Overview of types of health insurance coverage

Simply put, health insurance is protection against medical costs. Without it, your safety and the safety of your family could be jeopardized as many qualified health care providers will not treat you without health insurance. Health care can be very costly - a prolonged illness or serious injury can put tremendous financial strain on a family without insurance.

A health insurance policy is a contract between an insurer and an individual or group, in which the insurer agrees to provide specified health insurance at an agreed-upon price (the premium). Depending on your policy, your premium may be payable either in a lump sum or in installments.

Health insurance usually provides either direct payment or reimbursement for expenses associated with illnesses and injuries. The cost and range of protection provided by your health insurance will depend on your insurance provider and the particular policy you purchase. When reviewing policy options, it might be helpful to understand terms commonly used by health care providers.

Depending on your situation, various types of health insurance plans may be appropriate.

Individual health insurance is bought by the insured directly, and is a great option if you are self-employed or if your employer does not offer a health insurance plan for you and your dependents. If you are interested in getting an individual and/or family health insurance quote, Click here to receive a free instant online quote.

Short term medical is a good option to those who are temporarily without group health insurance. Since the majority of people seeking individual health insurance need it as a temporary remedy, we highly recommend short term medical insurance as an effective alternative. Short term medical can protect you if you are between jobs, waiting for employer group coverage, a temporary employee and other similar circumstances. It is often reasonably priced and offers coverage for a period of about one to six months. Click here to learn more.

Group insurance is usually purchased by an employer or an association as a benefit supplied to employees or members. Click here to learn more and complete our no-obligation group insurance quote form.