Group health insurance for an individual was nearly twice as costly as individual coverage bought on the market, according to a study by the Kaiser Family Foundation and eHealthInsurance. Group health insurance premiums averaged $3,383 per year for individual coverage in 2002, compared with an average premium of $1,786 per year for coverage bought in the individual market. One explanation for the premium difference is that younger, healthier people are more likely than others to buy policies in the individual market, the study said. About 6.6% of the nonelderly population bought individual health insurance in 2002. Sixty-five percent of the nonelderly population was insured through an employer and 16.2% through public programs. Read the study. -- by Jeff Tieman
Group health coverage vs. individual market
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