Health Insurance Online
Phone Icon
Call now to speak with a Licensed agent (866) 954-1892

Insurance Type:

Hassle-Free Health Coverage: Individual Vs. Group Policy

Health coverage is usually available on an individual or group basis. Group coverage -- typically what most people have -- is somewhat cheaper than individual coverage.

You can get group coverage through your employer, but unions, professional associations, and other organizations also offer the coverage.

Your employer may choose to assume some or all of the costs of your premium -- usually lower due to lower administration costs for large groups -- or he could choose to deduct it from your pay.

To save even a little more money, your employer might want to set aside a sum of money in a secured account to pay for your health care costs when they arise. This type of plan is referred to as a self-funded plan.

Google Plus One