How much does health insurance cost?

January 19, 2016

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Lauren
Lead Copywriter

 

 

The cost of health insurance depends on many factors, including your age, location and tobacco use, as well as the amount you pay for your deductible, co-pay and co-insurance.

Let’s break that down:

Your age: Unfortunately, the older you get, the more your plan goes up. This is because the older you get, the more likely you are to use your insurance. Unfair, we know.

Your location: Where you live can affect the price due to state rules, local rules, competition and cost of living.

Your deductible amount: If you have a low deductible, your monthly payment will be higher and vice versa.

Your co-pay amount: If you have low co-pays, your health insurance plan may cost more.

Your coinsurance amount: If you have low coinsurance, your health insurance plan may cost more.