What is Group Insurance?
A group health insurance plan is an insurance plan that provides healthcare coverage to a select group of people. Group health insurance plans are one of the major benefits offered by many employers by Major companies those are offering the Group Benefits in Canada. These plans are generally uniform in nature, offering the same benefits to all employees or members of the group. These Plans are way chipper than the Individual plans.
Group Benefits are available from minimum 3 eployees to maximum no of people group those who works in a different different employer or with the company. More group people mins lesser cost that employee can bear & that is the reason the Group Benefits are way chipper than the Individual Health plans.
In Group plan coverage, it covers group health coverage & Group Dental Coverage. Both the plans have three kind of plans includes like Silver plan, Gold plan and Platinum plan. Each plan have different different kind of services will be available and cost will be depends on which plan you have choose inside the plan.
In Group Insurance plan, according to the company who offers Group Benefits plan, they might help you customize group benefits plan according the employer’s employee size mins how many people works in that company and according they will adjust all benefits.