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How much does health insurance cost in America

 How much does health insurance cost in America

How much does health insurance cost in America?
Citizens across the United States of America pay premiums for health insurance,
but these premiums paid monthly or annually vary greatly, as the value of these
premiums is not determined according to health or gender, thanks to the
Affordable Care Act - with some exceptions - but is determined according to
several factors We will address it below.


How much does health insurance cost in America?

Several factors contribute to determining the
value of health insurance premiums such as state and federal laws that regulate
costs, where you live, whether or not the job provides insurance, and the type
of insurance plan chosen.

The annual value of insurance coverage for a
family of four is $20,576, with business owners bearing 71% of this cost (in

Perhaps the high cost of health insurance
explains the decline in salaries over the past two decades.

The highest premium for a standard insurance
plan (for someone age 27) is $723 in Wyoming, while the lowest is $282 in New

Deductions may vary based on the size of the
company the insured works for, or based on the type of insurance plan.


Factors affecting the value of the insurance
premium in America

Many factors influence the size of health
insurance payments, and they are not under control, so it would be good to
understand what those factors are. These factors are:

State and federal laws, which determine what
insurance must cover and how much the insurance will cover.

Will the insured obtain insurance through his
job or personally?

Is the insured's salary high or low? Low-wage
workers tend to pay more through their employers, but may pay less through
exchange because of the subsidy.

The amount of work that the insured is working
on. Insurance is usually cheaper for larger companies.

The state in which the insured lives.

Does the insured live in the countryside or
urban? Premiums tend to be lower in urban areas.

The county in which the insured lives. Some counties
have only one insurance plan, and others are more competitive, which means
lower prices.

Type of insurance plan Both PPOs and FMIC
Platinum plans tend to be more expensive.

Age Older people pay 3 times as much as younger

Smoking. Smokers pay 50% higher premiums.