Individual health insurance is meant for only one individual, or family. Individual plans are more expensive as compared to group insurance. While you apply for health insurance you will be judged from a health point of view. You will be asked various questions about your current and past health history.
The purpose of evaluating you from health point is to make sure to which health plan you fit most. In general, individual plans fall under managed health care plans. Under this, you can opt for an HMO, PPO, or POS plan. If you become sick then health insurance will take care. If you continue to pay your insurance premium, coverage continues.
Group insurance is also a better option, since it is usually less expensive than individual insurance. However, individual coverage is ultimately better than being uninsured in the event of illness or injury. If you are thinking you can do without health insurance, you are taking a major risk if you choose not to get coverage. An unexpected illness or serious injury can put you and your family under financial stress.
In a group insurance situation, the provisions of the policy are negotiated between the insurer and master policy owner (usually an employer or association). With individual insurance, you are directly in control of your policy. You can negotiate to have certain provisions included or excluded, and you can often choose your deductible amount and co-payment percentage. Keep in mind, however, that these things will have an effect on your premiums.