Health Insurance Options for Individuals & Families

Choosing the right health insurance plan can feel overwhelming—but it doesn’t have to be. Whether you’re self-employed, in between jobs, or simply looking for coverage outside of an employer-sponsored plan, there are several health insurance options available. Below, we break down three of the most common types of coverage to help you make an informed decision.

✅ 1. Marketplace Health Plans (ACA/Obamacare Plans)

Marketplace plans, also known as Affordable Care Act (ACA) or Obamacare plans, are available through the Federal Health Insurance Marketplace. These plans are ideal for individuals and families who want comprehensive coverage and may qualify for premium subsidies based on income.

Key Benefits:

• Cannot be denied coverage for pre-existing conditions
• Coverage includes essential benefits (doctor visits, prescriptions, maternity care, mental health services, etc.)
• Income-based subsidies may lower your monthly premium
• Open Enrollment each fall (special enrollment available for qualifying life events)

Best For:
Individuals and families looking for affordable, regulated coverage with possible financial assistance.

💼 2. Private Health Plans

Private health insurance plans are purchased directly from insurance companies through licensed agents, outside of the government-run Marketplace. These plans offer more flexibility in terms of network options, plan features, and enrollment timelines.

Key Benefits:

• More plan variety than Marketplace offerings
• Enrollment may be available year-round (depending on the insurer)
• May offer broader provider networks or additional perks

Important Notes:

• These plans do not qualify for ACA subsidies
• Some may have stricter eligibility requirements
• Benefits can vary widely—always read the details

Best For:
People who don’t qualify for subsidies (higher income earners) or prefer different coverage options than what’s available through the ACA.

✝️ 3. Christian Health Share Plans

Health sharing ministries are faith-based, non-insurance alternatives where members contribute monthly to share the medical expenses of others in the group. While not traditional insurance, they can offer a lower-cost option to cover medical expenses that exceed a certain dollar amount. These plans can often limit your out-of-pocket costs on medical expenses lower than many traditional health insurance options available today.

Key Features:

• Monthly contributions instead of premiums
• Lower-cost options compared to traditional health insurance
• Community-based cost-sharing model
• May have restrictions based on lifestyle or religious beliefs

Important to Know:

• Not considered insurance by law
• Not required to meet ACA regulations (no guaranteed coverage or essential health benefits)
• Often require members to adhere to a Statement of Faith or lifestyle guidelines

Best For:
People of faith seeking a way to lower the cost of their healthcare plan and are comfortable with the idea of non-traditional coverage. Generally best for folks who do not have pre-existing conditions that require ongoing treatment or continuous care.

Deciding between Marketplace plans, private options, or a health share plan depends on your budget, health needs, and personal preferences. If you’re unsure which is right for you, our licensed agents can help you compare your options and walk you through the enrollment process.