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Whether you are self-employed, have one or two jobs or retired, you need a good health insurance plan for yourself and your family. It is important to get good group health insurance plans in case of unexpected medical expenses and  in order to avoid to be buried in debt. However, a plan that is good for someone else may not be the right one for you. In industrialized countries like the US, where the health insurance companies constantly change their policy, it is necessary that you have adequate information before choosing a health insurance plan. This article explains the different types of health insurance, their advantages and disadvantages so that can choose wisely if you shop for health insurance.

Individual health insurance

Individual health insurance is a form of individual contract between you and an insurance company to guarantee the repayment of all or almost all medical expenses. This may includes hospitalization, medications, dental care, seeing a specialist, and certain therapies (radiotherapy, chemotherapy, etc.). This service may be provided by a government-sponsored social insurance program (mostly for individuals with low income), or from private insurance companies.

What is the history behind health insurance?

Some hundred years ago, before the appearance of health insurance, all patients used to pay their health care costs. Around 1694, Hugh the elder Chamberlen (1630-1720) introduced health insurance. At that time, the idea was not widely known and welcomed by the public. Around the end of the