When deciding to purchase health insurance, doing so individually or through your employer isn’t always the easiest decision to make. That’s why in many cases, people seek out the opinion of an expert individual and group health insurance agent. By doing so, you’ll be able to weigh all of your options and select the best plan for you.
Good and Associates know selecting a health plan can be tough, so they’ve collected some important information here to help you make an informed decision.
Key Differences Between Group & Individual Health Insurance Plans
Group Insurance Often has Lower Rates
One of the key differences between group and individual health care insurance is that group insurance rates are often lower. This is because the larger a business is, the cheaper their premiums; this often trickles down to their employees. Group plans may offer lower co-pays and more services. But this isn’t always the case, so working with a health insurance agent during the selection process is key. An individual or group health insurance agent can also help determine whether you have unique needs that your employer may not cover.
Individuals Must Qualify
Another important factor to consider when choosing between individual and group health insurance plans is that as an individual, you’ll first have to qualify for a plan. This can complicate things for those suffering from prior conditions, or other health issues. Insurance companies also factor in things like age and income into their decision whether to approve or deny your application. You’ll also need to take a health test before potential insurance agencies review it.
Contact us for group and individual health care insurance today!
If you want to know more information about the ins and outs of individual and group health insurance, speaking to one of the agents at Good and Associates is essential. In addition to group and individual plans, we also specialize in life insurance and dental, so visit our website for a complete list of services.