Group Health Insurance

Group health plans are policies purchased to provide insurance for individuals that are in an established group environment or organization. These plans provide a set package to everyone in the group regardless of any health issues that a given individual in the group might have. That can be a very attractive benefit to potential employees or group members. Along with that, group plan rates can be more affordable than individual plans for an employee and they can offer attractive tax benefits to an employer but might have set requirements for minimum member participation in the program.

Again, there are no medical questions asked of individuals in a group that would restrict coverage. Premium rates however, take into account the percentage of healthy members versus sick ones so rates are sometimes negatively affected. Under no circumstances can individuals ban together to create a “group” for the sole purpose of gaining group insurance benefits. However, even as little as 1-3 persons can qualify for group insurance under the right conditions.