Group Health Insurance
I’m a small business owner with 7 employees. Can I get group health insurance?
I’m a small business owner with 7 employees. Can I get group health insurance?
- Employee retention: Great perk that costs less than salary hikes
- Tax benefits: Premiums are business expenses
- No medical check-ups: Coverage starts from day 1
- Family coverage: Employees can include spouse and children
What's covered under group health insurance that individual policies might not cover?
Group policies often have better benefits:
- Pre-existing diseases: Covered from day 1 (no waiting period)
- Maternity: Often included with short/no waiting period
- Health check-ups: Annual preventive care
- Dental and eye care: Sometimes included as add-ons
- OPD treatments: Available only if specifically added by employer
How do we handle claims for a group policy?
It’s actually simpler than individual policies:
01
Cashless treatment
Employees use group insurance card
02
Reimbursement
Submit bills to HR or insurer directly
03
Family coverage
Spouse/children use same process
04
Online portal
Most insurers provide employee login for claim tracking