Examples of Individual market in a sentence
The report identified the following findings regarding insurance costs:• Individual market premiums rose by about 10 percent in 2018, with an estimated 15 percent increase in 2019.
More Definitions of Individual market
Individual market means the market for the health insurance coverage offered to individuals other than in connection with a group health plan. The individual market includes an association plan that is not employer related, issued to individuals on an individually underwritten basis, other than an employer-organized association or a bona fide association, that has been organized and is maintained in good faith for purposes other than obtaining insurance for its members and that has a constitution and bylaws;
Individual market means the market for health insurance coverage offered to individuals other than in connection with a group health plan. The term includes coverage offered in connection with a group health plan that has fewer than two participants as current employees on the first day of the plan year unless the State elects to regulate coverage as coverage issued to small employers as defined in Section 38‑71‑1330.