What’s a better solution: Individual Health Insurance or Group Health Insurance?
This might sound like a tough question or you may be under the impression that the answer is Group Health Insurance, but the reality is that if you are under Medicare age and relatively healthy, you are probably better off with individual health insurance.
The reason for this is that individual health insurance is portable to you. This means that you will not lose it once you leave your employer. It is independent of your employer. Also, it is probably going to be cheaper than your employer’s health insurance. Even just counting on the amount you contribute.
It is true that you can attain high quality affordable health insurance on an individual basis. You simply need to know where to look and who to trust enough to guide you in the process.
Employer health insurance is restricted to obviously you being employed with the employer. Also, the plan includes whatever the employer wanted to include and wanted to contribute with certain restrictions.
Today there are many more options, even some that allow you to receive tax benefits for purchasing individual health insurance. This is only fair, since employers receive tax benefits for purchasing health insurance.
Whether you are an employee, self employed, or unemployed, individual health insurance is probably a better option than traditional group health insurance coverage.
Do yourself and your family a big favor and consult with a trusted and qualified health insurance agent.