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How Group Health Insurance Policies Works

The insurance company comes to the workplace and offers the plans for the employees. Some negotiations will take place so that the employer will get cheaper rates for the employees. The insurance company will calculate the rates depending on the number of employees working in that company. If there are more employees the rates will be cheaper because at the end, the insurance company can make more money when more people are covered.

Employers usually pay part of the premium coverage .The amount paid usually depends on what plan you have decided to take. For some particular plans, the employer will pay the full amount but if you want better coverage, you have to pay some part of it. Paying a part of the premium is usually cheaper when compared to paying the entire premium for an individual plan.

The employee will be given a choice to opt between several health plans from the insurance provider. Depending on how much an employee can pay for the insurance, he can choose the policy. When going for a group health insurance, policy no physical exams are required. The money that has to be paid by the employee for the insurance company will be deducted directly from the salary so there is no need to worry about another bill.

The employees working for a company that is offering group health insurance plan must be aware of an employer’s responsibility relating to the health insurance policy. There may be some minor changes from state to state but generally, the rules will be the same. Usually, employers provide health insurance benefits for only full-time employees. Many companies where even prosecuted for limiting the work time of employees to cut off their eligibility for such benefits but there are state laws that determine eligibility for group health plan for employees. To be eligible, the employee must work for at least 25 hours per week.

Another important thing that the employee must know is that the company is responsible for paying only 10% of the premium. But in order to keep the entire group eligible, most companies pay 50% of premium. A group will not get a health insurance plan if 25% of the employees are not eligible to participate. Employers cannot force their employees to participate in insurance plans. The most important thing that an employee must know is that under any situation the patient information is confidential and discussing any specifics with the employers is prohibited. By knowing the rules of eligibility, employees can prepare themselves for dealing with problems in the future.

To know the quotes for group health insurance, enter the zip code above and find the plans that is best suited for you.