Group Health Insurance

Getting good quality health insurance is a key concern of every person. But it is not possible, because health insurance cost dramatically changed over the period and touch the sky high. The major reason behind this situation is that health care costs are rising all for everyone-for physicians, health insurance companies and consumers. It doesn't mean there aren't any affordable options available in the market.

Nowadays, group health insurance has emerged as one of the most preferred benefit from the companies. Many companies offers group health insurance plan to their employees and increase employee satisfaction. With this option an employee can avail various benefits which are otherwise non- affordable individual health insurance. The premium goes to bottom line and benefits are more to utilize.

In the current scenario, you will find out number of health insurance providers are offering group health insurance plans to small and large businesses. Such a plans are also available for educational institutions, trusts, co-operative societies, etc.

Eligibility of Group Health Insurance-

Group health insurance plans have various eligibility requirements, but it can vary from company to company. Typically, the one would need a minimum of 2 or 5 employees or members to be insured.

Coverage of Group Health Insurance-

Talking about group health insurance coverage, it provides broad coverage for medical treatment of illness/sickness/diseases and accidental injuries that requires in patient hospitalization. It includes hospital room charges, cost of diagnostic procedures, ICU, surgery cost, doctors fees, prosthetic cost, etc. In most of cases for the large groups pre-existing condition can be covered and for smaller or mid- sized group there is usually waiting period before pre-existing condition can be covered. There is also optional cover available on additional cost.

Group health insurance also covers families of employees. The main key point is that the employees can not be declined by medical history. In addition, it also offers some built in flexibility to individual needs within the group.