How to Calculate and Plan for your Medical Expenses Monthly Cost –

tes rise to meet those predicted expenditures. The cost of insurance for an 18-year-old is $324 monthly. The average cost of premium for the 50 year old ranges from $642 to $670 per month, and an average of $970 per month for 60-year-olds. Seniors earning low salaries, such as people who are retired or have reduced their working hours, might be eligible to receive higher allowances.
Average cost for health insurance determined by plan type

There are four distinct categories of health plans to select from. Each with different levels of flexibility and prices in the Marketplace.

Health Maintenance Organization (HMO). HMOs offer lower rates but require you to see the same set of specialists as well as be referred to receive care. They typically, for Silver HMOs, are $473 per month.

EPO (Exclusive Provider Organization): EPOs fall somewhere between HMO or PPO. They require that you use the in-network health providers of your health plan, but they don’t usually need referrals for specialists. EPO Silver plans cost $508 per month.


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