Sunday, 11 September 2011

North Carolina Group Health Insurance

Many Americans receive health insurance through their jobs or enjoy its benefits because a family member has insurance at work. The least expensive of its kind, this is known as group insurance. In a number of instances, the employer bears part or all of the cost.

Employers can offer you different types of plans: a fee-for-service plan, a health maintenance organization (HMO), or a preferred provider organization (PPO), for example. If you leave the job, you won't be entitled to the employer-supported group coverage and if you keep the same policy, you will have to pay for it yourself. A federal law called COBRA requires that if you work for in a company with 20 or more employees and leave your job or are laid off, you can continue to get health coverage for at least 18 months at a higher premium than when you were working.

In North Carolina, you can find many group insurance plans as they benefit both employers and employees. These plans help employers attract and retain employees while employees benefit from lower premiums and employer contributions.

There are many licensed health insurance companies in North Carolina and the highly competitive market keep premiums affordable. Because of their nation-wide networks, many regional and national insurance companies can provide coverage for North Carolina business' employees that live and work outside of North Carolina's borders.

Group insurance programs are flexible offering many coverage options. Employees can be provided a fixed program or offered a menu approach that gives each employee the ability to select the coverage options that best suit his/her requirements.

Apart from group medical and life insurance plans, other group insurance plans are available also from which a group program can be tailored: group medical insurance, group dental insurance, group vision insurance, group disability insurance (short and long term), group life insurance, business travel accident, and accidental death and dismemberment insurance.

To avoid employing additional staff for handling paperwork, group insurance companies these days are using toll-free telephone numbers and Internet websites for program administration.

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