What Is Group Employee Health Insurance

A Group Health Insurance is a type of health insurance plan that covers for a group of people who work under the same organization. This is often offered as a valuable benefit for employees as the premium for the same is borne by the employer. The group health insurance coverage can be extended to the family members of the employees in some cases. This insurance plan is also referred to as corporate health insurance or employee health insurance.

However, the price for the same is comparatively a lot lesser as compared to individual health insurance plans and also benefits employers in tax reductions, therefore making it beneficial for both the employer and employee.

Key Features & Benefits of Group Employee Health Insurance

• There are several group or corporate health insurance policies available in the market. Listed below are some common features present in all employee health insurance plans.
• Employee health insurance companies typically cover medical benefits for insured (self), spouse, children and dependent parents.
• Some health insurance providers cover pre-existing illness and maternity as well.
• Employee health insurance offers cashless hospitalization at network hospitals.
• Group health insurance can cover ancillary charges such as ambulance costs too.
• Some employee health insurance policies provide fee reimbursements of specialists and other medical practitioners for follow checkups.