What is individual and family health insuarrance?

marineli5141

I am planning to have family health insurance in these days but I want to understand the basic difference between individual and family health insurance.

Please help me out..

InsideInsurance

Private Medical Insurance can be bought for all the family as a group of individual policies or it can be bought on a single policy that covers "the family".

Family options often cover "all" your children and so if you have more than one kid it may well be a cheaper option.

The only downside to a Family policy is that if one of you does become ill or such and it drives the premiums up too high to continue cover for that family member then getting new individual policies could be a problem if any of you have pre-existing conditions where as with individual policies you'd simply terminate that one and leave the others running.

specialistpmi

As it sounds, individual will insurer yourself & maybe a partner, family insurance will cover a raft of dependants.

marineli5141

InsideInsurance wrote: »

Private Medical Insurance can be bought for all the family as a group of individual policies or it can be bought on a single policy that covers "the family".

Family options often cover "all" your children and so if you have more than one kid it may well be a cheaper option.

The only downside to a Family policy is that if one of you does become ill or such and it drives the premiums up too high to continue cover for that family member then getting new individual policies could be a problem if any of you have pre-existing conditions where as with individual policies you'd simply terminate that one and leave the others running.

Thanks for your suggestion. Is there any restrictions that only 5 members are add or we can add more members also? I mean there is any limitations of members..