Health insurance "PMPM cost" stands for "Per Member Per Month cost". This is a type of cost structure in which a set amount is charged for each individual in a health insurance plan. The PMPM cost is calculated based on the individual's age, health condition, and coverage level. It is important to understand the PMPM cost in order to determine the best health insurance plan for individual needs. With the right plan, individuals can get the coverage they need at a cost that is affordable.