“What if you looked at your health is an investment, rather than an expense?”
The monthly cost of health insurance varies from person to person. Whether you are part of business group plans or have a family plan will alter the cost as well. Statistics show that in 2020, the national average cost Americans spent each month on health insurance coverage was approximately $462 for individual policy holders and $1152 for families. In 2021, the cost went down slightly, and individuals paid an average of $452 per month. There is a broad selection of coverage options. It is important to become familiar with the different options and costs to choose a plan that works best for you.
Today, many people nationwide obtain health insurance coverage through their employers and small business insurance perks. However, there are still many individuals that purchase coverage independently, and depending on if they have dependents, often times family members are also included on their plan. The cost for health insurance will depend on a few different factors, such as: age, location of residence, income and expenses, number of dependents included in coverage, and amount of healthcare use needed.
Since the Affordable Care Act (ACA) was enacted, individuals were provided with the opportunity to choose a health insurance plan through the marketplace, or government exchange. Individuals still had the option to purchase health insurance coverage privately as well, as there are some restrictions to the time periods of when health insurance can be purchased through the marketplace.
It is helpful to know when enrollment periods are or if any special enrollments are taking place.
For example, currently, there is a 2021 Special Enrollment Period (SEP) taking place, and it has officially been extended to August 15th of this year on HealthCare.gov. In addition, there are options to compare plans and get reliable estimated monthly health insurance costs, so you can choose a plan while being clear on what your health insurance premiums, deductibles and out-of-pocket maximums are. UrHealth Benefits can help you to compare plans and discover an affordable plan that works best for your needs.
Need help choosing the best insurance plan for you? UrHealth Benefits is here for all Ur (your) healthcare needs. Not sure if you qualify for special enrollment and don’t know where to start? Whether you are looking for Life, Individual & Family Health, Supplemental, Travel and Medicare Insurances, UrHealth is here as a resource for you and your loved ones. Contact UrHealth Benefits to find the best personalized plan that fits your lifestyle and to simplify the insurance process.