• Covers pre-existing diseases
What is Group Health Insurance?
Many Vermont residents receive health coverage through an employer-sponsored group health insurance plan. Such provided coverage is usually presented as part of employees’ overall compensation packages, and it can account for a notable portion of their compensation.
Group health insurance plans offer coverage to a defined collection of people. The insured group is frequently a business’ employees, but it can be another collection. By providing collection to multiple people who are part of a single group, this type of health plan is distinguished from personal health plans that insure individuals, couples or families only.
Who Are Group Health Plans Available To?
Broadly speaking, anyone who is a qualifying member of an insured group is able to participate in that group’s health plan. This includes both group members who are lower or preferred risks, as well as those who fall into higher risk categories.
For group members who have health conditions that place them in higher risk categories, the ability to obtain coverage through a group health plan can be especially important. Whereas coverage through a personal plan might not be available or be more expensive, group plans normally don’t base individual members’ premiums on their health condition. People who are in the same group plan usually pay the same premium for the number of people they’re having covered (e.g. only themselves, themselves and a spouse, or themselves and their family).