October 10, 2007 at 12:00 am
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Health is wealth, says the famous clich้. Keeping the body in perfect shape is important. But equally important is having access to proper medical care. There are is a wide range of insurance policies that employees can avail themselves of, including health insurance policies.
What is health insurance?
By its literal definition, health insurance is that kind of insurance wherein the insurer pays all of the medical costs covered by a customer
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October 10, 2007 at 12:00 am
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To discuss the terminology Group Health Insurance, we must first familiarize ourselves with the concepts Insurance and Health Insurance.
Insurance is a kind of protection, a safety net against unforeseeable losses. No one knows what the future holds, and insurance is a good way of preparing for what may come. Health insurance is a protection against medical costs. The insurer pays the cost of the insured person if the latter falls ill - due to accident maybe, or any of the covered causes. Magnify the health insurance more than ten times over and you get the Group Health Insurance.
Group Health Insurance is a health coverage based on a group of people under a company or an organization. The cost of the insurance is allotted among the members of this group. The group enjoys a wide range of benefits of Group Health Insurance. A master contract or policy is issued to their employer or to any of the group
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