04 Jan Individual
Individual health insurance is a policy purchased by an individual for themselves and their family based upon personal needs and budget — just like car insurance.
While traditional, job-based health insurance may be more familiar to most people, it is not the only option. In fact, due to changes with health reform, more people than ever before are enrolling in individual health insurance policies.
Why Choose Individual Health Insurance?
There are many new benefits with individual health insurance, including:
- Portability: Employees may keep their policy when they switch jobs
- Choice: Employees choose the policy that best fits their needs, including the network of providers and level of coverage
- Savings: Individual health insurance costs less, and employees may be eligible for a premium tax credit to assist them with the cost of their monthly health insurance premiums
- Coverage: Individual health insurance covers all essential health benefits, and is available to everyone regardless of pre-existing medical conditions