What is the difference between group and individual health insurance?

There are key differences between individual and group health insurance policy schemes. Group medical insurance policies offer coverage to all employees of organizations or members of associations. Health insurance that is purchased on one’s own is individual health insurance.

Group coverage ensures that you get basic health coverage along with your other colleagues. You can get your premium deducted from your monthly pay check. In case of individual plans, you will have to buy them yourself and pay your premiums separately. You will also have to manage all your policy information, coverage and other benefits. Benefits may vary for group and individual insurance policies based on the number of employees covered under the former.