Everything you need to know about health insurance

Friday, January 29th, 2010

Individual Health Insurance Policies Continued to Grow in 2009 and 2010

eHealth Inc. released a study of their policies titled, "The Cost and Benefits of Individual and Family Health Insurance Plans 2009." The report surveyed the active policies in the month of February 2009. Below are some highlights:

  1. The number of individual and family policies increased 40% from 2007 to 2009.
  2. The average monthly premium and annual deductible for an individual was $161 and $2,326 respectively. 
  3. The average monthly premium and annual deductible for a family was $383 and $3,128 respectively.
  4. The average age of a policy holder was 35 years old.

Expect individual health insurance to continue its enormous growth in 2010 as:

  1. More companies drop group health coverage in favor of Health Reimbursement Arrangements (HRAs)
  2. The unemployment rate continues to rise
  3. Individual policies continue to outmatch group plans with lower costs and portability from employer-to-employer

What do you think?


If you liked this post
Please share it:
Share on Twitter Share on Facebook Share on Linkedin

Posted by Jon Baer
Tags: Individual Insurance, HRA
blog comments powered by Disqus
 
Subscribe...
Enter your email address to receive email updates
Who we are...
Clarifying Health is a blog about health insurance, health benefits, and everything else related to how Americans pay for medical expenses.

If you have any tips or suggestions for this blog, send an email to blog@ZaneBenefits.com and let us know. We always appreciate feedback

We also run a company called Zane Benefits where we're doing everything we can to help America out of the current healthcare mess.

If you want to learn more about how Zane Benefits helps companies with their benefits, or you're interested in working with us, visit the Zane Benefits website.
Read More...
Popular Topics

Archives
2010 (93)
August (23)
Offering Defined Contribution Health Plans to 1099 Contractors
What Types of Individual Health Insurance Premiums Can Be Reimbursed Tax Free By a Health Reimbursement Arrangement (HRA)?
What Types of Individual Health Insurance Premiums Can Be Reimbursed Tax Free By a Section 125 Premium Only Plan (POP)?
How Employers Can Contribute to Employees' Individual Health Insurance Plans without Violating Federal Law
Why Can't Employers Pay Directly For Employees' Individual Health Insurance Plans?
What Types of Expenses Are Covered by Defined Contribution Health Plans?
Can a Company or Employer Give Employees Different Amounts with Defined Contribution Health Plans?
Is a Company or Employer Required to Fund a Defined Contribution Health Plan in Separate Bank Accounts?
Is there a Maximum Employer Contribution Limit for Defined Contribution Health Plans?
Is There a Minimum Employee Participation Requirement for Defined Contribution Health Plans?
Is there a Minimum Employer Contribution Requirement for Defined Contribution Health Plans?
Defined Contribution Health Plans
How Sick Employees Can Get Individual Health Insurance Even If They Have Pre-existing Medical Conditions
States with Health Insurance Risk Pools
What is a Pre-existing Medical Condition?
How to Cancel a Group Health Insurance Plan
What is Group (Employer-sponsored) Health Insurance?
What is Individual (Personal) Health Insurance?
Form 5500 Now Requires Electronic Submission
Health Reform - New Annual and Lifetime Limits Requirements
Flexible Spending Accounts (FSAs) - Maximum Election Limit
Tax Free Individual Health Insurance in Texas Using HRAs, POPs and Payroll Reimbursement Arrangements
What are Essential Health Benefits?
July (28)
What are Full-time Equivalent Employees (FTE)?
Form 5500 and Health Reimbursement Arrangements (HRAs)
Form 5500 and Section 125 Premium Only Plans (POPs)
What is a Form 5500 (Annual Report)?
What is a Lifetime Limit (Health Insurance)?
What is an Annual Limit (Health Insurance)?
New Tax Exclusion for Adult Child Coverage
England Plans to Decentralize Health Care
How to Appeal Claim Denials and Policy Cancellations by an Insurance Company
The Public Option is (Almost) Back
Who Buys Individual Health Insurance? (Chart)
Blue Cross and Blue Shield Offers New Guaranteed Issue Child-Only Coverage Policy
Health Insurance Agents Can Thrive Under Health Reform - Take 2
Interim Rule Says Child Policies Must be Guaranteed Issue
List of Free Preventative Care Services Covered by New Health Insurance Plans
Individual Health Insurance Companies Continue to Drop Health Plans
What is a Grandfathered Health Insurance Plan?
Insurance Brokers Will Become Navigators of Health Care Reform's "Waters" - Exchanges
Americans are More Willing to Pay Medical Expenses Out of Their Own Pocket
Employer Mandate - What Happens If a Company Does NOT Offer Health Insurance
Health Reimbursement Arrangements (HRAs) and Medicare Secondary Payer Reporting
What is a Health Insurance Exchange?
Health Savings Accounts (HSAs) are “IRAs on Steroids”
When Should I Offer My Client a Health Reimbursement Arrangment (HRA)?
History of U.S. Health Insurance - Why Most Americans Get Health Benefits from Employers
Medical Expense and Insurance Premium Reimbursement Accounts (HRAs, POPs, FSAs, HSAs)
Can Employers Pay for their Employees' Individual Health Insurance Policies?
Eligibility Criteria and Online Application for Federal Health Insurance Pool
June (6)
May (4)
April (7)
March (7)
February (10)
January (8)
2009 (88)
December (2)
November (3)
October (5)
September (14)
August (32)
July (26)
June (1)
May (3)
April (2)