Individual Coverage

Last Updated: January 24, 2017

Definition - What does Individual Coverage mean?

Individual coverage refers to insurance policies that only provide insurance for one individual instead of a group. Individual coverage often occurs in health insurance. Many employers offer group insurance, or health insurance to many of their employees. However, individuals who cannot get health insurance from their employers often purchase policies for themselves that provide individual coverage.

Insuranceopedia explains Individual Coverage

People who have group insurance often get money taken out of their paychecks every month to pay for insurance premiums. However, people who have individual coverage have do not. Instead, these people make their premium payments on their own. No matter if a person is receiving group insurance or individual insurance, he or she will still be able to choose from a variety of policies in most cases. In general, the more coverage a person wants, the more he or she will have to pay.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.