Group Health Insurance Plan Information

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A group health insurance plan has a number of different benefits that cannot be ignored. Get group health insurance plan information with help from the president of the Stratford Financial Group in this free video clip.

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Hello, I'm Jeffrey Ingalls, president of Stratford Financial Group and Stratford Employer Services in Wayne, New Jersey and right now we're going to talk about group health insurance plan information. Group health insurance refers to the employer sponsored health insurance program at a company or organization. The carrier and the plans to be offered are selected by the employer. Premiums are billed by the insurance company to the employer and are often paid by a combination of employer payment as well as employee contributions. Most carriers will allow employers to select from a pre-defined menu of plan choices including indemnity plans, high deductible plans and managed care plans such as PPOs, point of service plans, EPO and HMO programs. Depending on the employer's funding method and the availability in the state and the market segment, the plan will also be rated using a manual or community rated method and may be medically underwritten or may be issued on a guaranteed issue basis. In most cases, the selected carrier, plan offerings and rates will typically be offered and guaranteed for a period of one year which would equate to an annual renewal. My name is Jeffrey Ingalls. I'm the president of Stratford Financial Group and Stratford Employer Services in Wayne, New Jersey. We can be found online at www.stratfordlink.com and you just watched group health insurance plan information. Thank you.

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