Individual Health Insurance Plans

Increasing Demand Means More Plan Options

Due to the slowdown in the issuance of group insurance policies the Insurance companies are investigating additional coverage they can offer. Insurance Companies are finding there is an increasing market demand for individual medical insurance coverage.

These Individual plans target the escalating pool of working uninsured, self-employed, students, recent college graduates, early retirees, and people between jobs.

The U.S. Census Bureau reported that 9.3% of the total insured are covered  by plans purchased directly by an individual.  The plans varied and included the range of HMOs, PPOs, POS, and Fee-for-Service plans.

Most of these individual plans  had only basic coverage. However, expect with growth in small businesses, part-time employees, layoffs and slowdowns, these plans will rise in 2006. Watch for a variety of options on the horizon