How Much Does Obamacare Cost? eHealth Reports Average Monthly Individual Health Insurance Premium of $393, Family Premium of $1,021
eHealth’s report shows the average individual premium for people not
receiving Obamacare subsidies was
eHealth’s analysis provides an aggregated, anonymized examination of
individual and family health insurance premiums and deductibles for
plans selected by eHealth shoppers not receiving government subsidies
for premium payments under the ACA from
This is the latest installment in eHealth’s Health Insurance Price Index reports, which have tracked costs and trends in the self-purchased health insurance market since 2014. Prior to 2014, eHealth published an annual Cost and Benefits report, which tracked cost and benefit trends in the self-purchased health insurance market from 2005 to 2013.
Individual coverage highlights
-
Average individual premium:
$393 for an individual not receiving subsidies -
2016 to 2017: the
$393 average premium for 2017 is 22% (or$72 ) higher than the average individual plan premium of$321 for the 2016 open enrollment period
Family coverage highlights
-
Average family premium:
$1,021 for a family not receiving subsidies -
2016 to 2017: the
$1,021 average premium for 2017 is 23% (or$188 ) higher than the average family plan premium of$833 for the 2016 open enrollment period
More detailed information is provided below.
Price Index Report:
Costs and Trends During the First Two Months of the 2017 Open Enrollment Period
Health plan costs
-
Premiums for individual plans selected by eHealth shoppers not
utilizing government subsidies averaged
$393 per month, a 22% increase compared to the average premium of$321 per month for plans selected during the 2016 open enrollment period -
Premiums for family plans averaged
$1,021 per month, a 23% increase compared to the average premium of$833 per month for plans selected during the 2016 open enrollment period -
The average annual deductible for individual plans was
$4,328 , a 1% decrease compared to deductibles for plans selected during the 2016 prior open enrollment period -
The average annual deductible for family plans was
$8,352 , a 5% increase compared to deductibles for family plans selected during the 2016 open enrollment period -
Average monthly premiums for individual plans selected by eHealth
shoppers, by metal level, were as follows:
-
Catastrophic plans:
$174 -
Bronze plans:
$388 -
Silver plans:
$428 -
Gold plans:
$507 -
Platinum plans:
$583
-
Catastrophic plans:
-
Average monthly premiums for individual plans selected by eHealth
shoppers by age band were as follows:
-
Less than age 18:
$187 -
Age 18-24:
$219 -
Age 25-34:
$288 -
Age 35-44:
$364 -
Age 45-54:
$482 -
Age 55-64:
$701
-
Less than age 18:
Plan selection data
-
In the first two months of the current open enrollment period, bronze
was the most common metal level selected by both individual and family
health insurance shoppers; by percentage, metal level plans were
selected as shown2:
- Catastrophic plans: 9%
- Bronze plans: 44%
- Silver plans: 34%
- Gold plans: 10%
- Platinum plans: 2%
-
In the first two months of the current open enrollment period,
HMO-style plans were the most commonly selected; by percentage, plan
types were selected as shown:
- PPO-style plans: 23%
- HMO-style plans: 51%
- EPO-style plans: 19%
- Other: 7%
- Plans eligible for use with a Health Savings Account (HSA) accounted for 25% of all plans selected by consumers
Shopper demographics
- In the first two months of the current open enrollment period, 48% of eHealth shoppers selecting plans were women and 52% were men
- The average age of shoppers selecting individual health insurance plans was 38
-
Shoppers selecting individual and family health insurance plans fell
into the following age bands2:
- Less than age 18: 4%
- Age 18-24: 6%
- Age 25-34: 31%
- Age 35-44: 22%
- Age 45-54: 20%
- Age 55-64: 18%
About the eHealth Price Index
eHealth is one of the few organizations with national source health insurance data that broadly reflects consumer buying patterns and purchase prices in the self-purchased individual and family health insurance market. eHealth’s Price Index reports provide insights into the large segment of the individual and family health insurance market which may not qualify for or elect to use government subsidies, and which may shop for coverage through sources other than government-run exchanges.
eHealth’s Price Index 2017 figures are based on thousands of health
insurance applications submitted by eHealth shoppers during the first
two months of the 2017 open enrollment period (between
Data presented in eHealth’s report is based solely on rates quoted for health insurance applications selected by consumers through the company’s website in the specified time period. Figures have been rounded to the nearest full dollar or nearest full percentage point. The information provided here does not offer a comprehensive view of costs for all plans available through eHealth, through the market as a whole, or through government exchanges. Certain data may have been excluded. For example, applications missing key data fields relevant for analysis may have been removed from the sample.
Notes:
1 2016 figures were previously published in
eHealth’s
2 Percentages may not add to 100% due to rounding.
eHealth
For more health insurance news and information, visit eHealth's Consumer Resource Center.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170113005102/en/
Source:
DMA Communications for eHealth, Inc.
Sande Drew, 916-207-7674
sande.drew@ehealth.com
or
eHealth,
Inc.
Nate Purpura, 650-210-3115
nate.purpura@ehealth.com