Group insurance is a type of coverage that offers a range of life, health, and disability benefits to members of a group. It's typically purchased by employers or organizations that want to provide their employees or members with financial protection against potential risks. These insurance policies are offered through an insurance company, which underwrites the policy and provides benefits to eligible members. Let's learn about their offers below!

Medical Care

A group insurance company can help businesses provide coverage for medical expenses, including hospitalization and emergency care, as well as prescription drugs and procedures such as surgery or physical therapy. Many policies also provide coverage for routine exams and preventive care, such as immunizations and screenings. Depending on the policy, members may be eligible to receive reimbursement for out-of-network services.

Dental Care

Some group insurance policies include dental benefits, which can cover basic treatments such as cleanings, fillings, and X-rays. More comprehensive policies may also provide coverage for orthodontics or major restorative work such as crowns and bridges.

Vision Care

Many plans also offer vision care, which usually includes eye exams and corrective lenses. Some policies may provide coverage for frames and contact lenses as well.

Life Insurance

Group insurance policies may also provide life insurance benefits to members, which can help protect their families in the event of an unexpected death. These policies typically pay out a lump-sum benefit to the family of the deceased. The funds can cover funeral expenses, medical bills, and other costs associated with their loss.

Disability Insurance

Some jobs may be more dangerous than others, and in the event of an injury or illness that prevents a member from working, group insurance policies may provide disability benefits. These benefits often cover a portion of the individual's lost wages as well as medical expenses incurred during their recovery period. It's possible to get disability insurance from some plans even if disability didn't happen on the job itself.

Group insurance companies can provide a range of services and benefits to members of an organization or business. According to the United States Census Bureau, in 2020, private health insurance coverage continued to be more prevalent than public coverage at 66.5% and 34.8%, respectively. If you are a business owner looking to provide your employees with financial protection, a group insurance company, such as Burke & Burke Insurance Marketing, can help you ensure they're covered. Contact us today to get started.The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.