Average health insurance cost for someone who bought a policy privately (non-group individual market) in 2014 was $3,137 (approximately $261 per month for a single policy). According to MEPS, the family policy cost $6,904 a year (approximately $575 per month). The median annual premium cost was $2,317 for a single, and $5,287 for a family. Data source: Medical Expenditure Panel Survey (MEPS); 2014 was the first year of the health insurance exchange. MEPS has not updated the table.