Group health insurance can be really advantageous

2007-03-08 10:33:40

( Health )



Health insurances can be obtained either through a group or as an individual. Group insurance insures all members of the group and covers all medical costs. Large groups have an advantage because insurers prefer to cover large groups for the reason that risks and administrative costs are paid over many people.

Medical costs can be enormous that is why you should obtain health insurance. Travelers health insurance is also obtained by most travelers even if it is not required for them. International health insurances are also obtained by most people because international health insurances insure coverage of all nationalities in more than 140 countries. Obtaining treatment and hospital care can cost a lot for travelers who are injured or become seriously ill overseas but health insurances does not provide overseas health insurance. You should then be informed about which medical services your health insurance will cover abroad.

For professional groups, trade associations, and other membership organizations most of the time obtain health insurance in groups so that they would be able to get the benefits of a group policy by joining one of theirs. Virtually every occupation has a professional group or trade association. If you are having problems with joining a group, you can ask other self employed people in your field. You might even be able to find one using a search engine because most of these organizations have websites. Another way could be to ask your local library if it has a book that lists professional associations in your area.

Joining your local chamber of commerce could also help you to obtain health insurance.

There are also thousands of business organizations and associations that offer business group health insurance plans to their members. You can join one and get the group health insurance. There is also the small group health insurance which is defined to be those groups with less than 25 or sometimes 50 employees.

Several states have formed cooperatives that small business owners may be involved in to acquire group health insurance coverage.

Group coverage costs less than individual coverage which is typically 25% to 30% and individual coverage limits are lower most of the time than those offered under group coverage. Group health insurance does not even impose any limit on the total benefits paid during your lifetime. Individual coverage on the other hand, often limits total lifetime benefits to one or two million dollars.

Now are those not reasons enough for you to join a group health insurance. Join now; you might never really know when you might need one.


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