There are Pros and Cons to buying individual health insurance versus accepting your employer group plan. In order for you to make an informative decision we will touch on some of the main pros and cons in this article. By reviewing these pros and cons you should be able to make a decision with confidence that you have thought through thoroughly.

It is no secret that health insurance rates are raising. So it is no surprise employers are not sharing as much cost for our group health insurance. They usually never cover our dependents. Dependent rates can be very high. And if they only cover a small portion of our coverage the rates are still unaffordable at times.

An individual insurance is based solely on you and your family instead of a group. What this means is that they look very closely at your health condition. If anyone in the family has a health condition it affects the outcome. Rates could increase, condition may not be covered or the insurance company could decline coverage for that individual.

This brings us to pre existing medical conditions. If you opt for the group policy they must accept you no matter your medical conditions. With an individual policy you go through an underwriting process which could ultimately end up with a decision to decline you if you have a declinable health condition. They also look at your weight as a means of accepting.

If it is freedom you like, than an individual plan is probably a good choice. They have many plans, many benefits and many customizable additions. You just pick and choose, find what suits your needs and get what you pay for. No more, no less.

How would you like to be told what benefits you will have, which providers you can see and how much your going to pay. With group insurance this is what you get. You do not get the freedom to decide these factors. You can not even add a dependent unless it is the right time of the year.

Individual allows for some innovative customization. You have the flexibility to add many benefits to one of the basic plans. You could add things such as dental, vision, maternity and even life insurance.

You have much thinking to do now. You have to decide what is important. You now have to tools to make a good decision. Don't sell yourself short or be locked out of a good thing. Your needs should be tops when making this decision.