Individual Health Insurance Plans: 7 Essential Facts

Over the last few decades, health concerns have increased due to unhealthy lifestyle choices, sedentary living, and a range of other factors. With increasing costs of healthcare services, managing medical exigencies can dent your finances. Hence, many people opt for health insurance plans that offer financial coverage for various medical expenses.

When you decide to buy a medical insurance plan, you need to ensure that you are aware of your insurance needs so that you can find the perfect health insurance plan. You can compare health insurance providers and plans online to find the best option for your needs. There are different types of health insurance plans available including:

Today, we will talk about individual health plans and share seven essential facts about them.

What is Individual Insurance?

Insurance providers offer individual health care coverage for a single policyholder. You cannot include another person under these policies.

7 Essential Facts of Health Care Plans For Individuals

Here are some essential facts that you need to know about individual health coverage:

●        Highly Customizable

Since you are the sole policyholder, you can customise the policy based on your unique needs. This is not possible with other health insurance policies like Group Insurance or Family Floater Insurance.

●        Easy to switch insurers

Individual health insurance plans are easily portable. If you are dissatisfied with the services offered by your existing insurance provider, you can switch to another one in a hassle-free manner. The best part is that you can switch insurers without losing out on the accumulated benefits.

●        Various add-ons available

Most insurers offer add-on covers with individual medical insurance plans to help you boost the scope and extent of the coverage. Hence, you can get the protection you need. However, add-on covers cost money. Hence, make sure that you assess your insurance needs before opting for them.

●        You control the costs

In a Group Health Insurance or Family Floater plan, you have no control over the premium of the policy since the insurer offers coverage to multiple people. On the other hand, when you opt for an individual health insurance policy, you can choose a plan based on your budget.

●        Fixed sum insured

When you opt for a family floater policy, the sum insured is shared between other members of your family. Hence, the amount available to you will depend on how much the other members have used. However, when you opt for an individual health insurance plan, the sum insured is dedicated to you.

●        Free annual health check-ups

Usually, individual health insurance plans offer free annual health check-ups for the insured person. This can help you stay on top of your health condition and identify diseases in their early stages and get the required treatment.

●        Free assessment period

Many insurers offer a free assessment period so that you can understand the inclusions, exclusions, and terms and conditions of the policy and determine if you want to continue using it. If not, you can cancel the policy and get a full refund. Make sure that you understand the terms of the free assessment period before making the purchase.


Today, buying a health insurance policy is easy since most insurance providers offer policies online. All you need to do is visit the website of the insurer, look at different plans and choose the one that best suits your needs. Make sure you choose the right type of health insurance policy and add-on covers to get the best protection against medical emergencies.