Understanding how much you will pay for health insurance is essential when shopping for the right health plan — one that works for your health needs and your budget. Show What variables affect the cost of an individual health insurance plan?Several factors can affect how much you’ll pay in premiums each month for a health plan. They can include your age, household income, whether you use tobacco or not, and the type of plan you choose. Note: Your health, medical history, or gender can't affect your premium.
There is more to health insurance costs than monthly premiumsIn addition to the monthly premium, health plans also have out-of-pocket costs — deductibles, copays, and coinsurance — that members must pay when they receive certain services.
Metallic categoriesEvery health plan is assigned a metallic category: Bronze, Silver, or Gold. The categories can help you compare your plan options based on how much you will pay towards your monthly premium and out-of-pocket costs when you receive care. In general:
Compare cost and coverage by category. Why does health insurance cost what it does?There is no one reason why health care costs as much as it does. It is instead the result of a lot of contributing factors, such as:
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