Average Health Insurance Cost for Single Male

If you want to find out what the average cost for men of health insurance is, many factors affect your health plan's price. Here are some details on the average cost of a single male health policy and the variables that impact the cost of a good male health insurance plan.

What is the Average Cost of Health Insurance for a Single Male?

In 2018 the average cost of men's health insurance is $418 a month for non-subsidy based on 2018 eHealth Price Index results, reflecting the costs of marketplace health insurance buybacks with no subsidy. 

It is important to remember, however, that this is a market place for people who buy insurance.

The insurance premium you pay will also depend on the type and flexibility of the insurance policy you choose. Consider the choices for health insurance policies such as HMO vs PPO and what could be conventional health insurance charges or cost disparities.

Health Insurance Costs for Single Men Could Be Less Expensive Through an Employer

If the above rate is the average cost for a single male through the market of $418 per month without an allowance, then this could mean that the cost of an employer health insurance may be lower, or substantially different depending on an employer's health insurance plan, particularly as the employer covers some or all of the health insurance costs as part of a benefit package for employees. In 2017 the employer-sponsored premiums grew 4.6%. 

This could mean that a single male could pay $100 – $200 a month in an employer-supported plan, depending on how much the employer covers the employer plan (averages vary based on state of residence). For instance, Hawaii has an annual average of $755, while Massachusetts has an average of $1903.00 per year (which is at the high end of the scale).   

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

According to the U.S. Census Bureau, the coverage of private health insurance accounted for 67.3% of health coverage in 2018 versus 34.4% government-wide. 

Young Single Male Health Insurance Cost Saving Options

A major shift in health care in the United States in recent years as the ACA is the opportunity to provide coverage for young people under the age of 26 to their parents. You will be able to cover your plan and not have to pay extra expenses, because you are a young single male under 26, whether your parents have an employer health policy or a family market place plan.

7 Things That Determine Your Health Insurance Rate

If a health insurance provider finds the premiums for an insurance plan, it examines figures and data on the average costs estimated on the basis of the profile of the insurance applicant. Medical insurance premiums will differ based on many factors other than gender, several factors affecting health insurance costs:

  1. Location
  2. Age (age impacts the cost of health insurance premiums in most states, although some states have restrictions on age rating, such as new York, and Vermont, among others).
  3. The level of coverage of the health benefits chosen (more coverage = higher costs). What stage you intend to take for marketplace plans.
  4. Tobacco use or smoking
  5. Choosing cost saving options, for example, higher deductibles can help save on your premiums and provide tax advantages if you have an HSA or FSA.
  6. Your income and if you qualify for ACA subsidies 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

The Kaiser Family Foundation's Health Insurance Estimator tool is a helpful tool for checking what you would expect to pay for your status of health insurance by 2020. You will get an estimate of how much your health insurance would cost you by answering 7 simple questions.

Men's vs. Women's Health Insurance: Which Is More Expensive?

If you look at eHealth results, the cost variance for single men or women who pursue their insurance without a grant was $43 per month lower in 2018 on average than for the health insurance of women.The average cost to women for health insurance amounted to $461, and the average cost to men for health insurance amounted to $418 in 2018.Using these numbers, the cost of men's health insurance may be statistically lower than that of women, but the uninsured rate of men is 3.1 percent higher than that of uninsured women, according to the American Community Survey of the Census Bureau. 

Single Male Health Insurance Monthly Cost Estimate By Age

While each state and all other variables as outlined above differ in the estimation of individual health insurance costs, eHealth can also include information on the basis of market data of its era. Whilst not exclusively for men, the possible monthly premium differential depending on age will give you a clear idea.

$231 - $257 for the under 24 age group

$312 for 25-34 age group

$395 for 35-44 age group

$541 for 45-54 age group

$790 for 55-64 age group

What Health Insurance Coverage Makes Insurance for a Single Male More Expensive?

Article 10 Ways to maintain an affordable health policy covers some useful advice on managing health insurance costs. Shopping for insurance is one important tip. Your health insurance coverage choices are the secret to achieving the best deal.

Looking for Single Male Health Insurance Rates Out of "Open Enrollment Period"

You could have a shift in your personal condition during the open enrollment period to allow you to apply for a good plan for health. You can all be qualifying events for health benefits if you change the marital situation where you live if you unexpectedly are alone or move.

Single Male Health Insurance Options

Before deciding on your health insurance package, make sure you have reviewed the following possible sources of health insurance coverage:

  • Your worker
  • The Market
  • The health plan of your household partner. Some people regard themselves as individuals, but don't know they would qualify as intimate partners for coverage.
  • If you are less than 26, or have health plans in your education, your parents' health plan
  • Learn all about finding affordable coverage if you are unemployed or have a low wage.

Be sure to always check whether you are eligible for tax breaks or grants that will help you actually and the monthly costs.

Differences in Health Insurance Coverage For Single Males

As a man, the cost of health insurance may be lower than the cost of women. Many of the reasons given for this are mostly due to the disparities in the health needs of women from men before the ACA.You will benefit as a single male from lower premiums than the health care rates for women. Many of the reasons for this are due to the disparities in the health needs of women and men before the ACA.

The best way to pay the lowest price and monitor your health care costs is as a single male:

  • Know your choice
  • Choose and review the ideal health insurance policy annually
  • inquire into subsidies or other mechanisms for fiscal saving
  • Shop at the best cost