How do RI health insurance premiums compare?
Almost every one feels like they pay too much for their monthly health insurance premiums, but how do these costs compare across the U.S.?
The white states are ones where Kaiser didn’t have enough information to offer an accurate number. Data on Califronia is also a little off- it only includes numbers from Wellpoint (Anthem Blue Cross) which covers 57% of folks in CA that buy their own insurance.
If you want to pay the cheapest rates for individual insurance, head out to Alabama- $136 a month.
But as you can see, all of New England is in the highest cost category-average payments of $250 to $437. That actually sounds low to me. I’ve heard of individuals paying much more. This footnote at the bottom of the map explains the numbers-
Premiums are per member per month and represent an average across adults and children. Premiums may be lower than a premium typically charged to a single adult.
So for instance, if you had a health plan covering a four person family, the cost per person would be your monthly premium divided by four.
OK, we know health premiums are expensive in New England. How does Rhode Island compare to our neighboring states?
Rhode Island has the third highest individual premiums in New England, and ranks in the top 5 for the most expensive plans in the country. Notice that Massachusetts has the highest premiums in the country. More evidence that universal health care doesn’t necessarily lead to cost reductions.
By the way, New Jersey (49. $364) and New York (48. $357) prevented us from falling in line right behind Vermont.
Folks that buy their own insurance- how do these averages match up with our monthly costs? Remember to divide by the number of people in your family on the plan!