Average Health Insurance Cost Per Month (2022)

The average health insurance cost per month is $495. However, your rates may vary. The average health insurance rates a month are determined by age, health, plan type, deductibles, and where you live. Higher deductibles can lower your monthly rates, but seniors pay more because they correlate to a higher frequency of claims. Shop around and compare multiple health insurance companies to secure the most affordable policy.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 17, 2022

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The Highlights

  • Ten key factors determine your health insurance rates
  • On average, health insurance rates are about $495 a month
  • UnitedHealth Group Inc. has the highest market share in the health insurance industry

The average health insurance cost per month depends on several factors. But how much is health insurance? Is the average health insurance cost for a family of 4 more expensive?

Don’t worry — we’re here to answer your frequently asked questions about affordable health insurance costs.

Our guide explores the average health insurance costs by state, tier, and plan type. Also, we’ll list the best health insurance companies in the United States.

After you learn everything about the average health insurance cost per month, enter your ZIP code in the free online quote tool above to compare multiple companies near you.

What’s the average cost of health insurance?

The average cost of health insurance in 2021 is $495 a month, which is $10 cheaper than health insurance rates in 2020.

According to the Centers for Disease Control (CDC), 12.1% of people in the United States are uninsured, and 63.7% have some type of private health insurance.

However, the average insurance cost varies for each person. Several factors determine whether affordable health insurance is available to you.

Here are ten personal factors that determine how much you pay for insurance:

  • Age
  • Where you live
  • Tobacco use (smoking)
  • Number of people who receive health insurance
  • Metal tier
  • Health insurance plan type
  • State and federal regulations
  • Employer size
  • The county where you live
  • Your income

But reviewing the average cost before you buy health insurance can give you an idea of how much you’ll spend per month on health coverage.

What’s the average health insurance rate by age group?

Age is one of the most significant factors for health insurance. Health insurance companies gauge your risk for filing claims based on your age. But which age group pays more?

Let’s compare health insurance rates by age.

  • 21-year-old – $374/mo
  • 25-year-old – $376/mo
  • 30-year-old – $425/mo
  • 35-year-old – $457/mo
  • 40-year-old – $478/mo
  • 45-year-old – $540/mo
  • 50-year-old – $668/mo
  • 55-year-old – $835/mo
  • 60-year-old – $1,016/mo
  • 65-year-old – $1,123/mo

Younger health insurance policyholders have more affordable health insurance rates because they’re less likely to file a health insurance claim.

However, people with high-risk lifestyles and hobbies (smokers, skydivers, and pro fighters) pay more expensive rates.

Private health insurance for seniors is expensive. Seniors should apply for Medicare to save on costly health insurance.

How much does health insurance cost across the United States?

The state where you live is also a major factor when determining health insurance. But which state has the cheapest health insurance rates? Let’s review.

Average Monthly and Annual Health Insurance Rates by State
StatesMonthly Health Insurance RatesAnnual Health Insurance Rates% Change From Average
New Hampshire$335$4,024-32.25%
New Jersey$543$6,5219.79%
New Mexico$350$4,196-29.36%
New York$701$8,41341.64%
North Carolina$521$6,2475.18%
North Dakota$410$4,923-17.12%
Rhode Island$417$4,999-15.84%
South Carolina$462$5,550-6.56%
South Dakota$561$6,73013.30%
West Virginia$712$8,54043.79%
National Average$495$5,9400.00%
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New Hampshire, Maryland, and New Mexico are the most affordable states for individual health insurance.

Meanwhile, Wyoming, New York, and West Virginia are the most expensive states for health insurance.

How much are health insurance rates by metal tier?

Health insurance policies have various levels. The lowest health insurance tier is catastrophic, and the highest tier is platinum. Let’s look at which tier is more expensive.

  • Catastrophic – $313/mo
  • Bronze – $387/mo
  • Expanded Bronze – $418/mo
  • Silver – $539/mo
  • Gold – $594/mo
  • Platinum – $709/mo

Catastrophic tiers are cheaper because they have the highest deductibles. Higher metal tiers have lower deductibles but more expensive health insurance rates.

