4 Facts About Group Health Insurance That You Might Not Know

group health insurance

We live in an age of extreme awareness about things happening around us and across the globe. Particularly in terms of health, even if most people understand how important it is to stay healthy and fit, they do not feel the need to buy health insurance. It is where the role of employers becomes important - to keep their workforce insured. As per statistics, the count of Indians with health insurance by business type has increased over the last few years. Statistics show that more employers are now concerned about the health of their employees. It is why they resort to group health insurance to create a shield for their health protection.

If you run a small business in India, you might not know much about the importance of buying a group health insurance policy. Under this plan, you can protect your employees from facing a financial burden during medical emergencies. As a result, you can expect higher productivity at work and higher employee retention rates. Also, buying the right group health insurance policy from an insurer or insurance broking firm is crucial to offer adequate health coverage.

Here are four facts about group health insurance that you might not know:

It Covers Pre-existing Diseases from Day 1

Although group health insurance coverage is like that of individual health insurance, there are some key differences between the two. The premium of an individual health insurance policy depends on an individual’s health condition. If he or she is diagnosed with pre-existing diseases, the premium may vary. Also, there is a waiting period of a few years to cover critical illnesses.

However, the inclusion terms of group health insurance are quite different. In general, employee health insurance policies cover pre-existing diseases immediately. You can also customize the plan based on your business-specific needs and extend the cover to encompass chronic ailments like hypertension as well.

No Medical Checkups are Required

The process of buying individual health insurance starts with medical tests. Based on test reports and other crucial factors, the insurer determines the premium and then offers the policy.

Wondering if you would need to get the medical tests of all your employees done before buying a group health insurance? You don’t need to do that.

Unlike buying individual medical insurance, no medical check-ups are required to determine the coverage eligibility of your employees. Also, they will stay insured as long as they remain a part of your company.

Copay Terms Can be Removed

Just like a deductible in motor insurance, copay of a group health insurance policy is the share of the claim (in %) that the insured employees need to pay during claim settlement. It is defined in the policy copy and usually ranges from 10 to 20% of the claim amount.

A less known fact about group health insurance is that you can remove the copay terms from the policy. It means you can choose to offer comprehensive health insurance coverage to your employees under which they need not pay any copay during the claims. This flexibility to eliminate copay limit may vary from one insurer to the other.

It Comes with Tax Benefits

Tax benefits of group health insurance are different from that of individual health insurance. When you buy a group health insurance, the premium you pay is eligible for a tax deduction. But the insured employees won’t get any tax rebates.

Think Twice Before Selecting an Employee Health Insurance Plan

Buying a group health insurance plan for your employees is a gesture that says you care for their health. However, they can only get adequate insurance benefits if you choose the right policy. It is crucial that you don’t select an insurance plan randomly without researching. Ask for help from insurance broking firms like SecureNow to choose the policy that provides maximum coverage to your employees.   

Similar Articles

car insurance

Non-fault accidents often come with a host of misconceptions that can muddy the waters when it comes to understanding your rights and responsibilities. In this guide, we'll debunk some of the most common myths surrounding non-fault accidents.


Living down under, surrounded by gorgeous coastlines and plenty of sunshine, can sometimes allow us to focus on the good life and take our health for granted. It is easy to get lost in the hustle of daily life, but unforeseen circumstances can sometimes pull the rug from under our feet.

auto insurance

Even though every one of us wants to experience the thrill of driving fast, the wind going through our hair, seeing an empty stretch of road, and putting the pedal to the metal, there are so many consequences to it

Digital Transformation in Insurance: Key Technologies to Monitor

Digital transformation has transformed countless commercial industries. There is not a single industry on the face of the earth that has managed to escape the rapid digitalization around us. It includes the insurance sector as well, which has observed much quicker adoption of advanced technologies.


Term insurance plan has become one of the popular insurance plans, because of the comprehensive coverage and flexibility it provides. Amidst the various insurance plans with higher premiums and rigid policies, term insurance is more straightforward and affordable for most of the population


With customers turning to insurance policies as their first option in offering protection to their families and diversifying their investment portfolio, the insurance industry is also changing with the evolving needs. 

car insurance

You need to select a suitable motor insurance policy. Various policies have various features to offer. Different policies also come with different prices. Therefore, it is so crucial for you to do some research before you buy it. 

health insurance

The majority of people believe that health insurance is required in old age or if someone is suffering from a critical illness. However, it is not valid. The environment in which we live today is not at all conducive to a healthy life. 


With spring and summer right around the corner, many people who are looking to start their own business may consider opening a landscaping business. This type of business is appealing for many people because it does not have a huge overhead.