How Much Does Monthly Health Insurance Cost?

Most of us have a budget, regardless of whether we are heads of households or single individuals. We consider ourselves responsible for paying the rent, utilities, groceries, automobile expenditures, credit card bills, and other expenses every month. The expense of medical care might be a bit difficult to predict than some of these commitments.

You may estimate how much health insurance would cost each month by looking at the list of factors that affect healthcare premiums.

How Much Is Health Insurance per Month for One Person?

State-specific subsidies are available to lower the monthly rates for Affordable Care Act (ACA) Marketplace plans, which vary by state. For one individual on an Affordable Care Act (ACA) plan without subsidies, the average monthly health insurance premium in 2022 will be $438.

Are you curious in how insurance premiums are set? Insurance companies are prohibited from discriminating on the basis of gender, current health status, or past medical conditions under the Affordable Care Act. These elements affect how much people pay for health insurance.

Age: While some states, notably New York and Vermont, do not include age when calculating health insurance rates, most states heavily consider this issue. The basic age is 21 years old, and premium prices are raised for individuals who are in their thirties, forties, fifties, and sixties. The premium rate more than doubles the base rate at the age of 53.

Tobacco: You will pay more for health insurance each month if you smoke. In actuality, smokers may pay up to 50% more for health insurance than non-smokers.
Although some jurisdictions have chosen to forbid insurance companies from charging smokers the highest permitted rate, nicotine usage still has an impact on costs.

Location: The quantity of (or lack of) competition in a certain area or region has a significant impact on premium prices, as does location. Rural portions of the nation may only have one or two insurance providers, making prices higher for these inhabitants while competition might be fierce in crowded areas.

Plan Category: Finally, the typical monthly cost of health insurance will depend on the plan you choose. Plans are categorised into metal tiers: Catastrophic, Bronze, Silver, Gold, and Platinum. Depending on how much of the total cost of healthcare they cover, each has a different premium. The deductibles, copays, coinsurance, and number of family members covered by the plan all have an impact on premiums.

What Does Health Insurance Cost in Each State Per Month?

According to the Kaiser Family Foundation, the average national health insurance premium for a benchmark plan in 2022 will be $438. The benchmark plan’s average premium is equal to that of the second-cheapest silver plan in each state.

Location	2021	2022	Percent Change
United States	$452	$438	-3%
Alabama	$590	$597	1%
Alaska	$675	$712	5%
Arizona	$436	$390	-12%
Arkansas	$394	$387	-2%
California	$426	$417	-2%
Colorado	$351	$358	2%
Connecticut	$580	$581	0%
Delaware	$540	$548	1%
District of Columbia	$415	$387	-7%
Florida	$457	$456	0%
Georgia	$456	$394	-16%
Hawaii	$478	$484	1%
Idaho	$495	$461	-7%
Illinois	$423	$18	-1%
Indiana	$421	$398	-6%
Iowa	$523	$502	-4%
Kansas	$491	$450	-9%
Kentucky	$476	$387	-23%
Louisiana	$545	$541	-1%
Maine	$440	$427	-3%
Maryland	$347	$328	-6%
Massachusetts	$363	$389	7%
Michigan	$347	$340	-2%
Minnesota	$307	$327	6%
Mississippi	$459	$448	-2%
Missouri	$479	$442	-8%
Montana	$471	$483	2%
Nebraska	$699	$595	-17%
Nevada	$393	$383	-3%
New Hampshire	$357	$309	-16%
New Jersey	$405	$424	4%
New Mexico	$339	$389	13%
New York	$597	$592	-1%
North Carolina	$516	$504	-2%
North Dakota	$493	$497	1%
Ohio	$375	$375	0%
Oklahoma	$554	$498	-11%
Oregon	$437	$444	2%
Pennsylvania	$455	$390	-17%
Rhode Island	$349	$361	3%
South Carolina	$476	$444	-7%
South Dakota	$618	$601	-3%
Tennessee	$466	$445	-5%
Texas	$436	$424	-3%
Utah	$472	$456	-4%
Vermont	$669	$749	11%
Virginia	$479	$450	-6%
Washington	$388	$396	2%
West Virginia	$654	$752	13%
Wisconsin	$457	$429	-7%
Wyoming	$791	$762	-4%

The averages for the country and each state are shown here, although any cost savings resulting from subsidies are not included. Prices will differ per location.

How Much Does Monthly Family Health Insurance Cost?

According to the Kaiser Family Foundation, the average monthly cost of employer-sponsored family health insurance in 2021 was $1,851.75. Similar to individual insurance, the cost of family insurance will vary according to your family’s age, region, plan type, tobacco usage, and number of plan members.