Group Health Insurance Quotes for Small Business Health Insurance Policies. Get multiple group health insurance quotes and compare coverage without cost or obligation.
Group health insurance quotes will vary depending on the coverage desired, your location, your current health and numerous other factors. Guidelines vary by state and company that writes the health insurance policy. Whether you are applying for individual coverage or group will have an effect as well.
Companies providing group health insurance quotes, usually offer HMO’s, PPO’s, and custom health plans designed for specific group needs depending on state and company requirements. Most companies offer a wide variety of deductibles and co-payments that allow the consumer to tailor benefits with premium cost.
Group health insurance quotes can be complicated. Always consult a qualified, licensed professional when looking to purchase group health insurance quotes or financial products and services.
Some companies that provide group health insurance quotes are (not all companies are available everywhere, be sure to check with your local broker or agent for availability)
o Blue Cross Health Insurance
o Blue Cross Blue Shield
o Golden Rule
o Kaiser Permanente
Group health insurance quotes are for a policy which is a contract between the insurance company and an individual or business owner (Group). The contract can be renewable annually or monthly. The type and amount of services and costs that will be covered by the plan are specified in advance, in the member contract or Evidence of Coverage booklet. The individual policy-holder’s payment obligations may take several forms:
o Premium: The amount the policy-holder pays to the plan each month to purchase coverage.
o Deductible: The amount that the policy-holder must pay out-of-pocket before the plan pays its share. For example, a policy-holder might have to pay a $500 deductible per year, before any of their health care is covered by the health plan.
o Copayment: The amount that the policy-holder must pay out of pocket before the plan pays for a particular visit or service.
o Coinsurance: Instead of paying a fixed amount up front (a copayment), the policy-holder must pay a percentage of the total cost.
o Exclusions: Not all services are covered. The policy-holder is generally expected to pay the full cost of non-covered services out of their own pocket.
o Coverage limits: Some plans only pay for health care up to a certain dollar amount. The policy-holder may be expected to pay any charges in excess of the plan’s maximum payment for a specific service.
o Out-of-pocket maximums: Similar to coverage limits, except that in this case, the member’s payment obligation ends when they reach the out-of-pocket maximum, and the health plan pays all further covered costs.
Please Note; the previous information is provided for general informational purposes only and is not intended to be construed as advice, recommendations, suggestions or consulting in anyway shape or form. Insurance laws, policy coverage’s and insurance company guidelines can vary greatly from state to state. Be sure to consult with a local agent or broker licensed in your specific state.