Group Health Insurance

In an employer-employee context, group health insurance is when an employer buys medical insurance that covers their employees. However, the number of employees in an organization can change frequently, with people leaving the firm as well as joining it. Organizations have to update corporate health insurance policies to reflect these changes. This addition and deletion […]

Buying a group health insurance policy A group health insurance policy covers a group of individuals under a single plan. Only registered and recognized groups can buy group medical insurance for their members; the most common of these groups is employer-employee. Usually, employers buy such health insurance plans as part of their employee benefit programs. […]

Generally, the organization or employers purchases group insurance plans for their employees and for the well-being of their families. Customizing the policies based on the needs of the group and its members. Group plans offer numerous advantages to both employer (group) and employees (members). The group plans offer the following advantages. Advantages for employers: 1. […]

You can buy a group insurance policy if there are members who gather together with a common purpose or engage in a common activity. Further, there are some other guidelines that should be considered to buy a group insurance policy, like: 1. Most of the group insurance policies are about the employer-employee. However, other groups […]

The cancellation process of a group health insurance policy can be carried out in the following ways : 1. Cancellation by policyholder/insured – If a policyholder thinks of cancelling the group health policy, a 30-day prior written notice is required to be given to the insurance company. After receiving the notice, the insurer will cancel […]