How much is health insurance in America per month?
The average monthly health insurance cost for a bronze plan is $373 for a single 30-year-old person. That same person pays an average of $488 for a Silver plan and $634 for a Gold plan. A 40-year-old single person pays $420 on average each month for a bronze plan, $549 for a silver plan and $713 for a gold plan.
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.
Is $200 a month expensive for health insurance in California? No, health insurance that costs $200 per month is a good deal in California. Silver plans typically cost $469 per month for a 21-year-old or $600 per month for a 40-year-old.
The United States has one of the highest costs of healthcare in the world. In 2022, U.S. healthcare spending reached $4.5 trillion, which averages to $13,493 per person. By comparison, the average cost of healthcare per person in other wealthy countries is less than half as much.
Most people know these plans as traditional group health plans or “fully-insured plans.” According to KFF's health benefits report, in 2023, the average cost of employee health insurance premiums for family coverage was $23,968. The average premium for a self-only plan was $8,435 annually1.
If you don't have health insurance, those stories can sure get you thinking, Do I need health insurance? The answer—yes! Health insurance has a reputation for being expensive and confusing, but it can also be the only thing standing between you and financial disaster if you ever need medical care.
The cheapest health insurance companies for Bronze plans are Kaiser Permanente, Aetna and Ambetter. A Bronze plan is typically the cheapest health insurance with full medical benefits. The average cost of a Bronze plan for 2024 is $462 per month. These plans follow Affordable Care Act (ACA) guidelines.
By federal law, nonprofit hospitals must offer financial assistance to those who cannot pay their bills. Some states also have other laws about uncompensated care, such as Washington, where all hospitals must tell patients about financial assistance programs when they receive care.
There are many factors that contribute to the high cost of healthcare in the country. These include wasteful systems, rising drug costs, medical professional salaries, profit-driven healthcare centers, the type of medical practices, and health-related pricing.
In 2022, 26 million people — or 7.9 percent of the population – were uninsured, according to a report in September 2023 from the Census Bureau. While those numbers represent a significant portion of the population, the uninsured rate in 2022 was the lowest since 2017.
How much is Obamacare a month for a single person?
How much does the average person pay for Obamacare? Obamacare costs an average of $584 per month for a 40-year-old with a Silver plan. Your age affects your monthly rates. A 20-year-old pays an average of $443 per month for a Silver plan, while a 60-year-old pays an average of $1,240 per month, before subsidies.
Platinum health insurance is the most expensive type of health care coverage you can purchase. You pay low out-of-pocket expenses for appointments and services, but high monthly premiums. Plans typically feature a small deductible or no deductible and cheap copays or coinsurance.
Healthcare system complexity
This complexity often results in administrative inefficiencies, increased paperwork, and higher operational costs for both healthcare providers and insurers. These added expenses are eventually passed on to consumers in the form of higher insurance premiums, deductibles, and copayments.
A 21-year-old pays slightly under $400 monthly on average for an ACA plan, while a 60-year-old pays $1,079 on average.
Kaiser Permanente is the cheapest health insurance company of 2024, according to our analysis. We evaluated health insurance companies based on cost, coverage options, NCQA quality rating and consumer complaints.
Some pros of Obamacare include more affordable health insurance and coverage for preexisting health conditions, while some cons include people having to pay higher premiums. The Affordable Care Act (ACA), also known as Obamacare, was signed into law in 2010.
Without health insurance coverage, a serious accident or a health issue that results in emergency care and/or an expensive treatment plan can result in poor credit or even bankruptcy.
How you save money before you meet your deductible. Insurance companies negotiate discounts with health care providers, and as a plan member you'll pay that discounted rate. People without insurance pay, on average, twice as much for care.
- Blue Cross Blue Shield. : Best all-around policies.
- Kaiser Permanente. : Lowest average deductible.
- Aetna. : Lowest premiums.
- Oscar. : Excellent plan options.
- Cigna. : Excellent value.
Medicaid and the Children's Health Insurance Program (CHIP) provide free or low-cost health coverage to some low-income people, families and children, pregnant women, the elderly, and people with disabilities.
What is the highest income to qualify for Obamacare?
| Household size | Min. income | Typical max. income |
|---|---|---|
| 2 | $19,720 | $78,880 |
| 3 | $24,860 | $99,440 |
| 4 | $30,000 | $120,000 |
| 5 | $35,140 | $140,560 |
- Open Funds. Retention% Restricted Funds. Retention%
- HCF. 98.6% CBHS. 93.0%
- Onemedifund. 93.6% Teachers Health. 92.4%
- HBF. 92.3% Police Health. 92.2%
- Mildura Health Fund. 91.8% ACA. 91.9%
- Health Partners. 90.90% Reserve Bank. 91.4%
Low income Americans get free healthcare through the federal Medicaid program, plus additional benefits from state programs such as MediCal in California.
Ten states have uninsured rates below 5 percent.
Depending upon your income, you can get free or low-cost health care through Medi-Cal. Medi-Cal also offers free or affordable programs to start pregnancy coverage right away.
