What to know Regarding Offering Group Health Insurance

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What to know Regarding Offering Group Health
Insurance
Group insurance guides to a single policy
allocated to a group that covers all suitable
workers and sometimes their dependents. The rules
are quite different for group coverage versus
individual coverage due to the risk being
calculated differently. With groups such as
businesses, insurers determine a premium price
based on risk factors balanced over the entire
group, using general information on members of
the group, such as age or gender. Under federal
law, small employers are guaranteed group
coverage should they choose to purchase it,
regardless of the employees health status. Some
employers decide to pay the full premium, while
others require employees to pay a portion.