Some employees give more weight to a companys health insurance benefits when it comes to choosing a new employer. This is readily understandable since healthcare is a vital concern that can directly impact an employees life.

For those who may not be too acquainted with group health insurance, also known as the companys health insurance, here are the more important aspects of this vital insurance coverage.

What is the Group Insurance Coverage?

A group health insurance coverage is defined as an insurance plan that is designed to provide health coverage to a group of people, usually the employees of a company. This insurance coverage is integrated as company benefits to eligible employees. This coverage should be offered for free to employees while some may require a contribution from the workers if employees want to include their families.

Who are Eligible under the Group Health Insurance?

It is to the discretion of the employer which employees they wish to include in the group health insurance. It is also to the discretion of the employer if part-time staff should be included in the group insurance. Many companies with group health insurance also have extended benefits for the dependents of their employees while some firms may make inclusion of dependents as optional.

Can Small Companies have Group Health Insurance?

Small companies can take out group health insurance as long as they have a minimum of usually two to three employees. However not all insures will quote for a small company that has just two employees. Most insurers require a minimum of three employees before they will provide a quotation. The level cover provided by insures for these small companies will generally be the same as those offered to larger ones.

Nature of Health Insurance

Group health insurance covers acute medical conditions, that is, curable conditions of employees. The benefits available to employee will depend on the level of cover provided by the company. For the more expensive plans, employees may enjoy higher medical benefits such as being covered in full for most private medical treatments. Depending on the plan, employees may be asked to shoulder a certain percentage of the medical expenses incurred.