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Annual premiums in 2006 for employer-sponsored group plans are expected to cost $4,500 per single and $14,000 per family. Comparable individual/family “traditional co-pay policies” for 2006 available today cost less than half this amount. Even better, the newest individual/family insurance plans that qualify for a Health Savings Account (HSA) cost 50 percent less than these individual/family “traditional co-pay” plans (see Appendix A).

Annual Health Insurance Premium Cost (2006)

 

Single

Family

Individual/Family Traditional Co-pay Policy

$2,076

$6,492

Individual/Family
HSA Policy

$1,104

$3,264

Employer-sponsored Group Policy

$4,500

$14,000

Following is the average cost of an individual policy for a single person sold in 2004 by eHealthInsurance in the 10 largest states representing 55 percent of the U.S. population.

Average Cost of Individual Policy per Single Person in 2004

10 states (55% of U.S. population)

Monthly Premium

Annual Premium

California

$140

$1,680

Texas

$133

$1,596

New York

$295

$3,540

Florida

$148

$1,776

Illinois

$140

$1,680

Pennsylvania

$138

$1,656

Ohio

$132

$1,584

Michigan

$112

$1,344

New Jersey

$340

$4,080

Georgia

$159

$1,908

Appendix A, “State-by-State Guide to Health Insurance,” contains representative single and family health insurance costs for 2005 to 2006 in every state and the District of Columbia, as well as the cost of the average policy actually sold in 2004.

 

 
  ADDITIONAL RESOURCES FOR THE NEW HEALTH INSURANCE SOLUTION
   



New Health Insurance Solutions for individuals, families, self-employeds, and businesses.

 



View the basic chapter table, expanded topical table, and pdf table of contents.

 



View the html or download a pdf version of the October 2005 press release.

   



Read excerpts on each topic discussed in The New Health Insurance Solution.



Read full reviews of The New Health Insurance Solution by Newsweek, The Wall Street Journal, Forbes, etc.



Read selected portion of reviews by Newsweek, CNN, The Wall Street Journal, Forbes, etc.

   



Read endorsements of The New Health Insurance Solution.

 



View other books written by New York Times best-selling author Paul Zane Pilzer.

 



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