How Much Does Individual Health Insurance Cost?

In 2020 the average national cost for health insurance is $456 for an individual and $1,152 for a family per month. However, costs vary among the wide selection of health plans. Understanding the relationship between health coverage and cost can help you choose the right health insurance for you.

How much does individual health insurance cost?
The cost of individual health insurance varies. Personal choices in coverage as well as age, income, location, number of family members (if any) included in your coverage, health care use – factor into your actual health insurance cost.

You can get a reliable estimate of your costs when you know health plan’s premiums, deductibles, cost-sharing expenses and maximum out-of-pocket limits.

Premiums
In exchange for healthcare coverage, the insurer charges you a monthly premium.

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Author: Donna Woods

  • 6+ years of experience in financial analysis
  • 5+ years of experience as a writer, published author, editor, and screenwriter