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What kind of health insurance should I get?

Like so many things when it comes to insurance, that depends. If your employer (or spouse's employer) offers a group plan that insures all of its employees, you can probably save a lot of money by taking part in it. If you don't have access to a group plan-or if the choices available through the group plan don't fit your needs-you will have to buy an individual policy that will probably cost a lot more. Group plans are not only cheaper, but many also let you choose from a range of services. You don't have to pay for coverage you don't want. Under a group plan, you're automatically eligible for coverage and cannot be dropped or charged more if you get sick. However, depending on the plan, the coverage may only reimburse you for a fraction of your actual medical bills. You may be limited as to which doctors you are allowed to visit, and your employer can raise your share of the premiums or even drop the plan anytime it wants. If you buy an individual plan, regulators in some states monitor price increases and might even have to approve them before they are passed to you. Many individual policies also allow you to visit any doctor or other specialist you like. However, the plans are generally much more expensive than group plans, the insurer itself has greater latitude to cancel your coverage, and some have relatively low maximum payout levels that could mean you'll run out of coverage if you're involved in a major accident or suffer a prolonged illness.