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Individual Health Insurance & Group Heath Insurance Coverage Naperville IL

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.

Steve Visser
OnPath Naperville Office
Naperville, IL
Company
Title: Partner & Branch Manager
Company: OnPath Financial, LLC
Type
Investment Advisor Rep: Yes
Education
Calvin College: Grand Rapids MI
Double Major: Business/Finance & Chemistry
Years Experience
Years Experience: 11
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Ris

Data Provided by:
Timothy Frisby
210 W. 22nd St. Suite 137
Oak Brook, IL
Company
Title: Principal
Company: WealthCare Consultants
Type
Registered Investor: Yes
Education
Marquette BS
Years Experience
Years Experience: 20
Service
Retirement Planning,Long-Term Health Care Planning,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Fee-Only Comprehensive Financial Planning,Captive Insurance,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Annuities,Alternative Asset Class Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee Only Portfolio Management,Wealth Engineering,401k Rollover From Employer,Inc

Data Provided by:
group health insurance small business
(847) 885-4188
2041 Raintree Rd
Yorkville, IL
 
Robert Field
8440 Callie Ave. Unit 111
Morton Grove, IL
Company
Title: President
Company: ACCI Financial Services
Type
Investment Advisor Rep: Yes
Education
Indiana University - BS Accounting
Years Experience
Years Experience: 37
Service
Medicaid,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,Medicare Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Individual Income Tax Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission

Data Provided by:
Timothy Frisby
210 W. 22nd St. Suite 137
Oak Brook, IL
Company
Title: Principal
Company: WealthCare Consultants
Type
Registered Investor: Yes
Education
Marquette BS
Years Experience
Years Experience: 20
Service
Retirement Planning,Long-Term Health Care Planning,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Fee-Only Comprehensive Financial Planning,Captive Insurance,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Annuities,Alternative Asset Class Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee Only Portfolio Management,Wealth Engineering,401k Rollover From Employer,Inc

Data Provided by:
Thomas Inks
1127 Adelia Street
Downers Grove, IL
Service
IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Disability Insurance,Annuities,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Retirement Income Distribution Planning,Business Income Tax Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Life Insurance,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Plan

Data Provided by:
Ameriplan USA
(630) 913-9663
1011 oak st
sugar grove, IL
 
Robert Pivar
9 Foxtail Lane
Riverwoods, IL
Company
Company: PIVAR FINANCIL SERVICES
Type
Registered Investor: Yes
Education
University Of Wisconsin
BS L & S
Years Experience
Years Experience: 50+
Service
Hourly Financial Planning Engagements,Portfolio Engineering,High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Captive Insurance,Life Settlements,401k Rollover From Employer,Income for Life/ Preserve Principal,We

Data Provided by:
Steve Visser
OnPath Naperville Office
Naperville, IL
Company
Title: Partner & Branch Manager
Company: OnPath Financial, LLC
Type
Investment Advisor Rep: Yes
Education
Calvin College: Grand Rapids MI
Double Major: Business/Finance & Chemistry
Years Experience
Years Experience: 11
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Ris

Data Provided by:
Thomas Inks
1127 Adelia Street
Downers Grove, IL
Service
IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Disability Insurance,Annuities,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Retirement Income Distribution Planning,Business Income Tax Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Life Insurance,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Plan

Data Provided by:
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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Illinois State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: AIDS/HIV Testing , alcohol/substance abuse treatment , audiologist , autism , bone mass measurement , breast reconstruction , cancer clinical trial , cancer pain medication therapies , cervical cancer/HPV screening , chiropractor , colorectal cancer screening , contraceptives , dental anesthesia , dependent coverage (including newborns, adopted children, dependent/student adults, disabled dependent adults) , diabetes (self-management and supplies) , emergency room service , family therapist , habilitative service for congenital or genetic defect , HPV Vaccine , infertility services , in vitro fertilization , mammography , marriage therapist , mastectomy (including minimum stay) , maternity minimum stay , mental health , morbid obesity treatment , off-label drug use , orthotics , osteopath (D.O.) , ovarian cancer screening , podiatrist , prescription inhalant , professional counselor , prostate cancer screening , prosthetics , psychologist , shingles (herpes zoster) vaccine , social worker , speech therapist , TMJ disorder

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