Individual Health Insurance

Individual health insurance can provide coverage for one person only or for a whole family. Many people believe that individual health insurance plans are necessarily a more expensive option than a group plan, but that is simply not true. This misconception arises in part because many employers subsidize the health plans of their employees under a group. What many people do not realize, however, is that the employer subsidy does not usually extend to an employee's dependents, so the employee can be paying full rates for that coverage. You could therefore potentially save money by obtaining a separate individual policy for each of your dependents instead of paying full rates under an employee group.

A major benefit in obtaining individual policies is that you can tailor the coverage to match the needs of you and your family exactly, and to match your budget. This means that you don't have to accept the 'standard' plans offered by your employer, which may contain coverage that you don't really want, and lack the coverage that you really need.

Individual Health Insurance Plans

Individual health insurance plans have a number of benefits:

• The coverage provides you with valuable financial protection;
• They often provide premium savings, particularly for dependents;
• They allow you to customize your coverage so you are only paying for what you need;
• They are portable – you can keep your policy if you change jobs, lose your job or retire;
• If you are self-employed, the premiums are 100% tax deductible.

Finding low cost plans has never been easier, and we can help you find the best plan for your needs. Go ahead and get free quotes now, and use our systems to shop around.

Who Should Get Individual Coverage?

When most people think of health insurance, they think of access to medical care. But coverage means more than that. It can help protect you from financial loss and even bankruptcy. You have probably heard many times that unexpected medical expenses are the number one reason people file for bankruptcy. Do not underestimate the significant cost of medical treatment and the impact this may have on your life if you are not insured. An individual policy is vital if you:

• Work for a company that doesn't have a group plan;
• Are self-employed;
• Start a business;
• Need coverage for your dependents;
• Lose your job; or
• Retire before age 65.

September 7, 2010

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