The cost of health insurance depends greatly on the plan selected, the deductible, and other factors such as age, family size and type of coverage, so there is no single answer to this question. That said, the average monthly premium cost for health insurance in California is around $588 for an individual plan and $1,520 for a family plan, according to a Kaiser Family Foundation analysis of 2019 data.
Generally speaking, California health insurance plans are sorted into metal tiers (such as Bronze, Silver, Gold, and Platinum) based on their cost-sharing structure and actuarial value. Bronze plans typically have the lowest premiums, but higher deductibles, copayments and coinsurance, meaning you'll pay more out of pocket for health care services. Conversely, Platinum plans typically have the highest premiums, but lower out-of-pocket costs.
It is also important to consider any subsidies or tax credits you might qualify for based on your income. If your income is within certain limits and you purchase a health plan through Covered California, you could qualify for a subsidy to help lower your monthly premium.
To find the plan that best fits your budget and your health care needs, you may want to explore your options in California. Covered California provides an online plan comparison tool to help compare plans and find more information. You may also want to consider getting help from an expert, such as an insurance agent or a certified enrollment counselor, who can help answer your questions and guide you to a plan.