Can plan types affect health insurance quotes?

Yes, they can. Each plan works differently and produces various health insurance quotes.

Here’s an example of how much health insurance costs by plan type:

  • Health Maintenance Organization (HMO) – $427/mo
  • Point of Service (POS) – $462/mo
  • Exclusive Provider Organization (EPO) – $469/mo
  • Preferred Provider Organization (PPO) – $517/mo

The PPO plan is the most expensive. However, HMO health insurance plans are the cheapest.

Are health insurance rates more affordable through an employer?

Individual health insurance premiums are about $500 a month, but health insurance through an employer is $104 per month on average.

Employer health insurance has massive benefits for families. A group health insurance policy for your family can be $466 a month, which is much cheaper than what some individuals pay per month.

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Can I lower my health insurance rates?

The short answer is yes. You can decrease your health insurance rates by raising your deductibles and choosing a lower tier.

Also, the Affordable Care Act allows you to get cheaper insurance rates if you qualify for credits toward your health insurance policy. And in some cases, you’ll pay no money at all for health insurance.

If your health insurance company is still too expensive, start shopping at other health insurance companies.

How much are health insurance deductibles?

Deductibles are the amount of money you pay before a health insurance company provides a claim payout. But how much are deductibles for each tier?

  • Bronze Deductibles – $7,000
  • Silver Deductibles – $5,000
  • Gold Deductibles – $1,500
  • Platinum Deductibles – $100

These deductibles are rough estimates. Deductibles vary for each company, but lower metal tiers correlate to higher deductibles.

Are there other cost-sharing types?

Several cost-sharing types are available at the best insurance companies. Here are three cost-sharing items you’ll see when you buy health insurance:

  • Copay – The policyholder pays a fixed amount, and the health insurance company covers the other half.
  • Coinsurance – You usually pay a lower percentage while the health insurance company covers a higher percentage of the total cost.
  • Out-of-pocket maximum – This is the total amount you’re expected to pay within the plan’s year, and it comes after you’ve paid your deductible.

Cheaper health insurance policies usually have more expensive out-of-pocket costs.

What are the best health insurance companies in the United States?

As you shop for health insurance, you may want to start looking at the best health insurance companies in the United States.

Check out the list below to see which health insurance companies are the top providers in 2021:

Top 10 Health Insurance Companies by Direct Premiums Written and Market Share
RankCompaniesDirect Premiums WrittenMarket Share
1stUnitedHealth Group Inc.$119,278,88914%
2ndAnthem Inc.$75,361,3499%
3rdHumana Inc.$74,231,2239%
4thCentene Corp.$72,862,8209%
5thHealthCare Services Corp.$44,520,5755%
6thCVS Health Corp$29,377,5334%
7thKaiser Permanente$20,955,4113%
8thIndependence Health Group Inc.$20,105,8552%
9thGuideWell Mutual Holding Corp.$19,314,0532%
10thMolina Healthcare Inc.$19,106,2242%
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UnitedHealth Group Inc. earns close to $120 million, and it has the largest market share in the health insurance industry.

Anthem, Humana, and Centene compete for the number two spot in direct premiums written and market share.

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How to Lower Your Average Health Insurance Cost Per Month

The average health insurance cost is a general projection of what most people pay for health insurance per month. However, your health insurance quotes may generate more affordable or more expensive rates.

You can find out how much you’ll pay for health insurance when you shop around.

Now that you’ve seen the average health insurance costs per month, use our free online quote tool to compare multiple insurance companies in your area.

Frequently Asked Questions: Average Health Insurance Cost Per Month

Do you want to know more about health insurance? Read these answers to frequently asked questions to learn more.

#1 – How much is health insurance per month for a single person?

Health insurance for an individual is about $495 a month.

#2 – How much is a health insurance policy for a non-smoking 30-year-old?

A 30-year-old can pay between $227 and $425 per month.

#3 – Where can I find the cheapest health insurance?

Medicaid has the most affordable insurance policies, but Medicaid is made for families and individuals with a limited income.

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