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Individual Health
Individual Health Insurance Plans are plans designed to protect Individuals and Families from unforseen medical costs. As opposed to Group Insurance where you can qualify to participate in the Health Plan regardless of pre-existing medical conditions, you must be able to meet the Health Underwriting Guidelines established by the Insurance Company to qualify for an Individual Health Plan. Because of these requirements, an Individual Health Plan is not for everyone. However, if you are able to meet the Insurance Company's Underwriting Standards, Individual Health Plans can have many advantages over a Group Plan.
- Flexibility: As opposed to most Group Plans which require you to accept the plan's benefits determind by the Group or Employer, you can design an Individual Plan to fit your specific needs. This ability to customize assures that your plan works the way YOU want it to.
- Portability: A Group Health Insurance Plan belongs to the Employer, which means if you cease your employment relationship, you may lose your Health Benefits. This may also restrict your future employment options, particularly in an economy in which employer sponsored health programs are becoming less and less common. Since an Individual Health Plan belongs to you, you cannot lose your health coverage unless you decide you no longer want to keep it. Ownership gives you security.
- Price: Since the Insurance Company can exclude Individuals based on health, thereby limiting their risk, Individual Health Plans are typically much less expensive than most Group Plans. This helps you control your costs, which is becoming more important in an economy where Health Insurance premiums continue to escalate.
At CBI Agency, we specialize in providing Individual Health Plans through several leading national insurance companies. Each company is highly financially rated and offer some of the most comprehensive, affordable plans on the market. Some of the Companies we proudly represent are:
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