Although health insurance is one of the most commonly purchased types of insurance in the United States, plans come in many forms, and the details may vary significantly. When assessing your options, you should first identify how you may be able to acquire coverage, such as by weighing the following options:
Group health insurance—These plans may be made available by your employer or through another organization of which you are a member and may include several benefits, including lower premiums and reduced taxable income.
Individual health insurance—These arrangements are typically purchased from private insurers and may make it easier to customize your coverage to suit your needs, preferences and budget.
Public health care plans—These policies, such as those available through Medicare and Medicaid, are sponsored by government entities and may provide lower overall costs in exchange for reduced flexibility.