Individual Major Medical Health Insurance
Health insurance coverage may be offered either through an individual policy or a group policy with an employer group plan or other group affiliation. The primary insured person is the policyholder of an Individual plan and makes all decisions regarding the coverage chosen and changes made. However, under a group policy, the policyholder may be an employer, association or trustee while the insureds are the members of that employer or organization. Under group policies, the employer/association has the right to continue, terminate or request changes to the group plan without input or authorization from the individual employees or plan participants.
Through 2018, if you do not purchase insurance or do not have insurance for three months or more in a year, you may have to pay a penalty to the federal government when you file your next tax return. This penalty was eliminated as of 2019.
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