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Unemployed and self-employed individuals are the ones who are provided with the individual health insurance plans. However, there are occasions in which people opt to avail of such individual coverage in spite of their companies providing them with cover. The individual plans for insurance do not actually mean the cover provided to a single person. This actually means that your employer or company will not be paying any kind of part payment for the insurance cover premium. If there are people who pay the full amount of premium for covering of family plans, then even such plans are considered as individual plans for health insurance. However, the rate at which such plans are sold to the individuals are quite higher than the group insurance policies or plans. This difference is widely because, in the group plans, the organizations or companies purchase the plans in bulk from the insurance providers and then pay some part of the premium on behalf of their employees. The benefits or options offered by both the group plans and the individual health insurance plans are quite similar. The individuals need to select the plans that suit their needs and requirements. For the people who elect for the group insurance policies, the insurance companies provide substantial discounts on the premiums and some comprehensive insurance policies. People however need to keep a very important point in mind that the group plans provide cover to the individuals only until they stay with the company or job. If the individual is laid off, or leaves the job for some reason, then he or she cannot avail of the benefits under the group insurance policy any further. This is when such people understand that individual plans for insurance are quite expensive than the group options. However, when someone is not working or is a self-employed individual, then the option of individual health insurance is best suited for his or her needs. The individual plans require the filling of an application on part of the applicant in need of insurance cover. This is then scrutinized by the underwriter of the insurance company in terms of the medical history, presence of other insurance plans, family health history and such other things. The underwriter then comes to a final conclusion about the amount to be insured for the particular individual. This can sometimes be quite hectic, but you need to remember that insurance is very important for everyone, and taking some time off for these formalities is worth the effort in the long run. For more information about Health Insurance Texas, please visit www.individualhealthinsurance.net
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