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Individual Health Insurance & Group Heath Insurance Coverage Kelso WA

If you buy health insurance individually, and you are self-employed, a significant percentage of your health premium should be tax-deductible. Read on and know more.

Thomas Doncaster
1020 N. Center Parkway #C
Kennewick, WA
Company
Title: Financial Advisor
Company: Independent Financial Group, LLC
Type
Investment Advisor Rep: Yes
Education
Columbia Basin College
The American College
The Academy of Financial Management
Years Experience
Years Experience: 24
Service
Health Care Insurance,Retirement Planning,Long-Term Health Care Planning,Retirement Income Distribution Planning,401k Rollover From Employer,Wealth Management,Annuities,Alternative Asset Class Planning,Estate Tax Planning,Fee-Only Comprehensive Financial Planning,Mortgage Refinancing,CD Alternative,Life Insurance,Investment & Portfolio Management,Business Succession & Liquidation Planning,Asset Protection Strategies & Planning,IRA, 401k, Roth IRA, QDRO Rollovers

Data Provided by:
Marsh USA Inc.
(206) 214-3000
1301 5th Ave
Seattle, WA
 
Golden View Terrace
(509) 773-7117
517 Sanders Way
Goldendale, WA
 
Nutu Financial Services, Inc.
(206) 792-7899
701 Fifth AvenueColumbia Tower
Seattle, WA
 
PacificEast Research Group
(800) 665-8400
PO Box 439
Sumas, WA
 
Neal Broidy, MBA
10900 NE 8th Street
Bellevue, WA
Company
Title: President
Company: Senior Financial Consultants, Inc
Service
Stock Market Alternative,Wealth Management,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicaid,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accum

Data Provided by:
Kindred Hospital Seattle
(206) 364-2050
10631 8th Ave. NE
Seattle, WA
 
Schuster, Earl - State Farm Insurance Agent
(425) 775-4664
22816 100th Avenue West
Edmonds, WA
 
Farmers Insurance Group
(425) 787-6677
11110 Mukilteo Speedway
Mukilteo, WA
 
Benzikry Michael & Associates
(206) 232-1080
9311 Se 36th St Ste 105
Mercer Island, WA
 
Data Provided by:

Individual Health Insurance & Group Heath Insurance Coverage

Provided By: 

What's the Difference between Group Health Insurance and Individual Health Insurance?

It's always you who is healthily insured (this includes your family, as long as you purchase the right coverage). However, you can be healthily insured as part of a group. This is group insurance. The advantage is that, as part of a group, the risk to the health insurance company is spread over the group. Normally, this means that you pay less than what you would pay for individual health insurance. That's why group health coverage is so popular.

So, with group health insurance you are still covered as an individual (or family), but the risk to the health insurance company is spread around the group. However, another reason, that health insurance is usually cheaper, is that a group guarantees the health insurance company more business. Anything that reduces their risk or increases the amount of money they collect in premiums means savings to you.

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Even for very tiny groups, group health insurance policies are often subject to different rules, are more competitive and offer lower prices than individual health insurance policies. As a member of a group, the health insurance company basically considers you 'pre-qualified' and that reduces their risk.

For instance, if you get health insurance through your job that means you are healthy enough to work. For a health insurance company, this is a big plus. They can afford to offer you a lower premium because you are less likely to cost them as much money. Unfortunately, if you are applying for health insurance on your own the health insurance company doesn't have that same assurance - and so the premiums you pay will reflect this.

So, it's well worth it to find a group - whether it is through an alumni association, a trade association or through a professional association. You can also consider the American Association of Retired Persons if you are over 50 and trying to get health insurance. They offer an excellent plan.

Note that even some credit card companies will offer health insurance group coverage.

If you have ...

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Washington State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: acupuncturist, AIDS/HIV testing/vaccine, alcohol/substance abuse, anti-psychotic drugs, audiologist, birthing center/midwife, breast reconstruction, cervical cancer/HPV screening, chiropodist, chiropractor, cleft lip and palate, colorectal cancer screeing, contraceptives, dental anesthesia, dentist, denturist, dependent coverage (including newborns, adopted children, dependent students/adults, disabled dependent adults, domestic partners, civil unions), diabetes self-management and supplies, emergency room service, facility (public or other), home health care, hospice care, HPV vaccine, licensed health professional, mammography, massage therapist, maternity (including minimum stay), mental health, naturopath, neurodevelopment therapy, nurse (including midwife, practitioner, anesthetist), off-label drug use, optometrist, orally administered anticancer medication, osteopath (D.O.), physical therapist, physician assistant, PKU/metabolic disorder, podiatrist, port wine stain elimination, prescription drugs, prostate cancer screening, psychologist, second surgical opinion, speech therapist, TMJ disorder

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