Health Insurance for Individuals and Families

Not long ago, as part of “employment perks” it was not uncommon for an employer to offer health insurance. Many employers still do, offering to pay full or partial coverage, but that number is diminishing and the cost of group insurance has increased so much that employees often choose to opt out of the coverage when they are offered the option.

With the changing nature of the insurance world, more Americans are seeking personal coverage for themselves and their families. This is where we can help you.

Individual and Family health insurance has some advantages over employer based group coverage. First it's often less expensive. With group coverage, everyone shares the burden of rising costs due to the ill health of any member of the group. Individual insurance is based on you, your history and risk.

Individual insurance is portable. Those receiving their insurance through their jobs are vulnerable. They can lose that coverage if their employment terminates for any reason. Personal insurance is yours and remains yours no matter what your employment situation.

When shopping for individual and family health insurance there are certain terms and options you must keep in mind:

Know your “Deductible”, or how much you must spend out of our own pocket before your insurance plan kicks in.

“Co-insurance” is another term you must be familiar with. It refers to the portion, usually expressed in percentages of the remaining charges, which shall be the responsibility of the insurance company and that part which will remain yours.

The “Maximum out of Pocket” is the maximum amount you will have to pay for medical bills inclusive of the coinsurance.

“Co-Pay” is a flat fee you are responsible to pay for items in which the deductible does not apply. Examples are doctor visits and prescription drugs.

The adjustment and personalization of all of these thing and others will effect the cost and exposures of your coverage. It is our job to help you sort these out and create a health insurance plan that maximizes your benefits and limits your costs.

Give us a call and let us find the exact plan that is most suitable to your needs and budget.