GoHealthInsurance.com Discusses Individual Health Insurance Versus Group Health Insurance
Wednesday, December 15, 2021 10:45 AM

Related Stories

There Are Many Differences Between Group and Individual Health Insurance -- Good and Bad -- and GoHealthInsurance.com Works to Decipher These for Consumers

CHICAGO, IL -- (Marketwire) -- 12/15/10 -- GoHealthInsurance.com, an affordable health insurance exchange for groups and individuals, compares and contrasts the features of individual and group health insurance.

Group Health Insurance

Advantages: Group health insurance plans are great because employers typically pick up a portion of premium costs. Consumers also don't have to research and pick new plans, networks or rates. Employees are also guaranteed coverage through the employer and can add dependents to the policy.

Disadvantages: The downside of group health plans are their one-size-fits-all adaptation. Employers offer few or no options for employees to choose, which denies employees coverage customizations. Some employers do not offer additional benefits such as medical savings accounts which are designed to help people save extra money for health care services. Group plans also depends on active employment, so those who change jobs or leave their employer will lose coverage.

Individual Health Insurance

Advantages: Consumers can easily compare health insurance plans online and find a plan that fits their health care needs and budget. Individuals can add dependents and find coverage for the whole family. If premiums start getting high for a plan, consumers can easily compare new plans with lower premiums.

Individual health insurance plans are completely portable so individuals don't have to worry about keeping or switching jobs because of their health care benefits. These plans are also customizable so individuals can choose what benefits they want or don't want in a plan.

Disadvantages: Individuals that have pre-existing conditions are typically denied coverage on the individual market. Some states already have protections for consumers but in 2014 everyone will be guaranteed coverage.

With individual plans, there aren't typically employers contributing to the cost of the plan.

Consumers can learn more and compare instant health insurance quotes online at www.GoHealthInsurance.com.

About GoHealthInsurance
GoHealthInsurance.com makes buying health insurance simple. GoHealthInsurance explains health coverage options in plain English, provides free health insurance quotes, connects shoppers with local agents, and helps consumers choose plans that meet their health and budget needs.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Michael Mahoney
Email Contact

(Source: Market Wire )
(Source: Quotemedia)


Symbol :


Market news:

  • Wallace helps Bobcats hold off Bulls 83-82 Jan 19, 2022 04:02 AM

    • CHICAGO - D.J. Augustin scored 15 points, Gerald Wallace had 13 points and 16 rebounds and the Charlotte Bobcats held off the Chicago Bulls 83-82 on Tuesday night.
    • Boris Diaw and Stephen Jackson added 12 points apiece to help the Bobcats snap a three-game losing streak, with their last win coming at home against the Bulls last Wednesday.
    • Derrick Rose scored 33 points to lead Chicago, but missed a shot at the buzzer.
      • GOP spending cuts would affect millions of people Jan 19, 2022 04:01 AM

        • WASHINGTON - Low-income students may get smaller grants and the newly disabled might have to wait longer for their benefits.
        • Republicans are finding it's one thing to issue a blanket promise to cut spending, an entirely different matter when you actually take the scissors to $1 of every $6 spent by agencies like the IRS, the FBI, NASA and the National Park Service.
        • That's the real-world impact of House Republicans' campaign promise to cut $100 billion from the budgets of domestic agencies.
          • Vatican warned Irish bishops not to report abuse Jan 19, 2022 04:01 AM

            • DUBLIN - A 1997 letter from the Vatican warned Ireland's Catholic bishops not to report all suspected child-abuse cases to police - a disclosure that victims' groups described as "the smoking gun" needed to show that the church enforced a worldwide culture of covering up crimes by pedophile priests.
            • The newly revealed letter, obtained by Irish broadcasters RTE and provided to The Associated Press, documents the Vatican's rejection of a 1996 Irish church initiative to begin helping police identify pedophile priests following Ireland's first wave of publicly disclosed lawsuits.
            • The letter undermines persistent Vatican claims, particularly when seeking to defend itself in U.S. lawsuits, that Rome never instructed local bishops to withhold evidence or suspicion of crimes from police.
              • Rising rivers swamp another Australian town Jan 19, 2022 04:01 AM

                • MELBOURNE, Australia - Authorities told townspeople in Australia's southeast to flee homes with three days of supplies Wednesday as a surging river threatened another community in a flooding crisis that has devastated the country's mining industry.
                • The flooding in Victoria follows weeks of massive flooding in northeastern Queensland, which swamped two-thirds of the giant state, paralyzed several mines and left 30 people dead.
                • Elsewhere in Queensland, authorities gave several of the state's waterlogged coal mines special exemptions to environmental rules so they could pump water out into their already-flooded surroundings.
                  • AP Exclusive: Insurers profit on Medicare float Jan 19, 2022 04:01 AM

                    • WASHINGTON - Private health insurance plans catering to Medicare recipients are making millions by taking money the government sends in advance - but isn't immediately needed - and using it to make investments, federal investigators say in a report obtained by The Associated Press.
                    • In financial parlance, it's called "playing the float."
                    • An audit by the Health and Human Services inspector general's office estimates that private Medicare Advantage plans collected $376 million from investment income on advance payments from the government in 2007, the latest year available.

                      More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
samXXXXX JCI$0.54
brobbrinc INTC$0.53
brobbrinc RIMM$1.64