How To Get Group Health Insurance?
If you have been looking for health insurance coverage, then you may know that group coverage is typically more comprehensive and less expensive than individual health insurance. How do you get group health insurance coverage?
Group Health Insurance Through Your Employer
The easiest and least expensive way to obtain group health insurance coverage is by subscribing to your employer’s policy. Large employers can negotiate better raters for their employees. Also, many employers will pay part of your insurance costs. You will have the option of subscribing when you accept employment with a participating company, or during the company’s annual enrollment period.
Obtaining Group Coverage Through a Trade Organization
If you are self employed, or if health insurance is not available through your employer, another option is getting group coverage through a trade organization or guild. There are guilds available for nearly any type of self employed worker, including actors, freelance writers, contractors, and retail store owners. Because these organizations are often quite large, they have the power to negotiate with insurance companies to obtain attractive group coverage policies for their members. Keep in mind that these organizations may not offer group coverage in all states.
Becoming a “Group of One”
In some states, you can obtain group coverage by registering your business, and by listing yourself on your health insurance application as a “group of one.” If this is not possible, and you and your spouse own a business, you may choose to register the business as a limited liability company. This will allow you to obtain a group policy, listing yourself and your spouse as employees of the business. This is typically the least cost effective option, because the loss experience of the group is limited to the health history of you and your spouse – if either of you have had past illnesses, the premiums can be nearly as high as for individual coverage.
Related posts:
- How To Buy Group Health Insurance?
- Where Can I Sign Up for Group Health Insurance?
- Where Can I Get Health Insurance At Group Rates If My Company Does Not Offer Insurance?
- Who Offers the Best Health Insurance?
- How Health Insurance Costs Effect Employees?
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