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How To Buy A Group Health Insurance Policy

Group health insurance is a policy that covers all individuals in a group. It is obtained by employers to provide health benefits to the employees.

If you wish to buy group health insurance policy for your employees, here are a few tips for you:

  • Determine clearly the type of insurance that you need.
  • Consider buying a policy online. You will get most competitive rates.
  • Get quotes from at least three insurance companies and go over the coverage details.
  • Plan on group insurance coverage in such a way that you get maximum benefits for the lowest possible premium.
  • Work out the premiums payable by you and paid by employees too.
  • Choose a dependable insurance company.
  • Go over the limitations and exclusions like long term care and critical illnesses.

Buying a health insurance is a great morale booster for your employees. It instill the sense of security and belongingness to the company. You can even ask for references to get the best deals.