Individual Policies vs Group Policies
Group policies are usually health plans that are provided to a large group of people (such as through an employer), typically at a reduced rate. Employers may choose to cover all or part of the insurance premium for their employees and their dependents; however, they are not required to do so. This coverage ends upon your termination or voluntary end of employment with the company providing the Group Health plan, although continuation of coverage may be offered through COBRA (see below).
Individual policies are when a person goes outside of their employer, or insurance is not offered by their employer, to obtain Health insurance coverage. You may be responsible for a higher premium with an individual policy; however, you may find more favorable terms or benefits for your health needs.
To find the best policy, consult with a Health insurance agent or broker who will help you find the contract that gives you the most for your money.