Buying health insurance is something that almost all Americans realize the need for because unlike a life insurance policy where the insured will never even see the policy used to cash in for the death benefit because they will already be dead a health insurance policy is often used on a monthly basis for doctors visits, prescriptions, and other medical care. One of the common misconceptions about health insurance is that group health insurance is cheaper than individual health insurance. In almost every state in the US an individual health insurance plan will be considerably cheaper than its group health plan counterpart even if purchased from the exact same health insurance company with almost the exact same amount of coverage. The reason why individual health insurance is so cheap is that one must pass through medical underwriting in order to be accepted while with group health insurance every eligible applicant is accepted for coverage.