Do you know what individual health insurance is? Do you know how this differs from a group policy? No matter who you are, you need to know the details of health insurance and how they pertain to you. Simply put, consumers should know how they are buying health insurance and what it means. Unfortunately, many people do not know the difference between an individual health insurance and one that they receive from an employer.
At its most basic level, individual health insurance is a policy that you will buy on your own through a health insurance company. This differs from a group health policy that you receive through an employer that sponsors the plan. Is individual health insurance better than group coverage? Well, this all depends on what you mean by better. And of course, since every policy and buyer is different, these details also come into play when comparing.
One of the most talked about benefits of individual health insurance is that you have the chance to call the shots. You get to buy the policy that you want from a company that you trust. With a group health insurance policy you have to take what your employer sponsors; even if it not up your alley.
If you want to buy an individual health insurance policy, cut out all of the stress and hire a broker. They specialize in acting as the middleman between you, the consumer, and the health insurance companies. Your only task is to tell the broker what you want, and then answer any questions that they have as the process goes on. Soon enough you will be able to compare the quotes that your broker has collected for you.
Now that you know what individual health insurance is and how you can buy it, you need to decide if this is the best decision for you and your health.
