Individual Medical Insurance
(Limited-Benefit Medical Insurance)
Limited-benefit medical insurance plans are plans with more restricted benefits than major medical insurance, but with lower premiums. These plans are intended to provide you and or your dependents with basic medical coverage for specified diseases and medical conditions, as well as accidental injuries. Coverage is capped at specific amounts for specific types of services. Individual health plans present a good value for healthy individuals because of the lower cost for coverage.
*** When considering a limited-benefit medical plan, it is important to keep in mind that these types of plans do not meet the requirements of the Affordable Care Act (ACA). Pre-existing conditions will either not be covered altogether or will be subject to a one year waiting period.