What Is Group Health Insurance?

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Group health insurance plans typically require at least two eligible people. Find out more about group health insurance with help from an insurance broker in this free video clip.

Part of the Video Series: Personal & Health Insurance Tips
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Video Transcript

Hi, my name is Susan Combs, and I'm an insurance broker with Combs and Company. Today, we're going to talk about group health insurance. So group health insurance, to be defined as a group in most states, you need to have two eligible lives. That means that you have to have two employees that are on legitimate payroll where taxes are deducted in order to be considered a group. Then groups can be broken down further. You can be considered small group which in most states they consider that less than 50 lives and then you have large group that is typically considered over 50 lives. The good thing about group coverage is usually it's less expensive than what you can get as an individual. It's seen as an employee benefit and you have more buying power by having more bodies associated with the plan so that's how it ends up typically being less expensive. So what you need to do is to see if there is group coverage available you need to talk to the HR professional at your company and see what plans that would be available and see what's going to be the best option for you.


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