Group Health Insurance


 Health  insurance is a type of insurance policy in which the insurer provides for the cost of any or all of the  health  care services. Today, there are many types of  health  insurance such as fee-for-service, managed care, and more.  Health  insurance is offered to individuals as well as groups. Group  health  insurance is designed to meet the  health  care needs of employees of large as well as small companies. Group  health  insurance policy provides medical expense coverage for many people in a single policy. Under group  health  insurance, the cost of premium is spread out among the members of the group.

Group  health  insurance offers  health  care coverage for student organizations, religious organizations, employers, professional associations, and other groups. Most Americans get group  health  insurance from their employer. In most cases, employer pays all or part of the  health  care insurance premium.

Group  health  insurance benefits both employee as well as employer. Employees covered by group  health  insurance plan, get medical treatment quickly with little or no cost. Compared to individual  health  insurance, group  health  insurance is less expensive. Another advantage is that no medical exam is required to qualify for group  health  insurance.

A wide range of group  health  insurance plans are available to choose from. Fully insured employer group, small employer group, large employer group,  health  maintenance organization (HMO), self-funded ERISA, group managed care, and preferred provider organization are some types of group  health  insurance.

Getting group  health  insurance quote through websites is quite easy. In order to qualify for a group  health  insurance policy, employer must have at least 2 full time employees on the payroll. While purchasing a group  health  insurance, it is advisable to seek the assistance of group  health  insurance broker. Golden Rule Insurance Company, UniCare, Aetna Inc., Horizon Blue Cross Blue Shield of New Jersey,  Health  Net of California, and Time Insurance Company are some of the leading  health  insurance companies that offer group  health  insurance.

Source by Kristy Annely

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