Imagine going through the pain of a divorce, well imagine making it that much harder and while you are going through the divorce you find out that you no longer are eligible under your ex-spouse’s health insurance plan. Unfortunately, this is the case for the millions of couples who decide to call it ends every year. To deal with the pain of a divorce is bad enough already with all of the stress that is created as a result of the split, and as we all know, stress is very bad for our bodies. So during a time that our bodies may be the most vulnerable many people are losing their health insurance, which for many people is the difference between seeking health care and remaining sick. For people who may be in this situation there may be a way out, and that is through affordable group health insurance policies. There are still many health insurance options out there for you to look at so that you and your loved ones can get health care coverage.
For many people there is affordable group health insurance offered through their main employer, or through their local labor union. The point of group health insurance is for a group of people, like a company, to be insured under the same plan. This is often done through an employer or even sometimes the head of an organization you may belong to, who will offer a choice of affordable group health insurance plans to the company employees to choose. You as an employee of the company are able to choose the plan that best fits your family. Things to keep in mind when picking a plan is the type of coverage you and your family may need, and the amount you are willing to pay monthly for the insurance you chose which is called an insurance premium.
There are many benefits to group health insurance, the first being that normally it is much less expensive than an individual plan, which may cause you $400 a month. This is a huge benefit for families who may not have a ton of money to spend on insurance. Also, you are more likely to be insured through a group health insurance company than with an individual health insurance company because when you apply for an individual health insurance policy you have to go through a doctor’s exam. For many people the medical exam could be the deciding factor as to whether or not they become insured, for people who are suffering from preexisting medical conditions it may be very hard for them to get insurance under and individual policy.
With affordable group health insurance policies it is very unlikely that there will be a doctor’s exam. This is because with group health insurance the number of people who are sick and the number of people who are healthy tends to balance out and create an equilibrium for the insurance company.