Health insurance is a major necessity. Healthcare costs and medications are high and without health insurance a serious illness or accident could bankrupt you without the financial protection from health insurance. If your employer does not offer group health insurance, you have the option of buying health insurance with an individual or family policy. You can choose between Indemnity, HMO, or PPO health insurance, you will need to find out more about each type of insurance coverage and compare costs to make the best decision for your requirements because coverage and costs can vary significantly from company to company.