| To discuss the terminology Group Health Insurance, | | | | companies. |
| we must first familiarize ourselves with the concepts | | | | Group health insurance can be availed by any |
| Insurance and Health Insurance. | | | | company with two or more employees. |
| Insurance is a kind of protection, a safety net against | | | | Requirements vary around the world, though one |
| unforeseeable losses. No one knows what the future | | | | constant requirement is the proof of legitimacy of |
| holds, and insurance is a good way of preparing for | | | | the company's operation. The number of employees |
| what may come. Health insurance is a protection | | | | to be insured under the group plan determines the |
| against medical costs. The insurer pays the cost of | | | | type of coverage available to the employer. A |
| the insured person if the latter falls ill – due to | | | | company with more than a thousand employees will |
| accident maybe, or any of the covered causes. | | | | have customized health plans, and these may include |
| Magnify the health insurance more than ten times | | | | additional benefits. |
| over and you get the Group Health Insurance. | | | | With the rising costs of prescription drugs and health |
| Group Health Insurance is a health coverage based | | | | care in recent years, companies have experienced a |
| on a group of people under a company or an | | | | drastic increase in the cost of providing health care |
| organization. The cost of the insurance is allotted | | | | benefits to their employees. Many companies are |
| among the members of this group. The group enjoys | | | | forced to cut back on the benefits of the health |
| a wide range of benefits of Group Health Insurance. | | | | plan, and some even require their employees to pay |
| A master contract or policy is issued to their | | | | a higher share of the monthly premium of the |
| employer or to any of the group's affiliations. | | | | insurance, even to the point of requiring them to pay |
| Health insurance is one of the most important | | | | the 100% of the dependent premium! Decreases in |
| benefits offered to an employee through their | | | | the health insurance benefits cause some employees |
| employers. Not only does an employee feel secure | | | | to pay medical expenses themselves when they |
| with this insurance, he also feels assured of the care | | | | require medical treatment or prescription drugs. |
| of his employers. Companies spend billions annually for | | | | Businesses offering full premium payment for |
| health insurance, and group health insurance make up | | | | employees and their dependents are fast decreasing. |
| the bulk of the revenues earned by health insurance | | | | |