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Describe the difference between individual health insurance and employer-based health insurance.

Describe the difference between individual health insurance and employer-based health insurance.

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Answer #1

Difference between individual health insurance and employer based health Insurance are as follows-

A. There is protection when job is lost in case of individual health Insurance but there is no protection in case of employer based health insurance.

B. Choice of medical providers are limited in employee group insurance but it is not limited in individual health Insurance.

C. Protection when changing the jobs is limited in case of employee health Insurance but it is not limited in case of individual health Insurance.

D. Employee will be purchasing the plan in individual health Insurance whereas the employer will be purchasing the plan group health Insurance.

E. Group health Insurance are tax deductible where the individual health Insurance are tax deductible only if the health reimbursement plan is set up by the employer

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