group health insurance plans

The difference between group health insurance and individual health insurance

Individual insurance is a policy you can purchase through the marketplace for either you or your family. Individual policies do come with their advantages.

Why should you purchase an individual health insurance plan?

You can choose the insurance company, the plan and the options that meet your needs.
You can renew or change health insurance plans, options and health insurance companies during the annual Open Enrollment period.
Your plan is not tied to your job, so you can change jobs without losing your coverage.
You can choose a plan that includes the doctors and hospitals you trust.
You may be eligible for a subsidy from the federal government to help pay for your insurance.

Group health insurance or employer sponsored health insurance is a health policy that you receive through your employer. The employer pays for a portion of the premium with you.

Why should you accept your employer sponsored health insurance plan?

Your employer often splits the cost of premiums with you.
Your employer does all of the work choosing the plan options.
Premium contributions from your employer are not subject to federal taxes, and your contributions can be made pre-tax, which lowers your taxable income.

Deciding on whether to purchase your own individual health insurance plan or accepting your employer health insurance can be difficult. Think about your needs and financial situation to decide on what to go with.

Cosmo Insurance Agency is located in Ocean and Bergen County and has been operating for over ten years. Cosmo has an educated, experienced team of brokers that can help you choose either an individual health insurance plan or group health insurance plan.

When shopping for health insurance, shop smart.

Don’t be deceived by insurance agencies allowing them to sell you plans from their preferred carriers so that they can clinch the sale and leave you with obstacles to solve.

When you reach out to Cosmo, our health insurance brokers in New Jersey spend all the time necessary to determine what your needs and priorities are. We are independent and offer plans from a large spectrum of reputable carriers. We explain your options in great detail and clarity– down to the fine print - so that you can choose a plan that will satisfy you for the long term.




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