Usually Group Health Insurance is established by employers with large number of employees. Prices of the group health insurance are negotiated based on the strength of employees. Obviously companies with greater number of employees are benefited. In this type of insurance all participants pay premium and number of employees falling sick is considerably less. Group Health insurance contributions are shared by employee and the employer hence the employer is benefited by paying lower premium. Some companies even allow a participant to include his spouse and dependants in the group health insurance program. Even you have the option to make your own group consisting of your family members. This type of health insurance program is termed as family group insurance. Premiums of such group insurance health programs are comparatively low.
Usually, employers can not deny you to participate in the health insurance program. Some employers review their health insurance program on yearly basis. Many employers introduce wellness programs to ensure healthy employees and also to obtain better management of medical costs.
Like other insurance programs, group health insurance also has its disadvantages. You have very little choice to choose a health insurance plan according to your wish. Your program may restrict you to limited hospitals and doctors. Your employer may increase the premium rate depending upon the medical costs.
for details visit
http://www.healthinsurancedesk.com/healthinsurance-group.htm
posted by srikanth....july29
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