Today's health insurance market is broken into many segments. Some
are highly specialized in their coverage and others are more
comprehensive. The more comprehensive and inclusive the health
insurance the higher the premiums.
It is generally in your best interest to purchase group coverage
(through an employer) when available. Group coverage is generally
more comprehensive and group rates are generally lower because their
is strength in numbers. However, group plans are almost always
managed care programs and have lots of restrictions.
If group coverage is not available then you will have to purchase an
individual plan. Individual plans are medically underwritten and
there are no guarantees that an insurer will approve your
application. Premiums for individual policy holders are more in line
with their expected health care cost than in group coverage. That
means, the premiums will be higher for those who are older or less healthy.
Basic Types of Health Insurance
To obtain information and rates on any of the coverage types shown
above please visit our health insurance specialist site.