If you own a company or are in charge of a number of staff or group of people, you will probably know the problems that can arise when members fall ill. Not only is this stressful for the person concerned, but it can leave you high and dry whilst the member of the group or staff is recovering from the illness. With group health insurance you cover your whole group in the event of illness, enabling them to enjoy a speedier recovery and peace of mind. This benefits both the individual and others, and offers peace of mind all round.
Summary of Cover
The features provided with group health insurance can vary depending on your level of cover and also on the insurance company that you select. Most policies provide fast treatment to each member of the group as well as covering them for income after a specified period. There can be a number of exclusions with this type of cover, with our expert eadvice we can highlight these for you. This can include pre-existing conditions that you had prior to taking out the policy, chronic/permanent conditions, cosmetic treatments, and routine dental work.
Extras
There are a number of extras available with group health insurance, and although you may have to pay a little extra on your premiums these could prove invaluable in the future. You can select from extras such as:
Psychiatric Cover can help in cases that are not relating to physical health, as this cover is normally excluded from general group insurance cover plans. This can provide extra peace of mind for all.
Specialist Cover enables you to cover long term illnesses that may also be excluded under the general group insurance policy. Again, this offers additional protection and peace of mind for member of the group.
Dental and Optical Cover means that the group will also be covered for dental and eye care, which is another valuable add-on to group health insurance cover.
Additional Information
We can help you decide and advise you of the most suitable group health insurance policy for your company and staff. Policies can differ from one insurer to another so expert group health care advice is essential. The claims procedure can also vary from one insurer to another. This will depend upon the insurer's own regulations and wqe will ensure that you are familiar with the claims procedure.
Free Extras to Look Out For
There is no guarantee that you will receive any free extras with your group health insurance cover, but some insurers do offer extra, particularly with higher levels of cover. We can help you find the most suitable health care policy with the best incentives. We can get huge discounts due to the volume of policies we do so you can be assured you getting the best value group policy..
Increase the amount of excess on your policy: The higher the excess on your policy (the sum you have to pay from your own pocket in the event of a claim) the lower your premiums are likely to be. However, you should see whether it makes a significant difference to the cost of the policy, as you should remember that the amount of the excess will have to come from your pocket should a claim be made. If the claim made is for a sum that is lower than the amount of the excess on your policy, you would have to pay the whole amount of the claim from your own pocket.
