4 Reasons To Take Advantage Of Group Health Insurance

Insurance Blog

When it comes to obtaining health insurance, you basically have three options, which would be to obtain it through your employer, an individual plan, or the government if you qualify for special assistance. If you are able to obtain health insurance through your employer, this would be considered group health insurance. Here are four reasons why this is a great option: 

  1. Freedom to Leave:  Should you ever decide that you want to switch to a government based or individual health insurance plan because you are not happy with what the group insurance through your employer covers, you have the option to do this without having to pay any fees. If you decide to leave an individual plan at some point, you will likely have to pay a fee for doing so. This is also true with some government funded health plans, as well. 
  2. Flexible Payments: When you choose health insurance through your employer, you will usually have the payments for health insurance deducted from your paycheck, which makes it extremely easy to pay for. You sometimes will also have the option to have more or less taken from each check to pay for the insurance. You can pay for the health insurance for the full year, quarterly, or monthly depending on what you believe to be the best choice for you. 
  3. Affordable: Group insurance is much more affordable than individual insurance plans. This is because the insurance company does not have to rely on you solely to make payments. Instead, they will be getting payments from your entire group. On top of this, since the health insurance company is gaining so much business from the group insurance plan, they usually reduce the rates and the rates are not based on your specific health history, which may make it lower than an individual plan for this reason. 
  4. Easy to Join: If your place of business offers group health insurance, it's extremely easy to join. Instead of having to spend time shopping for rates and applying in person and customizing your coverage, you can simply go to your employer and ask to sign up with the group insurance. 

When you know these four reasons to join group health insurance with your employer, you can be sure that you understand the full benefits of doing so, which will make it easier to understand why you should avoid an individual health insurance plan for yourself. For more information and options, talk with an insurance broker in your area, such as those at Health Shop Inc.

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