One of the big steps people have to take as young adults is to get their own health insurance coverage. Maybe you’ve aged out of your parent’s insurance plan or you need to replace the insurance you had from a past employer. You may even work for yourself and be responsible for getting your own coverage.
This will lead you to your first question: how much is it going to cost you to get insurance? What you pay for health insurance can vary depending on your state and a variety of other factors. Paying for health insurance in Florida, for example, is likely to cost less than you are likely to pay in New York.
In this quick two-minute guide, we’ll take you through what you can expect to pay for health insurance in Florida, and how it compares to the average insurance cost paid by everyone else across the country.
What Is The National Average For Health Insurance?
As a young adult, you are likely to be looking for individual health insurance rather than group coverage which is what you typically get from an employer. This would be coverage for you, and any family or dependents you would like to add.
People go for individual health insurance for several reasons. For one, health insurance might not be an option that is offered by your employer, or the cost of the group carrier might be too high.
This puts us onto our main focus - what is the average national cost for health insurance? According to recent numbers, you can expect to pay a median of $452 for individual coverage. For family coverage, the cost of health insurance goes up to $1,779 paid monthly.
It’s important to note, however, that these costs are not set in stone. As mentioned above, factors like your location, age, the number of people on your plan, and more can contribute to the final price you’ll pay for insurance. There will also be some stipulations set by the insurance carrier that you are unable to change or control.
Now that you know the national average, what can you expect to pay for health insurance in Florida?
Paying For Health Insurance In Florida
If you’re located in Florida and currently looking for health insurance, it’s a good idea to see how your monthly insurance cost will compare to the national average. While not always possible, in some situations this kind of information can help you lower your rates by paying attention to places you can save on to bring down your insurance cost.
Recently published data shows that on average, you can expect to pay $571 per month for health insurance in Florida - about $120 over the national monthly cost.
What About Employer Insurance Plans?
Many of us operate under the belief that the group insurer put forward by an employer will work out to be more affordable than getting an individual plan.
In some ways, a company plan can be more affordable because your employer will cover a portion of the cost, but this isn’t always the case. You may find that they don’t cover all of your needs, or that there are specific limitations to the plan provided by your employer.
The above is only applicable if you work full-time. If you work part-time or as a contractor, you might not be covered by the company’s insurance policy, and the onus will be on you to find a plan that has comprehensive coverage but still falls within your price range.
Finding The Right Health Insurance In Florida
If you’re looking for advice on getting the right health insurance in Florida or you’re looking for another type of insurance like home, auto, or umbrella coverage, we can help you.
At Richard Dean Insurance, it’s all about you and what you need. We pride ourselves on going the extra mile to find you the best rates from the most financially stable insurance carriers.
With offices in Sarasota, FL and Lakewood, FL, Richard Dean Insurance is here to serve the Southwest Florida community. Book an appointment with our team at RDI today for a policy bespoke to your insurance requirements.