January 31, 2025
Agency

Individual Health Insurance Plans

Health and wellness play critical roles in your overall quality of life and that of your family. Illnesses, injuries and other health-related conditions can detract from your lifestyle while also potentially inflicting far-reaching financial repercussions. Blunting the potentially sharp impact of these situations should be a top priority, and a comprehensive and knowledgeable approach toward individual health insurance may often make this possible.

What is Individual Health Insurance?

In contrast to group health insurance plans, which your employer may often offer, you’ll be responsible for finding and maintaining your own coverage if you shop for an individual policy. These policies are often available through private insurers and the Health Insurance Marketplace and may offer various customizable coverage options.

What are the Benefits of Individual Plans?

Individual health insurance plans may offer certain advantages compared with other coverage options. For example, shopping for an individual or family health insurance policy can empower you to make personalized decisions according to your circumstances.

Coverage for rare conditions or specific needs may be more difficult to procure from group health plans, but exploring the market yourself can open more doors.

Additionally, selecting an individual health insurance plan can provide greater stability regarding your coverage. Group health insurance eligibility is typically tied to your employment status, meaning that you may lose your coverage if you’re terminated or choose to leave your job.

Additionally, if you’re forced to take unpaid leave or work as a contractor, you may not be eligible to enroll in group plans. Conversely, individual health policies can maintain reliable and consistent coverage throughout life’s twists and turns.

How are Rates Determined?

Your individual health insurance premiums may be influenced by various criteria, including the following:

  • Number of insureds
  • Location
  • Ages of insureds
  • Type of plan
  • Tobacco use habits

We’re Here for You

Contact Swift Kennedy & Associates, Inc. in DuBois, Pennsylvania, today to learn more about individual health plans and ensure you and your loved ones are suitably covered.

 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 

 

Categories: Health Insurance

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