What is the average cost of Obamacare for a single person?

In exchange for healthcare coverage, the insurer charges you a monthly premium. According to eHealth’s recent study of ACA plans, in 2020 the national average health insurance premium for an ACA plan is $456 for an individual and $1,152 for a family..

Who is not eligible for ObamaCare?

Have household income between 138-percent to 400 percent of the FPL. Not qualify for coverage on Medi-Cal, Medicare or military health coverage. Not have access to affordable health coverage through your employer. Comply with tax filing for the benefit year.

What is the cheapest Obamacare plan?

Bronze is the cheapest catagory of plans out of Bronze-Silver-Gold and Platinum. The ACA (Obamacare) law requires that every health insurance company with plans deemed “credible” offer plans in those catagories with similar coverage industry wide, to make it easy for the consumer to get a fair assessment of price and coverage.

Why does Obamacare cost so much?

The cost of Obamacare is increasing for a number of reasons, including: More people are seeking coverage. The basic price of insurance has increased. The increase is due to more persons seeking coverage, the higher cost of medications and health care services along with a decrease in the number of insurance companies participating.

How much Obamacare costs the average family?

While the average premiums dropped in both 2019 and 2020, they are up, overall, since 2016. The average monthly premium for a benchmark plan (the second-lowest-cost silver plan) in 2020 is $388 for a 27-year-old enrollee and $1,520 for a family of four.

What is the monthly cost of Obamacare?

Income comes into play when it interacts with your household size and location to determine whether you qualify for an ACA subsidy to reduce your Obamacare costs. The average monthly premium for 2018 benchmark Obamacare plans is $411 before subsidies, according to the U.S. Department of Health and Human Services.