Average Health Insurance Cost for Single Male

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If you are looking to find out what the average cost of health insurance is for men, there are a few factors that impact the price of your health insurance plan. Here is some data on the average cost of health insurance for a single male as well as what factors affect the cost of a good health insurance plan for men.

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

The average cost of health insurance for men in 2018 is $418 per month without a subsidy according to data from eHealth’s Health Insurance Price Index Report for 2018 which reflects the costs of marketplace health insurance purchases without a subsidy.

However, it is important to note that this is for people purchasing insurance through the marketplace.

The premium you pay for health insurance will also depend on the type of insurance policy you choose and how flexible it is. Consider health insurance policy options like HMO vs. PPO and what the cost differences may be or traditional fee-for-service and indemnity health insurance plans.

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

If the above rate of $418 per month without a subsidy is the average cost for a single male through the marketplace, then this may indicate that health insurance through an employer could cost less or be significantly different based on the health insurance plan an employer provides, especially if the employer pays part or all of the health insurance costs as part of an employee benefits package. Employer-sponsored premiums increased 4.6 percent in 2017.

Depending on the type of employer plan, and how much the employer covers, this could mean that a single male could pay as little as $100 -$200 a month for their health insurance in an employer-sponsored plan (averages vary based on state of residence). For example, in Hawaii the average is $755 per year for the employee, whereas in Massachusetts the employee may pay $1903 annually (which is at the high end of the scale). Below is the state by state breakdown from the Kaiser Family Foundation to see the differences by region.

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

According to the U.S. Census Bureau, in 2018, private health insurance coverage represented 67.3 percent of health coverage, vs. 34.4 percent of health insurance through the government.

Young Single Male Health Insurance Cost Saving Options

One significant change in health insurance in the United States in the past several years since the ACA is the ability for young adults under the age of 26 to be covered on their parents health insurance plan. If you are a young single male under 26, then if your parents have employer-sponsored health insurance, or a marketplace family plan, then you may be able to be covered under their plan and not have to pay additional costs.

7 Things That Determine Your Health Insurance Rate

When a health insurance company figuring out how much the premium should be for a health insurance plan, they will look at data and statistics for the average costs that can be expected based on the profile of the individual applying for insurance. Health insurance rates are going to vary based on several factors besides gender, here are a few factors that affect the cost of health insurance:

  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. Level of health insurance coverage selected (more coverage = more expensive premiums). For marketplace plans, what tier level you decide to take.
  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

A good tool to check what you can expect to pay in health insurance for your situation and state in 2020 is the Health Insurance Estimator Tool by the Kaiser Family Foundation. By answering 7 easy questions, you can get an idea of what the price of your health insurance will cost you.

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

Looking at the data from eHealth the cost difference of insurance between single men or women purchasing their insurance through the healthcare marketplace without a subsidy in 2018 was $43 per month lower on average for men's health insurance, than for women's health insurance. Women's average health insurance cost was $461 and men's average cost of health insurance was $418 in the 2018 enrollment period. If we use these numbers, then the cost of health insurance for men may be statistically lower than that of women, yet according to Census Bureau's American Community Survey data based on males and females in the working-age population, the uninsured rate of males is 3.1 percentage points higher than that of uninsured females.

Single Male Health Insurance Monthly Cost Estimate By Age

Although the calculation of individual health insurance cost will vary by state and the other factors we outlined above, eHealth also provides the following information based on their marketplace data by age. Although it is not specifically for single males, it will give you a good idea on the potential monthly health insurance premium difference based on age.

$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?

The article 10 Ways to Keep Your Health Insurance Affordable covers some good tips on managing the cost of health insurance. One major tip is shopping around for insurance. The key to getting the best prices is understanding your health insurance policy options.

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

Out of the open enrollment period, you might have a change of personal situation that will make you eligible to qualify for a good health plan. Having a change in marital situation, where you live, if you are suddenly single or moving may all be qualifying events for health insurance.

Single Male Health Insurance Options

Make sure that you have checked the following potential sources of getting health insurance coverage before making a decision on your health insurance plan:

  • Your employer
  • The marketplace
  • Your domestic partner's health plan. Some people consider themselves single, but don't realize they may qualify for coverage as domestic partners.
  • Your parents health plan if you are under 26, or health plans available through your school
  • If you are unemployed or have low income, read more in Finding Affordable Coverage

Always be sure and check if you qualify for tax breaks or subsidies which can really help you save on the monthly costs.

Differences in Health Insurance Coverage For Single Males

As a single male you may benefit from lower prices than women's health insurance costs. Many of the reasons given for this tend to be due to the differences in women's health care needs vs. men's which were significant prior to the ACA.

As a single male, the best way to pay the lowest price and control your cost on health insurance is to:

  • know your options
  • choose a health insurance policy that works best for you, and evaluate this every year
  • inquire about subsidies or other tax saving strategies
  • shop for the best price