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How much does individual and family health insurance cost?

By on November 28th, 2012
Filed: Consumers, Facts, Families, Health Insurance, You

The Cost of Health Insurance TodayWe just released our annual Cost and Benefits of Individual and Family Health Insurance report for 2012, and the findings this year’s are pretty fascinating.

We found, for instance, that cost increases in premiums and deductibles are flattening out relative to prior years, and in fact the average premium paid for family plans decreased in the past year.

According to the report:

  • The average premium paid for family health insurance policies nationwide was $412 per month, a decrease of 0.5% compared to 2011
  • The average premium paid for individual policies nationwide was $190 per month, a 3.8% increase compared to 2011

For the first time in over seven years, we’re reporting an actual decrease in what the average family spends in health insurance premiums.

The objective of eHealth’s Cost and Benefits report is to provide a nationwide perspective on cost and benefit trends in the individually-purchased health insurance market, based on a large, geographically distributed sample of consumer health insurance policies purchased through eHealthInsurance.com. Offering thousands of plans from over 180 health insurance companies, eHealthInsurance is one of the few organizations with national source data reflecting consumer buying patterns and purchase prices in the individual and family health insurance market.

To learn more, you can read the full report and our press release, but here are some additional highlights:

  • The average deductible for individual policies nationwide was $3,079 per year (a 4.9% increase vs. 2011), and the average deductible for family policies was $4,079 per year (a 5.1% increase)
  • For family coverage, only one state showed a double-digit percentage increase in average monthly premiums – twenty showed a decrease in average monthly premiums
  • Half of all individual policyholders paid $156 (median) or less per month in premiums, and half of all family policyholders paid $352 (median) or less for monthly premiums
  • Over seventeen percent (17.8%) of all plans with coverage in effect were HSA-eligible
  • The average premium paid for HSA-eligible plans was $186 for individuals (a 5.1% increase vs. 2011) and $401 for families (a 3.1% increase)
  • Almost all individual or family plan policyholders selected plans that included lab/x-ray (99.2%) and emergency room coverage (99.7%)
  • The majority of individual and family plan policyholders purchased plans that covered benefits like OB/GYN care (90.5%), prescription drugs (88.1%) ,periodic exams (88.0%) and well baby coverage (87.1%)

Get Health Insurance Quotes

eHealth Inc.’s 2012 Cost and Benefits of Individual & Family Health Insurance report analyzes monthly premiums paid for individual and family major medical health insurance policies in 2012 along with the benefits associated with those plans. The 2012 plan data referred to in the report is derived from approximately 395,000 individual and family (IFP) major medical policies purchased through eHealthInsurance that were active in February 2012. For the purposes of comparison, cost data published in prior Cost and Benefits reports is also referenced in the 2012 report.

Analysis provided in the report is based solely on health insurance plans offered and purchased through eHealthInsurance.com. Results may not reflect the full scope of all individual and family health insurance products available nationwide or within a given state.

For more information on report methodology, visit the eHealth Media Center and read the full 2012 report, The Cost & Benefits of Individual and Family Health Insurance Plans.

Image by Flickr user 401(K)2012


About Carrie McLean

Carrie McLean has been in the health insurance field for 7 years and is licensed in all 50 states. She is often seen in the media discussing health insurance trends and issues from an insider’s perspective and as a consumer advocate, having personally helped thousands of individuals and families search for and find affordable health insurance.

1 Comment Add Your Comment

Jamie on Saturday, February 8 @ 12:31 pm

Hi. I am inquiring about family health insurance. I am planning to switch jobs soon, and the job I’m switching to has expensive insurance. I’m wondering if you could help me with a price quote of family insurance?

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