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Group Medical and Health Insurance

Nonprofit organizations and non-governmental agencies (NGOs) often purchase group health insurance policies to provide coverage for all their staff members. The provision of health insurance coverage by such employers offers a strong incentive for personnel to stay with the organization in the form of an enhanced benefits package. Group health insurance can also mean that employee sick days and their associated costs are minimized. According to a CIPD Absence Management Survey report, every individual worker takes an average of 7.7 sick days each year at a cost to employers of more than £600 per employee, so any reduction provided via a group health policy definitely has cost-reduction implications.

Group health insurance policies are designed to cover all individuals in a group that are named in the policy. While the policies generally cover employees at a company, they may also be use by professional associations, societies, and clubs to provide members with the chance to obtain health care at lower costs. Group health insurance plans offered through professional associations provide the perfect way for self-employed individuals and freelance workers to receive medical coverage.

When the insurance is offered through a company, it may form part of a benefits package, or it may be an optional choice for workers that requires a partial or full funding contribution from the individual covered. Even in cases where an individual must pay the entire cost, group health coverage still provides good value for the money and will be much less expensive that any private health insurance plan.

The main benefit of group health care insurance is that it provides a cost-effective way for organizations to ensure the health of their workers. It also works to reduce work absences resulting from illness and ensures that key personnel can receive access to treatment on schedules that mesh with business operations.

Group health insurance policies also function as enhancements in a provided benefits package. Often, this can be the difference between retaining key staff members and losing them to another organization. This is especially important for non-profits, which offer salaries significantly lower than firms in the commercial sector. Group health insurance also represents a critical element in the creation of appealing remuneration for UK health professionals.

Charities and fund-raising organizations in the United Kingdom are facing tough economic times, and any means of reducing costs has taken on great importance. In addition, few of these organizations have the time to search for and compare the features of all the available group health insurance policies on the market. This is where DataHealth comes in. We can find the best coverage and the best prices by examining the market place of group health insurance policies from the top insurance firms.