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