Group health insurance is usually taken out by businesses, corporations and associations. If you are a business looking to insure your employees, after reading this, you may want to look at our section on business health insurance from the menu on the left. With group insurance, no matter what type of group you are, you’ll be safe in the knowledge that everyone on the policy is covered should anyone need medical assistance. Group cover can insure from a few people, up to several hundred. The exact numbers vary from insurer to insurer, so be sure to check this out.
As with all types of insurance policy, there are varying levels of cover. The less comprehensive policies essentially cover hospital care, meaning the members of your group will be covered for treatment needed as either an in-patient or a day-care patient. More comprehensive levels will cover specialist medical treatment or diagnosis. The most comprehensive policies, naturally, have the most expensive premiums. They tend to cover the group for both in and outpatient care, as well as prescriptions, home nursing, accidental dentistry and more. If members of your group travel frequently, there is the option to extend your group health cover to the same level abroad.
The key is to have a shop around for the most suitable policy for you and your group. It is important not to let the cost be the only determining factor when it comes to purchasing your policy. The details of the cover should be the overall reason for purchasing a particular policy. Naturally, price is a big consideration, but if you have a shop around, you are likely to find a policy which meets the needs of your group, but with affordable premiums.
*All information displayed in this table is subject to change. Please consult individual insurers for terms and conditions.
