Month: December 2015

Group health insurance versus individual health insurance

Whether you select a group plan or an individual insurance plan, purchasing a health insurance policy is very necessary today. Even though both the insurance types provide the basic insurance coverage, there are a few important differences between individual and group health insurance policies. Before determining on a precise kind of health insurance plan for the first time in your life, it is very significant to know from a health insurance agent about the kind of insurance coverage available in Fort Wayne, Huntington, Kendallville and IN. Whilst there are several ways to get health insurance policy from us at Health Insurance Shop, it is good to know what you may be eligible for before you start your health insurance search. Here, we have provided a succinct overview to apprehend the 6 main distinctions between individual and group health insurance plans.

	Group health insurance	Individual health insurance
1.	Cheaper	Costly
2.	Premium deducted directly from paycheck	Premium paid individually at a specific time
3.	Do not get any benefit	Eligible for a no-claim bonus
4.	Doesn’t allow you to apply for loans	Serves as an asset and allows you to pay for loans
5.	Medical tests aren’t compulsory before buying	Medical tests are mandatory before buying
6.	Only the provider can discontinue your policy	Only you can discontinue your policy

Which option do you feel is best for you?

Group and individual health insurance plans have their own pros and cons. While having group health coverage is very wise since being cheap yet it would be desirable to have some individual coverage as well since the individual health insurance gives you a lot of independence. Therefore, by maintaining an equal balance between both the types of insurance, you are surely going to have the maximum insurance coverage possible. Now, the choice is totally yours.

 

4 factors that affect and don’t affect health insurance premiums under OCHL

Most worrisome customers in and around Fort Wayne, IN, Angola, Huntington and Kendallville have said that they think their personal health insurance premium costs are skyrocketing every month but recent studies show the cost of these insurance premiums is going to differ widely, primarily mainly depending on factors like- the region where people live, the number of insurance companies and medical providers as well as the number of people who finally chose to register their names. Now, take a gander at those 4 factors affecting health insurance costs while setting premiums under Obama Care Health Insurance (OCHL) that has been discussed below:

1. Age is a factor- The cost for premiums is usually charged at a maximum of three times more for elderly persons than the younger generation people since they utilize more cost health care services.
2. Using of tobacco- Insurers can charge tobacco users for smoking maximum up to 50% or even more than those who do not use tobacco.
3. Location- Location, i.e., the place where you stay can have a huge effect on your premiums. Factors such as- competition, local regulation and the standard of living in different regions are very much accountable for affecting health insurance premiums.
4. Individual versus family enrollment: Insurers can charge more for a plan that also covers a spouse or dependents.

While the 2 factors that do not affect health insurance premiums under Obama Care Health Insurance (OCHL) are:

1. Gender
2. Current history or medical history

Obama care health insurance premium is paid every month to the insurer. At Health Insurance Shop, we cover the same and paying your insurance premium on time allows you to stay on your insurance policy. Why us? It is because of the following 6 reasons:

• Guidance for prompt and fair resolution of claim
• 24/7 hours of customer services
• Personalized services
• We find the right insurance policy for you at the right price
• Roadside assistance
• Specialty insurance

If you are involved in an accident without an auto or car insurance, then you come at the right place. You will get the largest amount of insurance coverage for the least amount of money from us today.

Group Health Insurance: Here’s What You Need To Know

Interested in group health insurance for your employees? Want to go through the process as simple as possible?

Group health insurance is mostly seen in the work environment. It is a type of insurance that the employer gets for his employees. This type of insurance has a comprehensive healthcare coverage for people who are a part of a certain group.

If you are in Angola, Auburn, Blufton, Fort Wayne, Huntington, and Kendaville, IN get in touch with a professional insurance company to get more details about how the process works.

Group health insurance: beneficial or not?

As to everything in life, there are advantages and disadvantages. One of the greatest advantage about group health insurance is its moderate premiums. Plus, there is no waiting period, you don’t need to present any medical records.

Group health insurance does not only insurances the employee but also his spouse, dependent children (up to a particular age), and dependent parents.

So, as an employee take the opportunity, because as an individual you cannot have this type of insurance.

The process of group health insurance

Health insurance group offers insurance to every member of a certain group. Every conditions and every terms are identical for every person which is a part of the insurance.

And every insurance company is different, so you might find different offers. Developing a group health insurance means a collaboration between the insurance company and the business owner. Based on what the customer wants, the insurance company starts developing it. Putting together a group health insurance takes time and effort.

Do you want to purchase group health insurance for your employees or do you want more information about it? Health Insurance Shop is at your service to help you achieve the best outcome for your business and employees.

Find them in Angola, Auburn, Blufton, Fort Wayne, Huntington, and Kendaville, IN.