Insurance Center

The good news is that you don't have to gamble with your health by going without health insurance, even if you're just out of school, between jobs, working for yourself, working for a small employer, out of work or getting ready to retire.

There are numerous health insurance options available to individuals, but you do need to understand and evaluate them thoroughly based on your needs and those of your family.

Group health insurance is typically offered by employers or trade associations. You and your employer each pay a monthly premium to the insurance company, and the insurance company pays for some or all services when you go to the doctor. Premiums are generally considered affordable by most people because the cost is shared by the employer.

Individual health insurance is medical coverage you buy yourself, from the insurance company. You alone pay a monthly premium, and the insurance company pays for some or all health care services.

Short-term insurance also is called "temporary insurance" and is designed for transition times in your life. Short-term coverage is only appropriate when you know exactly how long you will need temporary health coverage. You buy short-term insurance from an insurance company and pay a monthly premium for health coverage, usually for periods ranging from one to six months.