How Much Should I Pay For
Health Insurance
How
much should I pay for health insurance? A basic yet very important question that
every individual should know before applying for any health insurance. Based on
the recent data, the amount of annual healthcare cost that average American
pays is quite high, a bit under $10.000 in 2012. This number has significantly
increased from only $7.700 in the year of 2007. But in the years ahead, the
number is predicted to continue having sharp increase. It means the American
should pay more for their health care that they need to get a job that allows
them to pay that much.
The Breakdown of the Cost for Health Insurance
If
you never have health insurance before, it is necessary to know how the cost of
the insurance breaks down into details. This way, you can learn where you spend
your money and what benefits will be available. For individual, the monthly
premium is as low as $321. As for the family plans, the premium is at $833 per
month. Meanwhile, the amount of annual deductible is around $4.358 for
individuals and $7.983 for the family plans.
From
the break down above, every individual should pay at least $8.210 per year
while the family should pay around $18.000 per year. Not a small number of
money that definitely requires decent job to be able to pay for it. But
remember, this number hasn’t yet taken additional co-insurance responsibility
into account. It means the number can be much higher.
How Age Affects
As we
all know, age does factor in when it comes to insurance. The young people in
average can enjoy lower premiums compared to those that the elderly needs to
pay. It is based on the fact that most young people don’t have saving as much
as the older people.
Principles on Buying Healthcare Insurance
When
it comes to buy health care insurance, you cannot just consider is as buying
other products. It’s totally different and requires particular considerations.
The fact is spending on healthcare is actually very subjective. We all know
there is nothing more precious than our health. But on the other side, we also
know that there is high price we must to pay in order to protect our health.
For those earning a lot of money, health care should not be something that
bothers because they can afford it easily. But for other individuals and family
with low income, health care can be a burden that they should afford it anyhow.
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