There is no one-size-fits-all answer to this question, as the cost of health insurance depends on a variety of factors, such as the ages and health status of the people in the family, the type of coverage desired, the state in which the family lives, and whether or not the family qualifies for subsidies.
According to a 2019 survey by the Kaiser Family Foundation, the average annual premium for employer-sponsored health insurance for a family was $20,576, or about $1,715 per month. The average annual deductible for a family plan was $4,364.
Of course, not all families have employer-sponsored health insurance. For those who purchase their own health insurance through the Affordable Care Act (ACA) marketplace, the average premium was $7,188 annually, or about $599 per month, in 2019. The average deductible for an ACA marketplace plan was $3,543.
Families that receive health insurance through Medicaid pay no premiums and have very low deductibles. In fact, Medicaid covers many services with no deductibles at all.
There are many ways to save on the cost of health insurance. Some families qualify for subsidies that can dramatically reduce the premium costs. Other families may be able to find less expensive health insurance plans by shopping around and comparing costs.
