The dollar amounts shown in the table are the average cost in Texas of insuring individuals for each type of insurance. However, health insurance costs vary significantly depending on the cost of care and the insured population. Residents insured with group insurance received this type of medical care approximately 20% lower than the national average. Group insurance is based on 1,932,534 members and individual insurance is based on 1,442,581 members.
People with low or moderate incomes qualify for health insurance subsidies (also called premium tax credits), which reduce the monthly cost of insurance according to their income. Deductibles define the amount of medical expenses that the insured person must pay before the insurer's coverage begins to pay medical bills. Supplemental eye and dental insurance contracts that are sold as additional clauses to comprehensive insurance are not included. Calculations of the average cost of comprehensive group and individual insurance are based on data submitted to the state insurance department.
Deductibles have the effect of increasing the cost of insurance for people who file insurance claims. Companies that offer health insurance to employees as a benefit offer a type of insurance known as group insurance.