Individual and Family Health Insurance
About Individual and Family Health Insurance
Individual health insurance is health insurance coverage that a person buys independently. It can be sold to a single individual, to a parent and dependent children, or to a family. Most people get their health insurance coverage through an employer or through a government program, but five to six percent of the population purchases private health coverage on an individual basis. Each state separately regulates how individual policies may be marketed and sold.
In Oregon, individual insurance can be purchased through a licensed insurance agent or broker or directly through the insurance carrier. Because agents and brokers are paid by the carriers, you will not be charged a direct fee if you want to use the experience and services of a broker. Because a broker is appointed with many carriers, they can assist in finding the coverage that best suits your individual needs. Brokers also provide a service on the policies they have sold and can help process claims or help you understand your benefits.
Individual insurance differs from group insurance in that a health questionnaire is required for individual insurance and will need to go through an underwriting process. The application and health history is reviewed by underwriting and based on your age, health, height/weight ratios and prescription history, determines whether you will be approved or not.