Group mediclaim is a good way to ensure health insurance coverage for the members of a group at affordable premiums. The policy is easy to buy and covers all group members under a single policy. However, you should keep in mind some features of these plans before you buy them. Insurance is a technical concept […]
What are the benefits of a group health insurance?
The importance of health insurance is known to everyone. There are multiple types of health insurance plans available in the market. These include individual plans, family floater plans, unit-linked health insurance plans, and group mediclaim. While a lot is known about the first three types of health plans (as we select the service provider and […]
General exclusions under group health insurance
With healthcare costs rising every year, health insurance is a great form of compensation for employees. Additionally, group health insurance plans provide tax benefits for employers and help them hire and retain good employees. Employers purchase group health insurance policies for all their eligible employees. Such policies usually cost less than individual policies since the […]
How to Negotiate Best Price for Group Health Insurance for Employees
It is a good move to offer group health insurance to your employees. In fact, this insurance will not only help you keep your employees motivated, but it will also help you save taxes. While it is beneficial to have group mediclaim insurance for your employees, there are some ways through which you can negotiate […]
What features are available for group health insurance for employees?
Medical and hospitalization expenses of the employees are covered by the group health insurance policy. Hence, Employees are the most valuable assets of a company and employers try their best to secure employee satisfaction in the form of various facilities. Group health insurance policy is one of the facilities provided by the employer. Also, due […]
Co-pay in group health insurance
For many young establishments, the costs associated with group health insurance might be daunting. So, if you want to provide your employees with the security of medical insurance without a considerable cost burden, you might want to consider a co-pay. This post attempts to help you better understand co-pay in group mediclaim insurance. What does […]
Factors influencing the premium of a group health policy
Group health insurance refers to medical insurance coverage for a group. Such a group mediclaim policy can be availed by employer-employees, banks and their customers, and clubs and their members. Which factors affect the premium of Group Health Insurance and how? A group’s size, average age, and occupation are important determiners of the premium of […]
Group health insurance — expiry and renewal
A group health insurance policy gives employers the opportunity to provide their employees with coverage for medical expenses. For employees too, a group insurance plan offers some advantages over individual policies. So, when does a group medical insurance policy expire? How can it be renewed? This post attempts to offer some clarity on these and […]
Which treatments are not covered under group health insurance plans?
Typically, individual health insurance plans specify exclusions. These are conditions or ailments that insurers do not cover. A significant advantage of group health insurance plans is that insurers often waive off many of these exclusions. However, in order to lower premium costs, some groups might accede to such exclusions. This post looks at some common […]
What Is Co-Pay In Insurance And How Does It Work?
Co-pay refers to the part of the claim amount in an insurance policy that is borne by the insured out of pocket. It is generally provided in a percentage term and is applicable on the claim amount in General Insurance Policies. It may range from 10% to 50% in health policies. In motor insurance, this […]