Perhaps the most-asked questions in the health insurance industry relate to the per month cost of a policy. It’s what’s on everyone’s mind. In fact, the cost per month of a health insurance policy is the key deciding factor for most families. Let’s dive into this topic and see what can impact the cost per month of insurance for you and your family.
Let’s start by looking at the national average health insurance cost, which is around $207 per person. This is a minimum amount. Of course, this amount can vary based on a few factors, such as your state and current health. The primary factors affecting your monthly premium include:
- Age – The younger you are, the less you’re likely to pay. Older individuals tend to visit medical services more often, making them more of a liability for the insurance company to cover.
- Location – Many states offer services above the ACA minimum or have few or spread out ER or urgent care clinics. In such areas, health insurance will likely cost more.
- Family Status – Whether you’re shopping for an individual or a family plan, this information will factor into your monthly cost.
- Tobacco Use – If you or any of your dependents use tobacco on a regular basis, that’s cause for concern with most health insurance companies. They’re likely to charge you more per month due to the increased risk of health concerns and healthcare visits.
- Pre-Existing Conditions – It is unfortunate, but living with a pre-existing condition can actually lead to you paying more per month on health insurance.
For a comprehensive health insurance plan geared towards families or individuals, please call Health Reform Team at 833-839-2773. We’ll happily connect you with the right plan based on your needs and the factors we’ve mentioned above.