Individual & Family insurance is a type of health insurance that provides coverage for a single person or a family, rather than a group of people. Individual & Family insurance plans are purchased by individuals and families directly from an insurance company, rather than through an employer or other organization.
Individual health insurance plans typically have higher premiums than group health insurance plans because the risk is concentrated on a smaller pool of people. However, individual plans may offer more flexibility in terms of coverage options and provider networks. Additionally, individual plans may be the only option for people who are self-employed, unemployed, or not eligible for group coverage.
Individual health insurance plans may be purchased through the health insurance marketplace established by the Affordable Care Act (ACA), or they may be purchased directly from an insurance company. ACA-compliant individual plans must meet certain minimum requirements for coverage and cannot discriminate against individuals with pre-existing conditions.
It’s important to carefully review the terms and conditions of an individual health insurance plan to determine if it meets your specific health care needs. Additionally, it’s important to understand the costs associated with the plan, including premiums, deductibles, co-pays, and out-of-pocket maximums.