Medical care Group Insurance Discounts

Healthcare insurance companies often charge more for group policies.  Many people make the assumption that if they purchase their health care protection through their employer or buy as part of an association that they will get a lower rate.  While this will perhaps be true at times, this isn't often true.

Families will often pay more for a group medical protection policy when compared to what they would pay if they applied as an individual.  You may be losing thousands of dollars per year if you have made the wrong decision in this area. 

Many consumers are affected because of this misconception.  This hurts those who are self employed.  This raises the expenses for families who have the choice to buy a group healthcare plan from their job or a private plan on their own.  Many people on COBRA could choose to buy a plan directly at a much lower price, but never get individual prices.

COBRA is just an employer-based medical insurance plan offered by your former job.  Since it's a group plan and since you will probably have to pay 100% of the cost, COBRA is usually very expensive.  It costs many consumers hundreds of unnecessary dollars more each and every month than the premiums of a similar family plan. 

The premiums for a health coverage plan is for the most part determined by the cost of medical claims of the people your insurance carrier associates with you.  If you are placed in the group that is composed of 23-year olds, you will probably pay lower premiums than if you are connected with a group of 41-year olds,.  On the other hand, if you are grouped with 21-year old women who have high blood pressure, you may pay more for your plan than if you are grouped with 42-year old individuals who have recently passed a health underwriting process with high marks.

Often if you purchase group healthcare insurance you will not be asked any medical history questions and will be offered a health insurance plan based only on your gender and age.  This is good should you have pre-existing conditions.  However, if you are in good health care, you will want to be grouped with those who have passed the carrier's medical underwriting.  Applying for a health insurance plan that asks health history questions is the only way to get into this group.

Group medical care coverage frequently costs more for this reason.  A carrier will pay more claims for the group it wasn't allowed to investigate. 

Most people think that a group health insurance plan will cost less due to the fact that, buying in larger quantity results in a lower cost when it comes to most other things.  Buying a two-year subscription usually cost less than buying two separate one year subscriptions.

One more reason people believe that group healthcare insurance is less expensive is that in many cases a place of employment will pay a portion of one's healthcare care coverage premiums.  This results in the employee seeing a dollar amount that is much less than what your job pays to the insurance company.

Since this is true, be certain that you are getting the most advantageous price and coverage by checking with all of the health insurance choices available to you.  You might be eligible for a group policy at your place of employment with a portion paid by your company.  Perhaps you will perhaps get a similar deal from your spouse's employer.  You may be able to find an individual healthcare insurance plan from a reputable insurance  carrier that sells to individuals and families.

Be sure that you check out all of your alternatives before buying a policy.  Believing that employer-based health insurance is lower in cost than an individual health care plan might cost you a bundle every year.