Posts Tagged group health insurance

Buying Personal Health Insurance: Really worth the trouble?

Buying Personal Health Insurance: Really worth the trouble?

Kamini is a thought leader and expert when it comes to Marketing for Consumer Goods companies. Four months ago, she joined her current marketing consultancy after stints with consumer majors spanning over two decades.

Kamini has had a mild Asthma since childhood but never had to worry about her medical bills, insurance, or health facilities or type of accommodation her entire work life. All the companies she worked for over the years had excellent group insurance coverage, generous medical allowances with no caveats on which hospital to choose and what room type to stay, what tests were allowed or the type of hospital facilities.

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Dealing With Health Insurance When You Are Laid Off

They say the last few years has not qualified as a Great Depression, but it sure feels like that is the case. From home foreclosures to bailouts, it has just been ugly all over. One are that has been really bad has been employment where we are seeing unemployment rates not seen since, well, the last Great Depression. The question for many people is what to do about health insurance when they lose their job.

The vast majority of Americans have their health care covered through their employer. The specific product is known as the group health insurance plan. Through it, the employer and employees team up to leverage their bargaining power. By doing so, they get a health plan from which people cannot be excluded by the insurer. The employees further benefit by having the employer pay half the premium or more and the employer gets a break since it gets to write off the costs in many situations.

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