Whether you need self-employed health insurance or another type of private health care plan, it’s important to understand the ideal candidates for individual insurance. Not everyone will benefit from this type of coverage; some individuals may find it more advantageous to choose a group plan if it is offered to them.
However, there are many people that can benefit tremendously from personal health insurance plans, such as those who do not qualify or have access to group plans.
You may consider enrolling in a private medical insurance plan if any of the following scenarios apply to you:
- You are self-employed. If you’re self-employed, health insurance is not offered to you from any employers.
- Your employer does not offer health insurance. The government requires all businesses with more than 50 employees to offer health coverage to at least 90 percent of their full-time workers. If you work for a small business that does not meet these criteria, you may not have access to employer-sponsored health care.
- Your employment status recently changed. If you previously had coverage through your employer and changed from full-time to part-time status, you may no longer qualify for coverage.
- You do not qualify for government-sponsored health care. Federal and state governments offer insurance plans to those who meet age and/or income criteria.
- Your spouse’s employer-sponsored health plan does not cover you. Employer-sponsored insurance usually provides coverage for dependents, but does not always extend coverage to spouses.
- You move or change jobs frequently. Individual health insurance may be ideal if you change careers often, saving you the hassle of dropping and adding employer-sponsored coverage. Personal health insurance allows you to keep the same coverage.
- You cannot afford your company’s health insurance. Although large businesses are legally required to offer insurance, they are not mandated to pay employees’ premiums. You may find individual health insurance to be more affordable for you and your family.
- You are not satisfied with your employer’s health plan. Private health insurance companies often let you customize your coverage options or choose a plan that works for you, while group plans typically come with pre-determined coverage.
- You are covered, but your family is not. You may be interested in getting private health care for your family if they are not covered by your group insurance plan.
If you think you are an ideal candidate for individual health insurance, you may be interested to learn more about the benefits of these types of plans. Continue reading the next slide to learn how private medical insurance can benefit you and how it compares to group insurance.