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Average cost of health insurance for single men

If you’re looking to find out what the average cost of health insurance for men is, there are a few factors that affect the price of your health plan. Here is some data on the average cost of health insurance for a single man, as well as what factors affect the cost of a good health insurance plan for men.

What is the average cost of health insurance for a single man?

The average cost of health insurance for men in 2018 is $418 per month without subsidy, according to data from the 2018 eHealth Health Insurance Price Index Report , which reflects the costs of health insurance purchases in the United States. market without subsidy. 

However, it is important to note that this applies to people purchasing insurance on the market.

The premium you pay for health insurance will also depend on the type of insurance policy you choose and its flexibility. Consider health insurance policy options like HMO vs. PPO and what the cost differences or traditional fee-for-service and indemnity health insurance plans might be.

Health insurance costs for single men can be less expensive through an employer

If the rate above $418 per month without subsidy is the average cost for a single man in the market, this may indicate that an employer’s health insurance may cost less or be significantly different based on the health insurance plan provided. by an employer, especially if the employer pays part or all of the health insurance costs as part of an employee benefit package. Employer-sponsored premiums increased by 4.6% in 2017. 

Depending on the type of employer plan and how much the employer covers, this can mean that a single man can pay $100 to $200 a month for his health insurance under an employer-sponsored plan (averages vary based on state of residence) For example, in Hawaii, the average is $755 per year for the employee, while in Massachusetts the employee can pay $1,903 per year (which is at the top of the scale). Below is the breakdown by state from the Kaiser Family Foundation to see the differences by region. 

Average Annual Single Premium per Enrolled Employee for Employer-Based Health Insurance (2017)

According to the US Census Bureau, in 2018, private health insurance coverage accounted for 67.3 percent of health coverage, versus 34.4 percent of government health insurance. 

Health Insurance Cost Reduction Options for Young Singles

A significant change in health insurance in the United States in recent years since the ACA is the ability for young adults under the age of 26 to be covered by their parents’ health insurance plan. If you are a single young male under 26 years, so if your parents have employer-sponsored health insurance or an off-the-shelf family plan, you can be covered by their plan and you won’t have to pay additional costs. 

7 things that determine your health insurance rate

When a health insurer calculates how much a health insurance plan’s premium should be, it looks at data and statistics of the average costs that can be expected based on the profile of the individual applying for insurance. Health insurance rates vary based on many factors in addition to gender. Here are some factors that affect the cost of health insurance:

  1. Location
  2. Age (Age impacts the cost of health insurance premiums in most states, although some states have restrictions on age classification, such as New York and Vermont, among others). 
  3. Selected health insurance coverage level (more coverage = more expensive premiums). For market plans, what tier level do you decide to adopt.
  4. Use of tobacco or tobacco
  5. Choosing cost-saving options, for example higher deductibles, can help you save on your premiums and provide tax advantages if you have an HSA or FSA.   
  6. Your income and whether you qualify for ACA grants or tax credits or programs like Medicaid
  7. If your plan is sponsored by the government or an employer

Tool to estimate the cost of your health insurance in 2020

A good tool to check what you can expect to pay in health insurance for your situation and state in 2020 is the Kaiser Family Foundation’s Health Insurance Estimator Tool. By answering 7 easy questions, you can get an idea of ​​how much your health insurance will cost.

Health insurance for men vs. women: which is more expensive?

Looking at eHealth data, the difference in insurance cost between single men or women who purchased their insurance through the no-subsidy health market in 2018 was $43 per month lower on average for health insurance for men than for women’s health insurance. The average cost of female health insurance was $461 and the average cost of male health insurance was $418 in the 2018 enrollment period. If we use these numbers, the cost of health insurance for men may be statistically lower than of women, but according to Census Bureau American Community Survey data based on men and women in the working age population, the rate of uninsured men is 3.1 percentage points higher than that of uninsured women.  

Estimated monthly health insurance cost for single men by age

While individual health insurance cost calculations vary by state and by the other factors described above, eHealth also provides the following information based on its market data by age. While not specifically for single men, it will give you a good idea of ​​the potential difference in the monthly health insurance premium based on age.

$231 – $257 for under 24s

$312 for the 25-34 age group

$395 for 35-44 age group

$541 for the 45-54 age group

$790 for the 55-64 age group 

What health insurance coverage makes insurance for a single man more expensive?

The article 10 Ways to Keep Your Health Insurance Affordable covers some good tips on how to manage the cost of health insurance. An important tip is to look for insurance. The key to getting the best prices is understanding your health insurance policy options.

Looking for Health Insurance Rates for Single Men Outside the “Open Enrollment Period”

Outside of the open enrollment period, you may have a personal situation change that will make you eligible to qualify for good health insurance. Changing your marital status, where you live, suddenly becoming single or moving may qualify for health insurance. 

Health insurance options for single men

Be sure to check out the following potential sources of obtaining health insurance coverage before making a decision about your health insurance plan:

  • your employer
  • The market
  • Your domestic partner’s health plan. Some people consider themselves single but do not realize that they may qualify for coverage as a domestic partner.
  • Your parents’ health insurance if you are under 26, or health insurance available at your school
  • If you are unemployed or on a low income, read more at Finding Affordable Coverage

Always be sure and make sure you qualify for tax breaks or subsidies that can really help you save on monthly costs.

Differences in health insurance coverage for single men

As a single, you can benefit from lower prices than the cost of health insurance for women. Many of the reasons given for this tend to be due to differences in women’s health needs compared to men’s, which were significant before the ACA. 

As a single, the best way to pay the lowest price and control your health insurance costs is to:

  • know your options
  • choose a health insurance policy that works best for you and evaluate it every year
  • ask about subsidies or other tax-saving strategies
  • buy at the best price

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