subject: Getting a Group Health Insurance [print this page] Getting a Group Health Insurance
Health Insurance For Individuals policy is a contract that binds the insurance company whom issued it and the individual or group which assures that they would pay for their health care which is reasonably required by the policy holder to care for illnesses or injury. A group insurance health policy is the one that is applied for and obtained by the employer. Nowadays, employers cover a part of the required premium of the insurance policy. There are several types of group Health Insurance For Individuals policy and they all differ in the kind of approach. First, they are divided into indemnity plans and managed care plans. Indemnity plans are traditional indemnity plans such Fee for Service Plan or FSS which are predominant along the east coast. Managed Car plans are those widespread in the west of USA. These two kinds differ in aspects concerning the preferred hospitals and medical providers, the way medical bill are being paid and to the other expenses for medical services that are covered. When you choose to have an indemnity plan, it allows you to have more choices on hospitals and healthcare/medical care providers that include specialists as well. On the other hand, a managed care plan will give you not as much of paperwork along with out-of-pocket expenses. Granting of group medical insurance policies aids the employer in keeping and employing the best in his company. This is another way of compensating employees' aside form having monetary amends. This is an advantage for yourself as well since you can get better rates when you obtain or is included in a group medical insurance than having to apply for an individual insurance policy. This is usually in the form of tax incentives. A basic Health Insurance For Individuals plan is an alternative to group health insurance since the former is formed to provide affordable but limited benefits while the latter is very expensive. The basic health insurance plan can be consist of any size of a group. It possesses certain features such as hospitalization and surgery benefits, a choice between a single or family coverage for the benefits, medical and emergency room assistance, consultations/visits to a doctor of your preference, affordability and accessibility. There is no need to actually go through with physical exams or any medical questions to be asked to qualify. The basic health insurance plan is assured as issued for members who are found to be eligible.
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