How helpful are Employer Sponsored Group Health Insurance Policies?
The importance of employee benefits, especially when it comes to Group Health Insurance is often overlooked and neglected as most of your employees may not understand its advantages. Here are some of the most common features from a few top employee benefits providers from the health Insurance Industry that make a lot of difference:
Tailor-made competitive premium plans
Additional health cover for those who already have family or individual health insurance policy
Medical check-ups are not required to qualify for the cover
Policy cover is applicable from day one
Maternity benefits come along with some exclusive features
These plans are usually 30% cheaper than individual health plans
Lower premiums with higher sum assured
Many policies also cover pre-existing medical conditions
Cover is not denied based on age or medical history
Boarding expenses, surgeon/anesthetist/consultant fees, anesthesia, oxygen and diagnostic materials along with X-rays and dialysis costs are a few things that many policies cover
Cashless treatment facility and direct settlement of bills with hospitals
Pre and post-hospitalization charges are included
Certain procedures like chemotherapy, eye surgery and tonsillectomy that takes less than 24 hours of hospitalization may also be covered
Domiciliary expenses coverage, waiting period waiver, first year exclusions, ambulance charges reimbursement are the other optional benefits that are available in many group mediclaim plans.