Health insurance is meant to protect health of citizens by providing necessary financial assistance for medical treatment that range from routine checkups to in-depth surgeries or hospital stays.
Many people usually pay insurance premiums to limit the risk of having to pay a lot of money for this care when they finally need it.
So the big question is, what is the- average cost of health insurance per month?
The answer to this question has no one single definite answer because the cost varies from state to state depending on various factors as discussed below.
1. Preexisting medical conditions
Preexisting health conditions plays a huge role in determining the average cost of premium that a person pays each month.
If you enroll to a medical insurance cover if you already have a preexisting medical condition such as diabetes, cancer, high blood pressure among many others, the amount that you will pay will be more than an individual who does not have any preexisting medical condition.
When an insurance company sees preexisting medical condition, they know that it can be costly to them and as a result, they pass the cost to the client by charging high monthly premiums.
2. Lifestyle
The lifestyle that an individual embraces will determine the average cost of premium the he//she will pay per month.
What one does for a living will impact heavily on health insurance premiums. For instance, a person who works in a lab or factory where they are more likely to be exposed to dangerous chemicals or have an increased risk of getting an injury will pay more monthly premiums when compared to someone who has an office job that has limited health risks.
3. Geographical location
Where you live will also determine the amount you will pay on health insurance per month.
Insurance companies in the United States usually have statistics on health trends in various states.
If their data actually indicates that you live in a state where people are generally healthier you are more likely to pay less monthly premiums when compared to someone who live in state that has been termed as high risk.
4. Gender and age
Women usually pay higher monthly premiums than men because they have more reasons to visit a doctor on a regular basis.
Younger individuals also tend to have less health complications when compared to people who are older.
This means that an older person who is buying insurance cover for the first time and was previously uninsured will pay higher monthly premiums than a younger person.