Saturday, March 7, 2015

When Is Your Company Eligible For Large Group Health Insurance?

By Jeannie Monette

The seemingly increasing health costs makes it is practical to apply for group insurance these days. If one is not burdened in paying for such premiums, insurance becomes very handy. Large group health insurance is an option many choose to apply from instead of than applying for one on their own. Several questions usually come to mind with regards to group insurance before the application for such coverage is pursued. A few of the general issues and concerns about group health insurance are discussed below.

Having 51 or more employees is what California large group medical insurance is defined. Companies who are handling less than 50 people are considered to be a small group which falls under a different category. However, when planning on applying for large group medical insurance, the number of employees alone is not the only factor that needs to be considered. To be able to get the full benefits of large group insurance employees are required to have 51 or more full-time employees. What defines a full-time employee?

Employees who work with an average of at least 30 hours a week is considered to be full-time. On the other hand, those who have an average of less than 30 work hours a week are part-time employees and aren't included in the counting for large group health insurance eligibility. Part-time employees opt for single coverage instead with regards to their insurance coverage unless they become full-time. Regardless, a huge number of employees prefer group insurance rather than applying for their own.

Catering to the preference and needs of the employees is what group health plans deliver saving a considerable amount of time. Forgetting to pay for their insurance coverage is less likely to happen as these are deducted from employee's salary and since employers pay most of the costs. Also made possible is the simple and easy filing of paperwork and enrollment. Group insurance has also lesser chance of getting rejected upon its renewal since trust is built with the company.

Large group medical insurance also has a few of their very own set of drawbacks. Since the employer makes all the decision, employees don't automatically have the option to change their coverage. Less control is given over the policy as well as the coverage issues of the group as a result. With that said, employees are getting most of their benefits today as the pros usually outweigh the cons of group health insurance.

It is quite easy to look and apply for Los Angeles large group health insurance today. Several insurance companies have setup their services over the internet for easy access and viewing. A simple click of a button is all it takes to learn more about group insurance and how to apply for them.

About the Author:

No comments:

Post a Comment