The purpose of the group insurance is to protect and cover as many participants as it can, if not all. It creates a sense of security when you know that a group benefits plan includes the services and coverage that you need. When an employee who is a member of the group insurance needs medical treatment, he is compensated as per the terms of the contract.
Group Insurance Package
Group insurance coverage is an affordable package, as all members share the premium of the plan. For hard-working employees who want to save some money for their family, and for those employers who want to cut down on expenses, the group plan is a great option.
A package of group benefits plan typically includes:
- Short-term disability
- Dependent’s insurance
- Critical illness
- Extended health care
- An employee assistance program
- Accidental death and dismemberment
- Dental care
- Out-of-country medical coverage
- Life insurance
Group Insurance Coverage
Find out what is included in the coverage of your group plan and what is not. You can review the booklet of your group benefits plan and check if:
- It may increase the premiums later on.
- It includes restrictive details about disability.
- It provides coverage to your every source of income, including commissions and bonuses.
- It deals with inflation rates.
- It is possible to cancel it.
Group benefits plan are beneficial, but it is not tailored to a specific individual only. Considering that it consists of more than one member, sometimes it cannot address the needs of everyone. Make sure that you know and understand the benefits as well as the limitations of your group plan.
If it is necessary, you can increase your own personal protection by buying a separate plan for yourself. In that case, the coverage will be tailor-made for your needs regardless of the status of your employment.
A professional insurance agent will help you determine your options. At Roper Insurance Services, we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (828) 697-6709 or Click Here to request a free quote.