Can I Buy an Individual Policy?
Yes, any individual or family member can purchase individual insurance policies. If you are self-employed, full- or part-time student, or simply looking for affordable coverage, an individual/family policy might be the right fit for you.
Positives and Negatives of Owning an Individual Insurance Policy
Positives
- Able to customize the plan to fit your needs
- Portability
- Rates can be very affordable compared to group rates
- Choose from many plan options (HMO / PPO / POS / Health Savings Account)
- Medical, Dental, Life and Disability options
- Major Carriers are regulated by the State of Florida Insurance Commissioner
- Individual/Family plans can be tax deductible for the self-employed
Negatives
- Rates are based on Age, Gender and Residing Zip Code
- All applicants are medically underwritten
- From the medical questionnaire the Carrier’s final determination can be a rejection, rider attached, a rate up or acceptance
- Maternity is usually not covered by most plans