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How much does health insurance cost in 2011?

By on November 2nd, 2011
Filed: Facts, Health Insurance

We’re glad to present you today with what may be the best available answer to that question – at least when it comes to individual and family health insurance products in the United States. Today eHealthInsurance released its big ‘Cost & Benefits of Individual and Family Health Insurance Plans’ report for 2011.

The answer, briefly: On average nationwide, health insurance costs $183 per month for individuals and $414 per month for families.

The ‘Cost & Benefits’ report identifies average premiums, deductibles and benefit standards for individually-purchased health insurance plans. It’s an analysis of health insurance plan data from a sample of over 384,000 individual and family major medical policies purchased through eHealthInsurance.com and active as of February 2011.

Check Health Insurance Costs
You can read the press release and view the full report online, but here are some of the highlights:

From eHealthInsurance’s 2011 Cost & Benefits Report:

  • Nationwide, the average monthly premium paid for individual policies was $183, while the average premium paid for family policies was $414.
  • Between February 2010 and February 2011, the average premium increased 9.6% for individuals and 5.6% for families.
  • Between February 2010 and February 2011 the average age of policyholders increased by 1.9 years.
  • Due to the shift in the mix of policyholders toward older age groups with higher premiums, the increase in the overall weighted average is higher than the increase in any individual age group; on average, the increase in premiums in each age group identified in the report is 3.6%.
  • The average deductible for individual policies was $2,935, and the average deductible for family policies was $3,879.
  • Between February 2010 and February 2011, the average deductible increased 11.5% for individual policies and 9.9% for families.
  • Half of all individual policyholders paid $149 or less per month in premiums, and half of all family policy holders paid $353 or less for monthly premiums.
  • The range of average monthly premiums paid for individual plans across the United States fell between $119 in Iowa and $382 in New York*.
  • The range of average monthly premiums paid for family plans across the United States fell between $261 in Iowa and $932 in New York*.
  • Over seventeen percent (17.3%) of all plans were HSA-eligible.
  • The average premium paid for HSA-eligible plans was $177 for individuals and $389 for families.
  • Almost 100% of individual or family plan policyholders selected plans that included lab and x-ray (98.9%) and emergency room coverage (99.9%).
  • The majority of individual and family plan policyholders purchased plans that covered prescription drugs (88.4%) and chiropractic coverage (72.4%).
  • Policyholders also tended to select plans that offered preventive care benefits like OB/GYN (92.0%), periodic exams (89.3%) and well baby coverage (88.3%).

Health Insurance Costs by State
If you’re looking for health insurance costs on a state by state basis, we’ve got that too. The 2011 ‘Cost & Benefits’ report identifies average monthly premiums and annual deductibles for individual and family policies purchased through eHealthInsurance.com in 46 states and the District of Columbia. These states include: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV and WY.

Methodology
As with any report or survey, it’s important to be up-front about your methodology. Here’s a taste of ours, if you’re interested:

  • The 2011 plan data referred to in this year’s report is derived from approximately 384,000 individual and family (IFP) major medical policies purchased through eHealthInsurance that were active in February 2011.
  • The 2010 plan data referred to in this report is derived from approximately 384,000 individual and family (IFP) major medical policies purchased through eHealthInsurance that were active in February 2010.
  • The 2009 plan data referred to in this report is derived from approximately 317,000 individual and family (IFP) major medical policies purchased through eHealthInsurance that were active in August 2009.
  • This report analyzes monthly premiums paid on individual and family major medical health insurance policies in 2009, 2010, and 2011 along with the benefits associated with those plans.
  • The data contained in this report represents only those consumers who shopped for and purchased health insurance through eHealthInsurance.com.

For more information on methodology, prefer refer to the full 2011 ‘Cost & Benefits of Individual and Family Health Insurance Plans’ report.

Notes:
* The states of Hawaii, Maine, Rhode Island and Vermont were excluded from consideration in this report due to sample sizes of fewer than 100 active policies purchased through eHealthInsurance.com.

About Douglas Dalrymple


Doug Dalrymple is a member of the communications team at eHealth, Inc. and has worked in the health insurance and technology industries for fifteen years. He works on communications strategy, content creation and management, project management, and corporate messaging.

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