When Buying a Corporate Health Insurance Plan

• Plans are guaranteed issue there are higher premiums.
• Cost are shared by the employer, with employees usually paying a smaller percentage.
• Group health plans can be non portable and when you leave.
• Occasionally, carriers cancel or non renew a group health plan.
• There usually is no medical exam or qualifion with company health insurance.
• There is shorter underwriting, with distribution of a company survey.
• With most employers who have over 20 employees, you can continue group benefits under COBRA for around 18 months after termination.
• Higher premiums usually offset by employer contribution.
• Increased premiums for group plans are spread out over larger number of people.
• For group health insurance, you need to have at least two or more employees
• Group plan members usually have to work at least 30+ hours per week.
• Companies have to self administer the plan or hire a third party adminstrator.