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Thursday, April 23, 2009

Gain The Advantages Of Group Health Insurance

By Don Bethune

The majority people get health insurance coverage through their employer. This is called group health insurance coverage since as a group; all the employees are jointed together to get insurance. These guides to a lesser insurance premium because the hazard is extend out among the group of members. But you might still be able to advantage from group health insurance even if you do not labor. This is because a lot of membership organizations propose group health insurance coverage to their members.

The best source of group health insurance is an employer. As part of a benefits package, employers often pay a portion of health insurance premiums, or offer a reimbursement program. Also, employees are not typically required to undergo a health examination.

However, many individuals are self-employed. These people often do not think group coverage can be obtained, and usually seek out individual health insurance. This means that they are the sole policy holder, and also the sole responsible party. They must pay all of the premiums, in full, themselves.

When one prefer individual insurance they frequently will have to undergo medical examinations to be accepted and depending on the policy, a lot of pre-existing circumstances will not be covered. Also, the premium is expensive since you are getting it on your own and are paying the premiums in full yourself.

Getting health insurance through a membership organization might be a better choice when your only choice is obtaining individual health insurance. Because you will be pooled in with the additional members of the association your premiums might be lesser. Also, there might be enhanced support like a group information access number and an employee in the group that specifically manages the associationas health insurance.

It is best to research your options thoroughly. Different organizations offer different policies, with different requirements and benefits. some still require a medical examination, and exclude pre-existing conditions. Because this can lead to tremendous expense, it is definitely worthwhile to investigate all of your options.

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