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Advantages of Group Health Insurance scheme

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  • IDEAS Advantages of Group Health Insurance scheme

    Group Health Insurance is an insurance scheme provided by the insurance companies for a group of persons, such as the employees of an organization at a reduced individual rate. Most of the companies provide group health insurance schemes for their employees, which helps the employees to receive health treatments without any cost they need to pay. Group health insurance ensures the employees of an organization to receive medical treatment quickly so that they can avoid waiting long time in queues and other sufferings.

    Group health insurance offers lots of advantages to both the employer and the employees. As far as an employer is concerned, the group health insurance scheme will provide enough medical treatment quickly for the staff of his company and thereby ensures speedy recovery from diseases and keeping disruption owing to illness in the office to some extend. The employee can also provide more focus on his/her job as there is no need to worry thinking about the time they want to wait for the treatment on the NHS, or suffering undue pain, or for a diagnosis.

    Group health insurance plan offers several valuable benefits for an employee. The main advantage of becoming a member of the group health insurance scheme is that the insured doesn’t have to pay large premiums for taking a private health insurance plan. The employee can work without being worried of their health as he/she will surely get quality medical help immediately if needed.

    There are several health insurance companies offering group health insurance schemes. Most of the health insurance companies, as part of their Group Health Insurance Plan, provide the insured (the employees of the company) to take a ‘health check’ once in every year at any private hospital with which the company has tie-up. The health checks will cover a complete check up, which include height, levels of fitness, weight, blood tests, blood pressure. The health checks are done so as to check whether the insured employee is in a good health or to find out a so far undiagnosed condition. What ever be the purpose, the health check is considered to be beneficial for the employee and the employer.

    For those individuals who are not a member of the group health insurance scheme has to pay about $150 upwards to perform a complete health check. Hence this is considered as an added advantage for those who are in the group health insurance scheme. Group health insurance also helps to boost the morale of the staffs as they will know that their employer is providing special care about his employees.

    Group health insurance schemes will differ from one insurance provider to another. The insurance coverage will also change according to the schemes you select. But there are certain factors which all the group health insurance schemes will cover for:
    • - In-patient and day-patient treatment
    • - Out patient treatments such as physiotherapy
    • - Free Help lines such as a GP Helpline and Stress Counseling Helpline.
    • - Specialist consultations after getting a referral from the employee’s GP

    Group health insurance policy differs from one insurance company to another. It is always advisable to compare different insurance companies before selecting a group insurance policy. Select the one which suits your company.

  • #2
    Having group health insurance typically comes from an employer. There are many advantages when compared to individual insurance and those advantage are for both the employee who get the insurance and the employer who offers the insurance.
    Small business health insurance can save money:
    There are a lot of advantages of group health insurance and one of the biggest one is cost savings. This helps the employee who finds that they can afford insurance for themselves and their family but it also helps the employer who wants to give their employees good insurance that they can afford to help with.
    Lower cost due to a larger risk pool:
    Among the advantages of group health insurance for employees it is the higher number of people in the pool group that is getting the insurance. When more people are included, there are more options for more people, generally at a lower price than what would otherwise be available.​​​
    • Better insurance plan offered
    • A lower price for insurance plans
    • More coverage of pre existing conditions ​​​
    When you look carefully at the advantages of group health insurance, it is easy to see that there are a lot of reasons to consider it from the employee standpoint.
    Tax incentives for offering health insurance to employees:
    The advantages of group health insurance are not just for the employee. They are also available to the employer, in the form of a small business health care tax credit. This is offered to businesses that give their employees insurance and pay part of their premiums.This is one of the biggest advantages of group health insurance from a employer’s perspective.
    Positive work environment and happy employees:
    Employees that are happy are employees that work hard for the company. That is one of the more subjective or hidden advantages of group health insurance.
    • Employees who appreciate their insurance
    • Employees who are about their employer and their job
    • Employees who see that they can build a career at that company
    • Employees who feel valued and appreciated
    ​​​​​​​All of those things are pretty important as advantages of group health insurance, and they can go a long way toward making employees and employers feel better about their working relationship.


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