How group health insurance is different from Individual Health Insurance?
Ans: Individual health insurance can be purchased by an individual after completing the laid down formalities like medical examination. Individual has to pay the complete premium himself. Health insurance provider may deny you to participate in the health insurance plan on the basis of affecting factors such as age, health condition, paying capacity, personal habits etc. In individual health insurer has the advantage over insured as he reserved the right to reject the application or issue a health plan with limited coverage. Group Health Insurance caters for employees of company or even group of family members. Usually, employees are not required to undergo medical examination while applying for group health insurance. If you are a member of group health insurance established by your employer, your employer pays certain portion of your insurance premium. Normally, insurance providers do not deny health insurance to group of potential insurance seekers. More the number of group members,
Related Questions
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