The monthly cost of health insurance for a single person is not a single, exact figure, as it varies significantly depending on several factors, including the state you live in, the specific health plan you choose, and the year. However, we can look at average premiums for benchmark plans to understand the typical costs.
Average monthly health insurance premiums for benchmark plans, which are the second-lowest cost Silver plans available on the marketplace, can give a good indication of general costs. These figures typically do not include any premium tax credits or subsidies that individuals might qualify for, which can significantly lower the out-of-pocket cost.
Average Monthly Premiums for Benchmark Plans by State
Here are the average monthly premiums for single individuals for benchmark plans in select states, illustrating the variability:
| State | 2023 Average Monthly Premium | 2024 Average Monthly Premium |
|---|---|---|
| California | $432 | $468 |
| Colorado | $380 | $451 |
| Connecticut | $627 | $661 |
| Delaware | $549 | $533 |
As shown, these averages can range from around $380 to over $660 per month depending on the state and year. It's important to remember that these are averages for specific plan types and do not account for individual circumstances such as age, tobacco use, or whether you qualify for financial assistance.
