Chancy Bella

  Businesses and Group Health Insurance Group insurance is a type of insurance plan that an employer provide the company employees at a discounted rate from insurance provider. From the term “group” itself, it simply implies that in a group insurance, employees are concerted in this plan having the same level of health coverage. Because the plan comes in bulk of people, having this plan reduces the plan premium costs and speed up the whole process in getting the approval.  The company owner can also save more money since his or her own family and himself will be covered already by the group insurance company with no additional pay on top of the basic premium of the plan. But then again, it would be better to talk with the broker or the insurance agent who’s assisting you to get the guarantee on this benefit. Benefits of Groups Health Insurance The most affordable type of health insurance available in the market is group health insurance. Providing this kind of benefit to your...

Death is inevitable, but the impact can be minimised through proper planning and awareness. Many people are the sole breadwinners in their family. Their untimely and unforeseen demise becomes detrimental for the people dependant on them. Responsible people opt for a good life insurance policy and lead a peaceful life, assured of a financial cover for their family if anything happens to them. But sometimes the best of the efforts come to a nought. It is not uncommon for insurance companies to reject a false life insurance claim. An insurance claim may get rejected for a variety of reasons, knowing them could help in avoiding common mistakes. False Information The insurance industry works on trust and proper disclosures. Concealing information even though it may seem trivial can lead to rejection of a claim. People often hide their smoking and drinking habits while filling the application, for example, of a term insurance plan . It may reduce the insurance premium but when your family ne...

Entrepreneurs may be known as natural risk-takers — after all, it takes guts to go out on your own and create something entirely from the ground up — but when it comes to life insurance, risk-taking is not an option. As an entrepreneur, you know more than anyone how integral you are to what you’ve built, and if anything should happen to you, your family and/or business can be left floundering. That’s why life insurance for entrepreneurs is essential. However, when it comes down to the wire, what kind of life insurance is best? There are a variety of policies to choose from, but for entrepreneurs, there’s one kind that stands out. What is No Exam Life Insurance? No exam life insurance is life insurance that you can get without undergoing a medical exam. This differs from traditional policies that do require a medical exam. There are many benefits of this kind of insurance. Easy approval since not much underwriting is involved Approval takes days or weeks as opposed to months You don’t h...

Small business health insurance packs a big punch. It shows that you truly care about your team’s well-being and success — both inside and outside the workplace. And when you’re just getting started with health insurance, deciding whether to go with group insurance is one of the first choices you’ll have to make. Luckily, you’ve landed in the right place. This article will break down the main benefits of group health plans, so you can make an informed decision for your team.  How do small businesses think about benefits? Let’s first lay out how employers think about the entire benefits process. The Guardian Workplace Benefits Study found that companies view offering health insurance through three vantage points: Saving as much as possible Doing everything they can for their employees Striking a balance between the two Around one in three companies care more about cost, while one in four are more focused on the value it provides to their team. And 40 percent believe it should be a h...

For business owners and employers looking to move into the future, offering   small business group health insurance  is a great first step forward. But what are the advantages of group health insurance plans for businesses? What does it take to  get started —and is there anyone out there who can help you enroll in the right plan? Read on . . . The Power of Group Health for Businesses Extending health benefits is a way to help employers: Improve employee morale Boost productivity Retain the team you have in place Recruit new hires more easily Studies have shown  that health insurance is the benefit type that matters most to employees—beating out vacation time, pensions, and even retirement benefits. Similarly,  surveys suggest  that the vast majority of potential employees would take a job with lower pay, and stick around longer, if the position came with better health benefits. Group health insurance is a powerful way to provide for the people who do great ...

  A group health plan offers coverage to a group of people, such as society members, employees of an organization, or a community.  Several large companies acquire group insurance plans for their employees. The company pays the premium for the policy on behalf of the covered employees. In most cases, at least 10 members are required to avail of a group health plan. There are numerous advantages of procuring group health insurance. Because a large number of individuals are covered under a single plan, the insurance companies offer significant discounts on the premium. Therefore, group insurance plans are more affordable when compared to an individual health insurance policy. Here are the benefits for the employees covered under a group plan: 1.     Default insurance coverage Every member in the group is automatically covered under this kind of a health plan. Therefore, employees are secured with some basic minimum coverage even when they do not have an individua...