Health insurance premiums are crushing the budgets of millions of American families. But How Much Does Healthsharing Save a typical family of four?
According to the Kaiser Family Foundation, average annual health insurance premiums hit $7,911 for single coverage and $22,463 for family coverage as of 2022, before Affordable Care Act subsidies are taken into account.
That translates to $1,872 per month, every month, right out of the household budget.
The trendline isn’t looking good, either. On average, health insurance premiums for a family of four have increased by 20% since 2017, and 43% over the ten years prior to the KFF survey.
So it’s no wonder why hundreds of thousands of families who don’t qualify for an Affordable Care Act subsidy are turning to health sharing plans.