 Health Insurance
An individual or family health
insurance plan covers one person, or a family, on one plan. While an individual
or family health insurance policy may cost more than a group policy it is better
than not having health insurance coverage at all.
An unexpected illness or serious
injury can ruin a family financially if they do not have some basic coverage.
Most insurance companies offer the same types of managed healthcare plans to
individuals that are offered to groups: HMO's (Healthcare Maintenance Organizations),
PPO's (Preferred Provider Organizations) and POS's (Point of Service Plan), and
generally offer different levels of deductible to keep premiums within budget.
Each person or family must determine what
coverage, premium, deductible and out of pocket expense will best suit their
needs and their family budget. Unlike group insurance that is available to an
entire assemblage of people, no matter what their health status, almost all insurance
companies require extensive questioning about medical history and sometimes a
physical exam in order to qualify for individual insurance.
Health
Insurance
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