Which of the following typically characterizes individual health insurance policies?

Individual health insurance policies are often characterized by more comprehensive benefits compared to group health insurance plans. This is because individual policies are tailored to meet the specific needs of the policyholder, allowing for a broader range of coverage options. They typically offer flexibility in terms of selection of benefits, which can include specialized care, preventive services, and greater variety in treatment options.

In contrast, group health insurance plans often have standardized benefits designed to cover a wide range of individuals with different health needs, but they may not provide the same depth of coverage that an individual policy can offer. This characteristic of individual plans makes them particularly appealing for those who seek specific treatments or have unique healthcare needs that require consideration beyond what a typical group policy may provide.

The other options do not accurately reflect the nature of individual health insurance policies. For example, group coverage is a fundamental feature of group policies, while lower premiums are often associated with the collective purchasing power of groups rather than individual policies. Guaranteed issue is generally a feature more associated with certain plans outside of the traditional individual policy context, and not all individual policies guarantee issue irrespective of health status.