Medical Expenses Insurance, Hiring Within a Group or Community

A Group Insurance is an insurance policy like any other, but within these many people are insured together, whether they are employees of the same company, or of some related group. For example, the company "Acmé" decides to offer Medical Expense Insurance for all its employees and within this policy, it ensures its collaborators. They could even offer to ensure relatives of these. The advantage of this is that by ensuring everyone is in the same plan, a better price will be obtained because the insurer considers the volume or number of insured. That is, it will not cost the same if it is done jointly than individually.

However; It is also not the same if it is a group of 5 people than 1000. Thus, the insurer will offer an even better price. Thus, belonging to this or adhering to one of these plans will offer you the possibility of having insurance with a much better price and with the operation and use practically the same as an individual one.

One consideration is that being a common policy; all policyholders will have exactly the same coverage and conditions in their plan. Therefore, it is not possible to make changes in any of its coverage or conditions, such as the type of Hospital, the deductible, the form of payment, validity, etc. All the insured of the group must have exactly the same conditions. Sometimes a policy may have subgroups where the coverage varies a bit. But you cannot request a change and that each one has coverage or payment methods different from the rest.

When you join the group, you will be charged only the proportional part of the day your coverage begins and until the end of the validity of the group policy. This so that you have the same "calendar or validity". Your renewal will coincide with everyone's and now your validity and payment will be for the full year. This is so that you have the same validity and payments for all.

Due to the fact that your registration in the insurance has no way to be reversed, there is no grace period in any of the payments. In other words, the payment must be made before the deadline, or else you will be discharged. If someone's payment is not received and the validity begins, the rest of the insured should pay their proportional part; For this reason, if we do not have the payment so as not to prorate its cost with the rest, it is requested that the policy be withdrawn at expiration.

Regarding the operation or use

At the time the contracting company of the group sends your registration/entry request. At that time the insurer updates its list and you will be insured. The fact that our company requests your registration is enough for you to have coverage and service based on your request. And the corresponding documentation will be issued after your registration and payment. This will take a few days after your payment and deposit. Later, you will be given an Insured Kit for the identification and use of your insurance. With cards and documents that support your plan. Technically you are insured from the notification/payment, but the issuance of documents is later.