Looking for Florida group health insurance? Here's how to get the best rate with an A-rated company.
What is Group Health Insurance?
Group health insurance is the most common type of policy in the United States. Typically, it is a policy that an employer purchases and offers to employees as a benefit. Costs are lower for the insured because the premium rates are lower than for individual policies, plus the employer usually pays part of the premium.
Other groups can also offer group insurance policies, such as fraternal organizations, credit unions, and alumni groups. In addition, self-employed people can be considered a ?group of one? and can qualify for a lower group rate if they can prove they are a legitimate business.
Lowering Your Costs
To save money on group health insurance plans, it?s important that you shop around for the best policy. Rates and features vary widely among insurance companies, so you need to comparison shop.
The easiest way to do this is to go to an insurance comparison website and fill out a simple online questionnaire. You'll receive quotes from multiple A-rated companies, allowing you to match your insurance needs to the best plan for the lowest cost.
You also want to make sure you consider all your insurance options. A variety of insurance plans are available today, from the traditional comprehensive plan we are all familiar with to less expensive variations such as:
* Major medical plans
* Managed care plans including Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs)
* High deductible plans
* Health savings accounts
Check Out the Insurance Company
Finally, before you sign up for any group coverage, make sure the company you choose is legitimate and financially sound. To check out an insurance company, go to your state?s department of insurance website. You can also go to the A.M. Best website () to check a company?s financial stability.
Where to Get the Best Rate