What to Know About Offering Group Health Insurance

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What to Know About Offering Group Health Insurance
Group 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. 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 cant 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.