Average Cost of Private Health Insurance Per Month

Average Cost of Private Health Insurance Per Month

The average cost of health insurance coverage in the United States is $2,196 per year or $183 each month. Families on private health plans pay an average annual premium of $4,968 or $414 per month. The average deductible for these plans are $2,935 for individuals and $3,879 for families.

These premiums have seen an increase from the year before averaging 9.6% for individuals and 5.6% for families. Deductible increases were 11.5% for individuals and 9.9% for families. The average lifetime limit for each member was $4.2 million. Additional policy holder and health care cost statistics are outlined below.

Top 5 States with Highest Cost of Healthcare

1. Alaska
Single Coverage: $6,180
Family Coverage: $14,622

2. Rhode Island
Single Coverage: $6,164
Family Coverage: $14,424

3. Washington DC
Single Coverage: $5,953
Family Coverage: $16,572

4. Maine
Single Coverage: $5,809
Family Coverage: $15,274

5. Vermont
Single Coverage: $5,749
Family Coverage: $15,086

Decreasing Healthcare Costs

In recent times healthcare costs have seen a downturn as the economy slowed and Americans spent less.

Top 5 States with Lowest Cost of Healthcare

1. Utah
Single Coverage: $4,281
Family Coverage: $12,213

2. Hawaii
Single Coverage: $4,401
Family Coverage: $12,109

3. Arkansas
Single Coverage: $4,586
Family Coverage: $11,830

4. Georgia
Single Coverage: $4,706
Family Coverage: $13,149

5. North Dakota
Single Coverage: $4,716
Family Coverage: $11,007

Policyholder Statistics

1. More than 37.9% of policyholders had an annual deductible of $2,000 or less.
2. The average age of policyholders increased by 1.9 years.
3. Over 17.3% of all plans were HSA eligible.
4. Almost 100% of individual and family policy holders selected plans including lab, x-ray, and emergency room coverage.
5. 88.4% of plans covered prescription drugs and chiropractic coverage.
6. 92% of policy holders had preventive service benefits such as OB/GYN, periodic exams, and well baby coverage.

United States Healthcare Premium Statistics

In the United States, an average of $2.6 trillion is spent on healthcare. In the last 40 years, the cost of healthcare has increased faster than the GDP by 2.4%. Rising costs have impacted workers and employers alike.