This average cost does not include people who receive government subsidies. The cost of COBRA health insurance depends on the cost of your employer-based health insurance, and often adds a 2% service fee. To see what private insurers offer in your state, you can compare quotes from several health insurance providers. We have a complete guide on how much health insurance for expats can cost in different countries, along with a list of the most expensive and cheapest countries for health insurance.
Established by the Affordable Care Act (ACA), the Health Insurance Marketplace is a platform that offers health insurance plans to individuals, families and small businesses. Deductibles, also known as out-of-pocket charges, are a common feature in U.S. health insurance policies, meaning that upfront costs are common even for those who are insured. Here's a helpful breakdown of average health insurance costs, along with tips for finding the best insurance plan for you.
If you don't buy health insurance through the ACA marketplace, insurers also have non-ACA regulated health insurance available. MoneyGeek researched national data and analyzed how health insurance rates change depending on the type of insurance plan, the number of people covered, and the location of that coverage, among other factors. This national average is for private health insurance you buy on the government's Health Insurance Marketplace created by the Affordable Care Act, often called Obamacare. At the same time, because employees can pay health insurance premiums with pre-tax dollars, their burden may be less than that of people who purchase their own insurance through the federal Health Insurance Marketplace or their state's health insurance marketplace.