Individual Medical Expense Insurance
Most people under age 65 with private health insurance have coverage under employer-sponsored group plans. Group health insurance is discussed in Chapter 16. However, individual medical expense plans are also important in providing economic security to individuals and families who are not part of any group. Many workers quit their jobs, are laid off, or retire early and need individual protection; many unemployed workers are between jobs and need individual insurance; college students reach age 26 and are no longer eligible for coverage under their parents’ plans; and a high percentage of people under age 65 are not in the paid labor force and need individual protection.
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