The title of Florida individual health insurance can be slightly misleading. This type of healthcare policy can refer to coverage for a single person, but it can also be coverage for an entire family.
It is named individual because the premiums apply to a single policy rather than a policy that is part of a group plan from an employer or government backed agency.
Agents selling this type of insurance in Florida must be licensed and regulated by the state. There are strict requirements that the insurance company must follow in order to be allowed to sell policies to state residents.
So, what are some of the reasons why you should consider purchasing a Florida individual health insurance policy? Primarily residents will seek coverage under this type of plan when insurance is not available through their employers.
Some consumers will take out an individual plan to supplement the coverage of a bare bones insurance policy that is provided by their workplace.
Those residents who are at least 65 years old and covered by Medicare may also choose to purchase an individual policy to provide more coverage for costly medical procedures and prescriptions drugs.
Those workers who are employed in seasonal positions and know there are times during the year when they will be unemployed and not covered by an employers policy can benefit from purchasing a separate Florida individual health insurance plan.
This type of coverage may fall into the category of temporary health insurance. While often not as comprehensive as other policies, the temporary plan can be quite cost effective and can be purchased in thirty day increments up to 6 months, often with renewal options.
When purchased from a reputable, licensed agency, a temporary policy can be considered creditable coverage in order to be able to obtain a more comprehensive long-term policy at a later date.
When you are at the stage of comparing different Florida individual health insurance policies, be sure to verify that the issuers are on the individual carrier list approved by the state.
Before you sign the policy, make certain you fully understand all the terms and limitations so that you will not enter into an agreement with faulty expectations.
After you have signed a policy, Florida law provides consumers with a ten day period in which they can terminate the agreement and receive a full refund for any premium amounts that have been paid.