Individual & Family Health Insurance
Individual health insurance is simply healthcare insurance coverage that you purchase for yourself or your family (as opposed to health insurance provided by an employer). Whether you are self-employed, between jobs or work for a company that does not offer a plan that meets you or your family’s needs, individual health insurance plans enable you to make sure you and your loved ones are covered for those unforeseen medical expenses. There are a variety of plans available that will help you meet your specific financial and benefit level requirements.
Multiple Levels of Coverage:
Other than catastrophic coverage, which is a plan limited to those with a financial hardship or are under the age of 30, there are four main levels of coverage: bronze, silver, gold, and platinum. The metals make it easy to remember the different types of coverage available: bronze has the least expensive premiums, while platinum has the most expensive. However, the more you pay for the premiums, the less you will have to pay for out of pocket costs like deductibles, copays and coinsurance. Bronze plans pay for 60% of expenses, silver 70%, gold 80% and platinum 90%.