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

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Depending on where you live where you live, the monthly costs for medical care will vary greatly based on where you live. According to the Department of Health and Human Services (HHS), Maryland is the state with the lowest cost for medical insurance coverage, at an average monthly expense of $338 to a 40-year old man who is typical. West Virginia, however, has $712 monthly average premiums.

Rates vary based on factors like competition within a particular state. Insurance companies have to offer competitive rates because of this. Health insurance costs of the populace could influence the extent to which costs differ. Insurance companies can charge more premiums for people who are sicker , or those in hospitals that have more expensive hospital and doctors.

Health insurance costs are based on the average of insurance for a family of size

It is evident that your monthly expenses for medical bills will rise if the family members of yours are covered as part of your health insurance. HHS estimates that the monthly average cost of a married couple over 40 years old is $95


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