Enter the total number of adults and children into the calculator to estimate the health insurance cost per month.

Health Insurance Cost Per Month Formula

The following equation is used to calculate the Health Insurance Cost Per Month.

HC = A*456 + C*150

  • Where HC is the total health insurance cost per month ($/month)
  • A is the number of adults in the family
  • C is the number of children in the family

What is the Average Health Insurance Cost Per Month?

The average cost of health insurance depends on what type of coverage you choose and where you live. The average cost of health insurance can also vary based on your age, whether you use tobacco products, a woman, or a man.

In 2022, the average monthly cost for family coverage was $1,600 and $704 for single coverage. That breaks down to $19,200 for an entire year and $9,600 for six months.

Trying to figure out how much health insurance will cost you is a bit like trying to figure out how much car you can afford:

There are so many variables — monthly premiums, deductibles, coinsurance, copayments, and annual coverage limits — that it’s challenging to get an accurate picture of the costs until you get down to specifics.