1. How Much is Health Insurance – That is the Question
Health insurance is one of the most important things that must be secured the moment you land a
job. This will give protection to you and your family’s health and will help you save a high
amount of money in case you get hospitalized. But wait. Have you ever asked yourself, how
much is health insurance? You will discover the answer in the succeeding paragraphs.
Factors Determining Monthly Health Insurance Payment
The monthly payment for health insurance depends on the medical services covered and the type
of health insurance you are searching for. If you opt to apply for an individual policy, the
coverage obtained through the group plans of your employer is going to vary. But how much is
health insurance? Before you know the answer to this question, it is first important for you to
know the factors that determine the payment for it.
When you consider getting an individual health plan for yourself, some of the factors that will
determine the amount you will pay monthly are the kind of health plan you obtain and its
coverage, your medical history, your sponsorship as an employee, your job position, your age
and your location.
When it comes to location, the average monthly insurance cost of a family living in an urban area
varied from that of the family living in the rural area. The very same thing goes to those families
living in suburban areas.
The answer to the question “how much does health insurance cost” also depends on the kind of
job the head of a certain family is employed to. Executive professionals have higher premium
cost while those people working in factories have lower cost. This implies that the rates of the
insurance depend largely on the salary of the individual who will be paying the health insurance
coverage.
The employee’s sponsorship is another factor that determines the rates of the health insurance.
This implies that there are companies automatically insuring their workers and pay ½ the cost for
the insurance plan of their families.
The rate of the health insurance is also determined by your age. If you belong to the middle-age
group who would like to be insured, the insurer will be considerate of your age and the age of
your insured family members. There is also a chance for you to be given a different health
insurance coverage plan cost.
Also, the employment and location based on the insurance holder’s standard of living also has a
significant role in influencing the cost of the insurance.
For instance, in New Jersey or New York, a certain family may pay $1,200 monthly premium if
the family’s head took an insurance plan in New York through his company while a Maryland-

2. based family only pay around $540 per month if the health insurance is taken for the private
protection of the family. You might be wondering why the rate in New York is very high. Well,
when you decide to work and live in this US city, you are obliged to have this insurance and to
include the members of your family to it as well. On the other hand, in Maryland, families must
be medically eligible to obtain their insurance coverage. If in case a certain family does not meet
the criteria set by the insurance company, they can depend on the coverage insurance plans of the
state. However, they should pay higher premium rates.
The Role of the Employer in the Health Insurance Payment
When you are obtaining health insurance through the group plan of your employer, he or she is
required to pay a certain portion of the health insurance. Most states require the employer to pay
at least 50 percent of the monthly premium of the employer and are not compulsory in paying
any amount for dependents.
Average Monthly Cost of Health Insurance
The recent survey conducted by
eHealthInsurance on the average monthly
rate of a medical plan that is individually
purchased shows that the average payment in
2010 was $392 for families and $161 for
individuals. Now, you already know the
answer to the question, of how much is
health insurance a month. However, there
are still some things you need to know.
Individual health plans cost less although it is
counter intuitive. It would really make sense
if the rate of individual coverage in a group plan would be less. The main reason for this is that
you need to be medically qualified for group plans and individual plans. That implies that you
will have lower risk once you successfully meet the criteria for individual health care. Thus, you
obtain a lower health insurance monthly premium. Like a group plan, the monthly health average
would change depending on the applicant’s age. Bear in mind that the actual health plan’s cost
differs based on the coverage of the health plan. Things such as vision, dental, prescription
coverage, out of pocket maximum, co-insurance, co-pays, deductibles and others, either decrease
or increase monthly cost.
To estimate the amount you need to pay based on the aforementioned factors, getting a health
care quote is a good idea. This will also help you know the answer to the question of how much
is health insurance for a family of 3.

3. Health Insurance Coverage Options
There are also health insurance coverage options given to both individuals and families. For
instance, some people just consider the coverage for accidents, which they can certainly rely on
if ever untoward events happen. On the other hand, others want to be insured under the grave
illness plans, most especially if a certain illness history runs in their family.
In accordance with the latest economic updates, in the next coming years, the average private
health care insurance rate can range from $15,000 to $20,000 per annum. That means an average
size family has to pay $1,250-$1,666 per month. This includes things such as Medicaid and
Medicare taxes, insurance premiums and contributions of employees. It is also expected that
politics will continuously play a role in the rate increase of families’ health insurance.
Now, you already know the answer to the question of how much is health insurance in America.
This will surely help you to budget your money in a very effective manner.
If you want to learn more about How Much is Health
Insurance read also “How to Find the Cheapest Health
Insurance” and “How to Pay the Lowest Health Insurance Cost and Get
Maximum Coverage”
Article Source: http://howmuchishealthinsurance.org/how-much-is-health-insurance/