0
Group insurance is typically offered at your job. It is a group of people paying considerably lower insurance premiums to the insurance company. Sometimes the lower premiums only apply to the employees, when you add on family members it can be expensive, depending on the size of the "group." Some employers will pay all of or a portion of the employee's premium, making it affordable to add on family members. Most of the time you will need to sign up for the insurance during an "open enrollement "period. In most cases, if you miss the open enrollment period you can't get the insurance until the next open enrollment period.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What plan would provide greater benefits and have lower premiums?
Group insurance plan
If a person has a life insurance policy that is part of a group plan and if that person is no longer part of the group but continue to pay for the plan is the plan still valid when going to collect?
If the person is no longer part of the group but continues to pay for the plan, the plan may not be valid. Group life insurance typically requires active participation in the group in order to be eligible for coverage. It is best to contact the insurance provider to confirm the status of the policy and understand the terms and conditions.
Group Dental Insurance ?
form_title=Group Dental Insurance form_header=Keep your employees smiling with outstanding benefits, including group dental insurance. Does your business currently have a group dental insurance plan?= () Yes () No What type of group dental plan are you interested in for your company?= () Managed Care Plans () Indemnity Plans () Direct Reimbursement Plans () Other How many full-time employees do you have?=_
Which is the group name on the insurance card?
Most insurance cards do not have a group name on them, but they do have a group number. The group number is a number given to employer to identify the employee health insurance policy.
How do you collect on benefits on life insurance plan paid up in 1988 by Independent life insurance company of Florida or Georgia?
I have a insurance from federal group life insurance retirement plan .I like to know if they are in business
How much of a cost savings do group insurance quotes offer?
There is always a discount for volume. A group plan will always be cheaper than an individual plan.
Why do you need group insurance whats the difference with having group insurance and not having it?
Group insurance is advantagous to have because it allows you to participate in a group plan that generally lowers the costs for each participant, as it spreads the risk out over the entire population of folks in the group.
What is Key employee participation in group insurance plan?
This question does not make sense. Are you asking about "key man insurance?"
If you are switching from one group health insurance to another group and have a pre-existing condition how long a time between is considered to be a gap in insurance?
Is this an employer group plan? 63 days
What is a group health plan?
A group health plan is a type of Health Insurance, generally offered by a company to its' employers. It allows a company to cover many people with insurance at a cheaper rate than it would be if each individual had to cover their own health insurance policy.
What is the benefit of group health insurance?
Group health insurance is more beneficial than individual group plan because it comes to the individual for free. This is the best way one can get health insurance and medical benefits while saving money.
What is a benefit of the company Foremost Insurance Group?
Foremost Insurance Group is perfect for a business owner. They work hard to find the best plan for you. They are very concerned with your employee's safety.
