What is Individual Health Insurance?Individual health insurance is a type of health coverage that a person purchases on their own, rather than receiving it through an employer, union, or government program. It is designed to help individuals and their families manage the costs of medical care, including doctor visits, hospital stays, prescription medications, preventive services, and other health-related expenses. This kind of insurance is particularly important for people who are self-employed, unemployed, working part-time without benefits, or retiring early before becoming eligible for Medicare. Unlike group insurance plans, individual health insurance policies are tailored to the specific needs and budgets of the buyer, with a range of coverage levels, deductibles, premiums, and provider networks available. These plans can be purchased through private insurance companies, insurance brokers, or government-run marketplaces such as Healthcare.gov in the United States. Premiums are paid entirely by the individual or family purchasing the plan, and coverage is typically renewed annually. In many countries, including the U.S., individual health insurance must comply with government regulations that ensure a minimum level of essential health benefits and prohibit denial of coverage due to pre-existing conditions. Overall, individual health insurance provides critical financial protection and access to necessary healthcare services for those who do not have coverage through other means.
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