Individual Health Insurance Customized for You

Health Insurance Just for You

Individual health insurance is a plan you purchase for yourself. It covers medical, preventive, and sometimes prescription drug expenses. Individual plans are available through the Health Insurance Marketplace (ACA plans) or directly from insurance carriers (private plans).

When Individual Coverage Makes Sense

Individual health insurance is a good fit if you:

• Work for yourself or are self-employed
• Don't have access to employer coverage
• Are between jobs
• Prefer to choose your own coverage independently
• Want to supplement family coverage with additional protection

Types of Individual Plans

Individual health insurance comes in different types, each with different costs and coverage levels:

• Bronze Plans: Lower monthly premiums, higher out-of-pocket costs. Good for healthy people who don't expect much care.
• Silver Plans: Mid-range premiums and out-of-pocket costs. Most popular choice. Often qualify for subsidies.
• Gold Plans: Higher premiums, lower out-of-pocket costs. Better for people who expect regular healthcare.
• Platinum Plans: Highest premiums, lowest out-of-pocket costs. Maximum coverage.

Key Costs to Understand

Individual plans have several costs you should know:

• Premium: Your monthly bill for coverage
• Deductible: Amount you pay before insurance starts helping
• Copay: Fixed amount you pay for doctor visits or prescriptions
• Coinsurance: Percentage of costs you share with the insurer
• Out-of-pocket maximum: Highest amount you'll pay in a year

Financial Help Available

You may qualify for financial assistance on ACA marketplace plans if your income falls within certain ranges. Subsidies and tax credits can significantly reduce your monthly premium costs.

How to Get Started

Finding individual health insurance involves comparing plans, understanding coverage, and choosing the option that works best for your situation. Jordon Murphy Health can help you navigate your options and explain what each plan covers, so you can make an informed decision without pressure or confusion.