1. Group Health Insurance: Group health insurance plans are designed to cover a group of people, usually full-time employees of a company. Group plans can often offer more comprehensive coverage than individual plans, and premiums are usually lower than individual plans.2. Individual Health Insurance: Individual health insurance plans are designed for individuals and their families. These plans can provide coverage for medical, dental, vision, and prescription drug expenses. Premiums can be higher than group plans because they are not subsidized.3. High Deductible Health Plans (HDHPs): High Deductible Health Plans are designed to help reduce the overall cost of health insurance by having a higher deductible. These plans typically have lower premiums, but the deductible must be met before the insurance company starts to pay for certain services.4. Health Savings Accounts (HSAs): Health Savings Accounts are tax-advantaged savings accounts that allow individuals to set aside money to cover qualified medical expenses. Money saved in an HSA is exempt from federal income tax and can be used to pay for medical, dental, vision, and prescription expenses.5. Short-Term Health Insurance: Short-term health insurance plans are designed to provide coverage for a short period of time, usually between 30 days and one year. These plans are often used by those who are between jobs, waiting for a new job’s coverage to start, or are otherwise in transition.
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