A Texas health insurance individual plan is purchased by you directly from the insurance company. Whereas, with a group health insurance plan, the group is insured and the insurance company contracts within the group. Insurance credentials, issued to a participating member, act as your policy. Often group health insurance costs less than if the insurance company sold individual policies to all members separately. In addition, group health insurance sometimes holds special coverage’s that are not obtainable (or are very costly) on an individual basis. The purchasing power of the group makes this reasonably feasible.
You are here: / / What is the main difference between group and individual health insurance coverage?