Personal injury is an issue that no individual ever hopes to face; however, accidents are unpredictable and being prepared is essential. As part of preparation for physical and mental trauma, health insurance is a significant factor and there are numerous types of health insurance to suit every person’s needs. Of course, choosing the correct insurance policy can be complicated as everyone wants to obtain the most beneficial coverage. This article will provide information on group health insurance and the different group health benefits.
1. Useful For Large And Small Families
One of the greatest concerns when applying for health or life insurance is the issue of family size. In many cases obtaining health insurance for each family member can be challenging and tiresome; however, this is not the case with group health. Unlike the individual insurance markets where you would be required to pay a separate insurance premium for each family member, the group health insurance allows addition of the family members to a single insurance policy.
2. Premiums Are Subsidized By Employers
Typically, an employer is legally required to contribute a minimum of 50% of the employee insurance premium; therefore, if you are the employee, you will receive a more beneficial insurance plan from work than the policies offered from the independent market. Unfortunately, the addition of any dependents to the group health insurance will require some cost on your behalf.
3. Maternity Leave Is Covered By The Policy
If you are planning on having children or find yourself pregnant, this is not a problem when you are on a group health insurance plan. Unlike the independent or individual market health policies that offer a restrictive and expensive maternity leave, if at all; the group health benefits the expectant mother by offering a more valued amount of time for maternity leave. In fact, in some cases, it is also seen that the expectant father is granted a particular amount of paternity leave to assist with the family during the first few weeks of his child’s life. To negotiate this issue, it is highly recommended that you contact a health insurance advisor regarding your family situation.
4. Guaranteed Insurance In Most States
One of the greatest benefits to a group health insurance plan is the feature of guaranteed approval. Guaranteed approval means that individuals cannot be refused insurance plans due to pre-existing health conditions. This is particularly beneficial if the individual has a medical condition preventing them from qualifying for an individual-based health insurance plan. Of course, this does not operate in all states and a health insurance advisor should be consulted beforehand.