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Insurance is an interesting topic. The reason it can be so inexpensive is because there is strength in numbers. However, when purchasing individual health insurance on your own, it can cost a little more because, unlike a group plan where the insurer is required to take you on, an individual health insurance plan is medically underwritten, and the insurer can either decline your business or attach and exclusion to your policy. That doesn't mean that it's smarter to not have any coverage, the hoped for savings of not paying premiums for a few months can be more than offset by one simple accident.
Individual Health Insurance and medical insurance for the self-employed.

When looking for individual health insurance remember that "Individual" refers to the person buying the coverage, but the individual health insurance covers your whole family. You may have to pay more for your coverage than if you were part of a large organization, however it is possible to locate bargains that actually save you money over what you would have to pay if you simply left a company and picked up the cost of your COBRA.

Many people today have opted to be self-employed which carries the added necessity of acquiring individual health insurance for them and their families. Consider it a necessary expense that will actually save you money in the long-term.