Basically as the name suggests an individual health insurance policy is one in which
an individual get the whole coverage for his or her medical expenses, the insurance policy is granted based on the prior history of an individual. For an individual who is either unemployed or self employed only an individual health insurance policy is the only way out to fetch all the medical bills in any miss happening in the near future. One can get an individual health insurance policy just by filling an offer from and getting himself or herself examined by a doctor which is recommended by the company. Having poor health or being healthy can make the cost of the insurance plan to be really very costly. And if you had poor health even in your past even then the health insurance policy is going to be really very costly. In number of cases when a person has poor health is usually denied from the enrolment to any health insurance policy. And number of times we have seen so many people who had poor health but got an insurance policy for their health but on great expense.
Group health insurance policy is the form of insurance policy which is taken and provided by the employer of an individual and the rates of the group health insurance policies are much more affordable because of the fact that in the group health insurance a big group of people get insured rather than an individual. The premium of such groups health insurance policies are basically divided into two parts one mart is major part includes most of the amount of the premium and the other part is minor part which covers a little of the premium. The major part is usually paid by the employer where as the minor part is deducted from the salaries of the employees or individual working in that company. Although when an individual applies for an individual health insurance policy he or she can be denied from getting the policy but this is not possible in case of group health insurance policy because they are not supposed to discriminate the employees of the same company or the individuals who had previous health issues or risks.
The individual insurance is quiet flexible but group health insurance policy has to be accepted in the way it has been provided by the employer.