Know About Group Health Insurance

Published on 08/29/2018 3:01 pm

Group health insurance provides medical coverage to employees of a company. The policy also covers their families. It is one of the major perks provided by the issuing companies to hire talented staff. The group health insurance plans are uniform in nature, i.e. they provide the same benefits to all the employees covered in the group.As there is no waiting period in this plan it can easily cover pre-existing medical conditions making it a coveted plan for working professionals.

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Benefits of group health insurance

To avail a group health insurance policy the family does not have to go through a medical check-up.
The insurance typically covers medical benefits for the insured person, spouse, dependent parents and children.
It offers cashless hospitalization at partner hospitals in the network.
It covers ancillary charges such as ambulance fees
Some policies provide fee reimbursements of specialists and other medical practitioners for follow check-ups.
The policy has no hold-up period bearing in mind the end goal to profit complete benefits of a health plan similar to an individual health policy.
Compared to an individual plan the premium measure of a group plan is much lower.
The policy covers pre-existing medical conditions of the beneficiary and their families. It helps employees to take care of immediate or unplanned medical emergencies of their families without having to stress over for medical bills.
It offers a person with maternity benefits from the very beginning, no matter at what point the person is selected for the policy.