Individual health insurance is the health insurance offered to an individual. Majority insurance companies offer policies on an individual basis. Several of the more common types of policies include:
Major Medical - for doctor visits, surgery and hospitalization or ongoing illnesses provides coverage.
Hospital and Surgery - provides coverage solely related to hospital stays and surgical services, such as room and board, laboratory tests, X-rays, plus doctors' charges
Hospital Confinement Indemnity - a policy intended to
pay a set amount (an indemnity) for each day you are an "in-patient"
at a hospital.
Health Maintenance Organizations (HMOs) - centralized service provider,
commonly with a general practitioner (limited selection of participating
doctors) in addition to coverage by specialists upon referral.
Visits by
doctor, surgery, hospitalization, and often reduced-rate prescription medicine
are provided. May also cover preventive care, often not included in major
medical policies.
Specified Disease (also called "Dread Disease") - covers costs related
to a single disease, such as cancer, AIDS, heart attack, etc.
Short-Term - Naturally a major medical policy but with coverage lasting
only for a specified length of time. Might be purchased to cover the time you
are between jobs.
Accident Only - provides coverage for doctor visits, surgery, and
hospitalization resulting from an accident (no coverage for disease or
illness).
Dental - For costs associated with dentists and orthodontists provides
coverage.
Vision - for sight correction provides coverage.
Home-Health Care - To enable you to remain in your home while receiving services
care provided, which can range from assisted living (help around the house) to
around-the clock nursing with other health care providers on call.
Long -Term Care - coverage provided to individuals who otherwise would
not be able to look after themselves. Various services from delivery of
prepared meals, assistance with managing the residence, to stays in residential
facilities. Often associated with long-term illness and the elderly.
Limited - Benefit - not very common, a bare-bones type of coverage intended
to cover specific situations.
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