Individual Health Insurance
Individual or family health insurance is also commonly known as personal health insurance. Family health insurance is where you, your spouse and your children are all included in the same plan. Someone who is self-employed or his/her employer does not provide insurance benefits to the employees, this type of policy can be purchased for oneself and the family.
The qualifications and regulations of this policy vary from one insurance company to another, the difference is that the health plans available to individuals and families are not guaranteed issued. This means that if you have pre-existing medical condition the private health insurance company may turn you down for coverage, or they may approve you for medical insurance coverage but exclude benefits for treatments of your pre-existing condition.
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Many College Graduates Can Now Stay On Parent’s Health Insurance Plan
The new healthcare reform law requires health insurers to cover adult dependent children until the age of 27. According to the new regulations, they should make that option available to young adults out of college and their families for the first plan year on or after September 23rd.
That is all well and good, but what about this spring’s graduating class? The Class of 2010 would experience a gap in coverage, which can be very problematic. Fortunately, many major health insurance plans are already taking steps to prevent that. They have agreed to extend their coverage in advance. Blue Cross Blue Shield (in several states), Humana, and WellPoint are among those taking part.
Tags: blue cross blue shield, college graduates, family health insurance, health insurance companies, health insurance plan, health insurance plans, health insurance providers, health insurers, healthcare reform, large corporations