How group health insurance is beneficial than individual health insurance?
Ans: The main advantage of group health insurance is that participating individuals need not to produce evidence of health condition; hence there are negligible chances of your proposal being turned down by the provider. In Individual Health Insurance, you have to produce the evidence of your health condition and the insurance provider has the right to reject your application on the grounds of personal habits, poor health and even paying capacity. However, individuals with known health problems, though could be enrolled in the group insurance plan, may have health insurance plan with certain limitations. Premium rates of group health insurance plan are comparatively low than that of individual health insurance plan. The premium gets even lower in some cases as the employer pays some portion of the premium. As the group health insurance plan members increase it facilitate you to get more benefits and flexibility when compared to individual health insurance plan.
