In order to answer the question, “how much is health insurance in Missouri?” it is good to have a basic understanding of the concept of health insurance. Health insurance is a type of insurance that pays for medical expenses. It is designed to protect people from high and unexpected health care costs. 

There are quite a few options nowadays for individuals to obtain health insurance. Many employers provide health insurance as a benefit, you can purchase it directly from an insurer, or you enroll through government programs. At 180 Healthcare, we offer an alternative approach to health care coverage so you can live a happy and healthy life. 

Health insurance coverage varies widely in the United States, with some plans providing more coverage than others, and some plans being ineligible to provide coverage in various locations or instances. The Affordable Care Act (ACA) requires most Americans to have health insurance or you may have to pay a penalty for being uninsured. The ACA was established for many different reasons, but one of the top reasons is to protect individuals from experiencing high out-of-pocket expenses when high medical bills came through the mail.

Health Insurance in the United States

Before we can answer the question, “how much is health insurance in Missouri?”, we need to paint a bigger picture of what the costs are like throughout the United States. The cost of health insurance will always vary from person to person based on the type of coverage, the company or entity providing the insurance, and the options the insured chooses to purchase. The average cost of health insurance in America is $19,000 per year.

The average cost of health insurance varies from state to state. For example, the average cost for a family plan in New York is $1,069 per month. In contrast, the average cost for a family plan in Alabama is $749 per month.

There are a lot of factors that go into the cost of health insurance. Many times it depends on the type of coverage you choose: HMO, PPO, POS. The least expensive type of coverage you can choose is an HMO plan because they restrict your access to out-of-network providers and hospitals. On the other hand, PPO plans have more out-of-network coverage and are less restrictive than HMO plans.

Sounds intimidating, right? It can be, but don’t let it scare you. Insurance companies and healthcare companies have representatives that will always walk you through the process so you can make the most informed decision for you and your family. 180 Healthcare provides solutions for you so that when it comes to making those important decisions, you feel well-informed and educated. 

The United States has one of the most expensive health care systems in the world, but it also has one of the best systems as well. With plenty of options to fit the varying lifestyles of the individual and family, health insurance and alternatives to health insurance, like 180 Healthcare, make it easy to figure out what is best for your unique situation.

How Much is Health Insurance in Missouri?

So, just how much is health insurance in Missouri? Like we mentioned above, there are plenty of factors that determine the overall cost of health insurance, but Missouri health insurance is one of the most affordable in the country. The average annual cost for an individual is only $6,200 and less than $14,000 for a family.

There are five reasons that the cost of your health insurance could be affected. 

Location

Just like most things in the United States, or even in the world, where you live can greatly depend on the cost of your health care. Your geographical location plays a significant role in how much you’ll pay for health insurance because of things like competition for health insurance, cost of living, and state/local laws or rules.

Age

Typically, health insurance policy prices increase as the policy holder gets older. Individuals over the age of 55 will start to see higher costs of health insurance, which could have an impact on how much health insurance is in Missouri. 

Tobacco Use

There are only a handful of states that prohibit any added fees for tobacco users, but unfortunately, Missouri is not one of them. Regular tobacco users can expect to see upwards of a 50% increase in premiums than your neighbor or family member who does not smoke or participate in regular tobacco use. 

Number of Individuals Enrolled

Whether you are a single individual looking for quality health care coverage, or someone who is looking to gain coverage for your entire family, the amount of individuals on your plan can increase the cost. More often than not, there is a set family plan, so you don’t need to worry about paying for each individual in your family as it grows!

Type of Plan

Bronze, silver, gold, platinum, and catastrophic are the five basic plans for health insurance coverage. The cost of your specific coverage will depend greatly on which plan you choose. There are pros and cons to each plan, so be sure to talk with a qualified health coverage representative. 

Like you’ve seen here, there are a lot of different situations, and factors that can go into health insurance coverage. There is a general average for how much health insurance is in Missouri, but you’ll want to know all of your options prior to making one general consensus. 

At 180 Healthcare, a team of experts is waiting to talk to you to learn more about your situation and how we can answer some of your biggest questions. While we aren’t a health insurance company, we take the time to listen and learn about what’s important to you when choosing a specific coverage, and we’d like the opportunity to assist you. We have a wide range of options and pricing for health coverage that fits your needs.

Health insurance doesn’t have to be so tricky, so contact us to learn more or give us a call at  573-803-4661 and start planning your coverage today.