- Individual and family health insurance plans are privately owned and purchased through an insurance company. There are two types of health insurance plans available: Managed health care and indemnity health care plans.
- According to the U.S. Census Bureau, 201 million people were covered under a private health insurance plan in 2008, down from 202 million in 2007.
- Privately owned individual and family health plans can be modified to meet the needs of the policy holder. Unlike group health insurance, these plans can be kept if the insured moves or changes occupations.
- Health care premiums for privately owned individual and family plans are based on several factors considered by the insurer such as ages, genders, deductible amounts and family history.
- Insurers can deny individuals and families applying for privately owned health insurance if the risk of providing coverage is too high.
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