Group Health Information
Health insurance is complicated, but Home Loan Insurance can help you. Whether you’re shopping for an insurance plan for the first time or trying to stretch your health care dollars, our team can help you navigate how health insurance works, what plans cover and the benefits of individual coverage and group coverage. In the end, we’ll make sure you get the most appropriate coverage.
Group Health Insurance
What Is Group Health Insurance?
Group coverage is health insurance provided by an employer or by an association, such as a union, to its members. Typically, group health insurance plans offer the same benefits to all members of the group and their dependents.
Since the definition of a group or employee can vary by state, call us at 970-243-6600 to find out any other insurance requirements in Colorado. When helping clients manage a group insurance plan, Home Loan Insurance can provide resources and guidance along to way to employees.
Pros of Group Health Insurance
Group health insurance is fairly common, so most people are familiar with its structure. Enrolling in a group health insurance plan takes away most of your own guess work with networks, deductibles and premiums. Additionally, advantages of group health insurance include:
Individual Health Insurance
What Is Individual Health Insurance?
Individual coverage is health insurance you buy on your own. Since there are hundreds of options to pick from, Home Loan Insurance can help you navigate available individual plans to find which one provides the best coverage for you and your health care needs.
Pros of Individual Health Insurance
With health care reform, there are new advantages to buying individual health insurance plans. Now, people can feel empowered to take control of their health care decisions. Advantages of individual health insurance include:
Customizable plan options and coverage
Choice of network and medical providers
Coverage continues after job loss or change
Can I Be Denied Health Insurance if I Have a Pre-Existing Condition?
The Affordable Care Act (ACA), made it illegal for Americans to be denied coverage or charged higher rates for pre-existing conditions. Also, if your health changes and you develop a chronic medical condition while enrolled in a heath plan, your rates cannot increase. The only exception to this is if you were enrolled in a health plan that started before 2010, when the ACA was passed.
How Much Does Health Insurance Cost?
Plan choices and premium costs can vary, so call Home Loan Insurance today at 970-243-6600 or request a quote online. We can help you find the best option for you and your family.