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Buying An Individual Health Insurance in Virginia

Individual insurance is a type of coverage that can be purchased independently of a group. A policy that is individual can be purchased by an older adult who is not married, an individual who is self-employed or an employee of small businesses. A young adult may also be eligible for individual coverage if they are no longer eligible under their parent's plan.

There are many options available to get the top individual health insurance in Virginia. The majority of people choose a Health Maintenance Organization, a Preferred Provider Organization or (PPO), a Health Savings Account or a Fee for Service plan (FFS). An HMO provides access to a limited number of healthcare providers and is an affordable option. 

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While a PPO is more expensive, it allows you to choose from more healthcare providers. The HSA is a tax-free savings account that allows you to save money for medical expenses. FFS plans offer traditional coverage. You pay upfront for your health care and the insurance company reimburses.

State regulations govern how individual health care policies can be marketed and sold. These types of insurance companies don't have large pools to spread risk so the benefits aren't as broad as a group plan. An individual plan may not include substance abuse treatment. 

Many insurance companies offer policyholders the opportunity to purchase a rider that provides additional benefits. The most popular forms of add-on coverage are vision, prescription, and maternity coverage. A broker or licensed agent can help you purchase individual insurance coverage. 

Independent brokers will often be able to find you the best coverage for your health needs. Independent brokers are often able to sell insurance for multiple companies and have access to more plans. The commission paid by the broker is paid by the insurance company.