Group Medical Insurance policies provide valuable protection and financial support to employees in the event of severe medical crises. This solution offers numerous benefits, ensuring a healthy and productive workforce. In this article, we will explore the importance of group medical insurance, its advantages, and the role that Assumed Name Insurance Brokers (ANIB) play in providing comprehensive coverage. We will also discuss the consequences of lacking medical insurance and the distressing reality it entails.

Aligning with Global Health Goals

The World Health Organization’s strategy, such as the Thirteenth General Program of Work, 2019–2023 (GPW 13), focuses on improving healthcare worldwide and sets targets for health emergencies. Group medical insurance aligns with these targets by providing quality health insurance coverage.

Benefits of Group Medical Insurance

• Lower Premiums: Group health insurance policies offer the advantage of lower premiums compared to individual plans. Research conducted in 2018 by eHealth showed that the average premium cost per individual in a group health insurance plan was $409 per month, compared to $440 for an individual plan. Additionally, the study revealed an average annual deduction of $3,140 for group plans compared to $4,578 for individual plans.
• Family Coverage: Group health plans often allow for the inclusion of family members at an additional cost, providing crucial support for families facing high healthcare expenses. This sense of care enhances employees’ job satisfaction.
• Tax Benefits: Group medical insurance plans provide tax benefits to employees, including pre-tax premium payments and small business healthcare tax credits for employees earning less than $50,000 per year.
• Comprehensive Coverage: Group medical insurance extends to various medical needs, offering health plans through the Small Business Health Options Program (SHOP) Marketplace and covering a minimum of 50% of the cost of health services. This comprehensive coverage includes treatments, medication, and hospitalization, ensuring that employees can access their healthcare needs.
• Reduced Overall Costs: Group medical insurance reduces overall insurance costs by distributing the risk among employees. This leads to optimal medical coverage and improved financial stability for both employees and employers.
• Financial Security: Medical emergencies can be financially burdensome without proper health coverage. Group medical insurance provides a sense of financial security, allowing employees to focus on their work without the stress of overwhelming medical bills.

How ANIB Helps

ANIB understands the importance of tailor-made insurance solutions. Their personalized group medical insurance plans analyze an organization’s nature and employees’ demographics to ensure suitable benefits.

ANIB’s experienced insurance advisors guide clients through the process. They understand the unique challenges faced by businesses and their employees, providing relevant recommendations that help businesses invest in the right insurance plans and deliver maximum value.

ANIB provides support throughout the claims process, recognizing the challenges employees face during medical emergencies. Their team works closely with clients to ensure timely financial support and provides emotional support to employees during difficult times.

With an extensive network of healthcare professionals, including clinics, hospitals, and specialized medical centers, ANIB ensures that employees under group medical insurance have flexibility in choosing their healthcare facilities. Additionally, ANIB offers 24/7 customer support, readily available to address health-related queries.

Conclusion

Group medical insurance is essential for securing the health of employees. Its benefits include comprehensive coverage, a healthier workforce, and cost savings. According to a survey by the National Business Group on Health, employers offering group medical insurance experienced a 28% reduction in sick leave and a 19% reduction in healthcare costs compared to those without such coverage. ANIB ensures proper support, expert advice, and valuable solutions for group medical insurance, ultimately saving lives and contributing to a healthier society. By investing in this important insurance option, we can improve healthcare access and create a healthier future for everyone.