What is the average cost of Health Insurance by State?
The average monthly premium (the amount you pay the insurance company each month) in America for an individual health insurance plan purchased from the HealthCare.gov marketplace is $456, though the price you pay will depend on your age, income, location and whether you use tobacco. The average cost for a family plan if you’re 40 years old and married with two kids is $1,475 if you can’t get subsidies based on your income. If you are self employed and your income changes than you may be able to get subsidies to take the $1475 cost for health insurance for a family of 4 down to $400 a month. But, when you file tax returns and your income ends up being more than you reported on the marketplace application, the IRS will make you pay back all the subsidies upwards of 15 to 20 thousand dollars per year for a family of 4.
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Is Group Health Insurance Cheaper from my Job?
If you or your spouse work for a company or organization that offers its team members an employer-sponsored health insurance policy through a group health insurance plan, you likely won’t pay nearly as much as a marketplace plan. In 2022, folks using a company health benefit paid $111 a month for an individual policy and $509 for a family policy .
How Much Does Private Health Insurance Cost?
Private health insurance refers to both marketplace plans and employer-sponsored plans—basically, all health insurance plans not provided by the government (like Medicare or Medicaid). So, the average monthly costs we just looked at—$556 for an obamacare policy and $131 for an employer plan from your work. Now private health insurance from companies like United Health Care Choice Plus PPO through Golden Rule or US Health Advisors can save individuals upwards of 50% from their marketplace options and family plans are sometimes half the cost compared to a marketplace plan with no government aid. The average cost for a private health insurance plan through the United Health Care Choice Plus PPO network with no deductible and a max out of pocket of $3000 for a family of 4 is $779.
Average Costs of Health Coverage
Even though $456 is the average cost of a monthly health insurance premium for adults in America with a marketplace plan, the amount you pay will probably vary a little bit from that. Your cost will depend on the state you live in, your age, the tier of insurance plan you choose. Now private health insurance plans from United Health Care are only available in 33 states and these plans are underwritten based on health conditions. So if you are healthy enough to get approved where for example you are not taking 4 or 5 medications, you may be able to save hundreds per month on your health insurance premiums. These private plans also come with low to even zero deductible plans through United Health Care’s Choice Plus PPO Network.
For now, let’s take a look at the average costs of marketplace health insurance by state, age and plan tier.
Average Cost of Health Insurance by State
How much does health insurance cost by state?
| State | Avg. Monthly Premium | State | Avg. Monthly Premium |
| Alabama | $567 | Montana | $477 |
| Alaska | $762 | Nebraska | $513 |
| Arizona | $410 | Nevada | $394 |
| Arkansas | $416 | New Hampshire | $323 |
| California | $532 | New Jersey | $441 |
| Colorado | $380 | New Mexico | $445 |
| Connecticut | $627 | New York | $627 |
| Delaware | $549 | North Carolina | $512 |
| District of Columbia | $428 | North Dakota | $481 |
| Florida | $571 | Ohio | $423 |
| Georgia | $389 | Oklahoma | $540 |
| Hawaii | $569 | Oregon | $469 |
| Idaho | $425 | Pennsylvania | $433 |
| Illinois | $453 | Rhode Island | $379 |
| Indiana | $397 | South Carolina | $496 |
| Iowa | $484 | South Dakota | $626 |
| Kansas | $571 | Tennessee | $473 |
| Kentucky | $422 | Texas | $594 |
| Louisiana | $565 | Utah | $471 |
| Maine | $457 | Vermont | $841 |
| Maryland | $336 | Virginia | $371 |
| Massachusetts | $417 | Washington | $395 |
| Michigan | $362 | West Virginia | $824 |
| Minnesota | $335 | Wisconsin | $456 |
| Mississippi | $481 | Wyoming | $8024 |
| Missouri | $483 | ||
Average Cost of Marketplace Health Insurance by Age
Another factor that affects how much you’ll pay for health insurance is your age. As you age, your health insurance premiums will go up.
Here’s a look at just how much you can expect your insurance costs to rise during your lifetime. These numbers are based on the average marketplace silver plan premiums for a single adult with no dependents who doesn’t use tobacco, makes $60,000, and doesn’t receive financial assistance.
| 25 y/o | 35 y/o | 45 y/o | 55 y/o | 64 y/o |
| $358 | $436 | $515 | $796 | $1,0715 |
Average Health Insurance Premiums by Tier
When it comes to marketplace health care plans, there are five different levels of coverage—catastrophic, bronze, silver, gold and platinum. These tiers give you different options on how much your plan will pay out versus how much you’ll pay. They do not affect the quality of care you have available.
The two least common plans among those options are catastrophic and platinum, since they’re both on the extreme ends of the spectrum. Catastrophic plans are the cheapest and provide bare minimum coverage—they have the highest out-of-pocket costs. With platinum insurance, the insurance company pays 90% of your health care expenses, but that means they’re the priciest plans out there.
Most folks go for a bronze, silver or gold metal tier. Bronze plans give you lower monthly premiums, but more out-of-pocket expenses. Silver offers lower deductibles (the amount you have to pay before the insurance company steps in) and out-of-pocket costs than Bronze, but you’ll pay more in monthly premiums. Goldplans have high monthly premiums but low deductibles, coinsurance and out-of-pocket costs. If you or your family are over the income limit’s where you can’t qualify for government subsidies through tax credits on the marketplace, your rates for marketplace health insurance will be insane. Average cost for a family of 4 when the parents are in there 40’s will start at $1500 monthly for bronze plans with 13k family deductibles and than premiums will go up from there.
Here’s a look at the average cost of health insurance for an individual based on monthly premiums for Bronze, Silver and Gold plans:
| Bronze | Silver | Gold | |
| Avg. Price | $342 | $448 | $4726 |
| Insurance Pays | 60% | 70% | 80% |
What is the Cost of Private Health Insurance for a Family of Four
Wondering how much marketplace health insurance costs for a family of four? Well, the answer depends on the age of both parents and both children. So, to help you get an idea of what the costs might look like for your family, here are some examples.
The numbers are based on families with a $100,000 household income who don’t use tobacco or receive financial assistance. If your family is like this or self employed than you should call and speak to a licensed agent in your state at My Private Health Insurance to get exact rates on private health coverage if you can get approved for the underwriting.
Approximate cost of Obamacare premiums for Family of 4 with no subsidy
| Parents’ Age | 30 | 35 | 40 | 45 |
| Kids’ Ages | 3, 5 | 8, 10 | 13, 15 | 18, 20 |
| Premium | $1,356 | $1,418 | $1,483 | $1,703 |
These rates above will be more than half the cost with private health insurance through the United Choice Plus PPO Network if the person is able to get approved with no major health issues and is not taking 4 or more medications. My Private Health Insurance in Coral Springs, Florida has over 30 licensed agent’s standing by from 8AM until 10PM eastern 7 days a week to answer any questions you may have.