Individual health insurance policies are somewhat similar to what you might find through a group employer-sponsored plan.  There are HMOs, PPOs, POS plans and even fee for service options.

To choose the best selection for you and your family, take a look at your budget and see what you can afford or what you can cut back on to get the best coverage. The list of doctors and your particular health needs will also drive your decision in choosing an individual health insurance plan.

If your budget is a little fluid and you can meet the expense of basic medical care out of pocket, consider an individual health insurance plan with higher deductibles that covers an inclusive plan for inpatient and outpatient care. By going for the higher deductible, you would not have to skimp on your hospital stays, surgery or follow-up medical visits in your individual health insurance.

Being single with no children or health issues could mean some price breaks in individual health insurance. Purchasing catastrophic health coverage would provide you with a cheaper premium.  However, you have to keep in mind that all doctors’ office visits as well as any lab work that needs to be done would be out of pocket.

Take into account all of the potential costs should you or a family member need an emergency room visit, x-rays, blood work or anything routine like physicals, mammograms, vaccinations and even cancer screenings.

Will your individual health insurance plan cover those costs?

What about a prescription drug plan? 

Is vision and dental insurance important?

Alternative medical visits like a chiropractor, acupuncturist or massage therapist are also considerations to make should you want them included in your individual health insurance policy.