The cost of health insurance can vary significantly depending on a number of factors, including age, location, and the type of health insurance plan you choose. The average health insurance cost per month can vary widely depending on the state you live in, as well as the type of plan you choose. Additionally, the cost of health insurance for families can also vary significantly depending on a number of factors. It is important to understand the average health insurance cost per month so you can budget accordingly.