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Which States Have the Most Expensive Health Insurance? & Average Health Insurance Cost by State 2024

Professpost conducted an analysis of Centers for Medicare & Medicaid Services data to identify states with the highest health insurance costs. Explore our rankings to discover where your state stands in terms of average health insurance expenses.

Health insurance coverage in the U.S. is widely known to be costly. ProfessPost examined data from the Centers for Medicare & Medicaid Services (CMS) to create a ranking of states, comparing average annual health insurance costs to illustrate the variations in expenses across the country.

The typical American spends $7,922 each year on health insurance premiums, accounting for 14% of the median annual income for full-time workers. In certain states, like New York, residents might face even higher costs, with potential annual expenses reaching $18,396 despite efforts to enhance affordability. Four additional states present a comparable cost landscape, exceeding $10,000 per year, underscoring the importance of providing consumers with affordable health insurance choices.

ProfessPost not only explored average healthcare expenses but also delved into data from the United States Census Bureau, revealing that almost 9% of the U.S. population does not have health insurance. This highlights a growing demand for accessible and top-notch health insurance coverage, especially in states such as Texas, where 18% of residents lack insurance.

Is Health Insurance Getting More Expensive?

Over the past decade, healthcare costs have indeed seen a substantial increase. According to the Kaiser Family Foundation, the average individual’s premium has risen by 67% from 2014 to 2023. However, in comparison to 2019, there is a 5% decrease in costs in 2023. Additionally, premiums only experienced a 4% rise from 2022 to 2023.

Centers for Medicare & Medicaid Services Census Bureau

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