Choosing a health plan from amongst the many individual and family health insurance plans is no easy task. Insura-Plans offers free medical insurance quotes, but we also believe that to compare health insurance plans, a customer should know the basics of health insurance. There is no “best” health plan, but there is a best health plan for you. Whether you are looking for health plans for the self employed or for family health plans, there are four basic types of health insurance plans.
Individual and Family Health Insurance plans are contracts between you and your insurance agency that provide exactly the benefits you specify for you or your family. This is an affordable health plan because you pay only for the benefits you want or need, but you pay the full premium. This is often the best health plan for the self employed.
Short Term Health Insurance plans are comparable to individual and family health plans, but are only temporary insurance. The insurance company provides affordable medical insurance for short periods of time.
Group Health Insurance plans are purchased in bulk by a company as an employee benefit. The purchase of a common plan with predetermined benefits keeps the premiums down. Companies often pay some part of the premium.
Student Health Insurance plans are nearly identical to group health insurance plans, but instead of being offered through a company to employees, they are offered through a college or university to its students. As the premiums are often bundled with tuition, many students believe this is “free” medical insurance.
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