Download
1 / 1
10 likes | 22 Views
Group insurance refers to a single policy issued to a group that covers all eligible employees and sometimes their dependents. The rules are quite different for group coverage versus individual coverage due to the risk being calculated differently. While there is no law requiring small business owners to provide health insurance the Affordable Care Act encompasses attributes that small business owners should be aware of when deciding whether to purchase insurance for their employees. To know more visit here https://www.capbluecross.com/wps/portal/cap/employer/shop-group-plans
E N D
What to Know About Offering Group Health Insurance guides to a single policy issued to a group that covers all eligible employees and sometimes their dependents. The rules are quite different for group coverage versus individual coverage due to the risk being calculated differently. Group insurance With groups such as businesses, insurers determine a premium price based on risk factors balanced over the entire group, using general information about all the members of a group, such as age or gender. These rules apply regardless of the medical state of the employees. In other words, any eligible employee can’t be denied coverage based on previous medical problems, known as preexisting conditions. Speak with an agent to find out about all your group health insurance options. Plans extend coverage to adult dependents through age 26.
