Individual Health Insurance

With the growth of entrepreneurial endeavors insurance carriers are seeing a spike in the amount if individual health insurance policies they are offering. Individual health insurance is a policy that is purchased by a sole individual or family versus being a part of a large group or employer sponsored plan. These individual medical insurance plans are most often purchased by those who own their own businesses or whose employers do not offer group insurance as a part of their employment packages.

Finding the right individual health insurance plan for you and your family is imperative, but finding that policy at the right price is invaluable. After learning about some of the key findings that make up the costs of your individual policies, you can get your own personal health insurance quote, right here at OnlyInsuranceQuotes.com.

• Deductibles
  The deductible is the dollar amount that you are responsible to pay before the individual health insurance policy will step in and cover the rest. This amount can vary depending on the plan that you choose. Some people opt to have a higher deductible in order to save on the amount they pay each month in premiums. Some policies will not require a deductible while other plans can have deductibles that range from $500 to thousands of dollars.
  
  
• Premiums
  The premiums for individual health insurance plans are the amount that you pay each month to keep current with your insurance provider. This is the amount that personal health care insurance carriers are willing to take in exchange for the risk they take of covering your medical expenses. The best individual health insurance providers will find a premium that both works for you financially and fulfills your medical requirements.
  
  
• Co-payments
  Each time a medical visit, procedure, treatment, or stay occurs, a fixed fee, called a co-pay, is assessed. This amount usually ranges between $5-$25 for a regular visit and sometimes goes up to $50 for a visit to an Instant Care facility. This amount can often be applied toward the set yearly deductibles and some insurance carriers just require the co-pay in addition to the deductible. Make sure when selecting your personal health insurance carrier that you understand what is required of you financially.
  
  
• Co-insurance
  Co-insurance is a partnership between you and the insurance company. It is similar to a co-pay in that you are responsible to pay a certain amount when you visit a doctors office or medical facility. However, the amount you pay is listed in a percentage. A common co-insurance arrangement would be listed as something like, 80/20 or 90/10, meaning that the insurance provider will cover 80% or 90% of the medical expenses and you would be responsible for the remaining 20% or 10% respectively.

  Note: The term co-insurance is often mistaken for families with multiple insurance carriers or coverage plan. In cases like those, it is referred to as double coverage.

If you are between jobs, working for an employer that does not offer medical benefits or own or want to start your own business as a means of obtaining health insurance, individual policies are the way to go. Finding a low cost individual health insurance quote is much easier than you may think. By clicking on the form at the top of this page and simply filling in the information requested, you will be well on your way to finding affordable individual health insurance from a company that you can trust.