Group Health Insurance
Disadvantages:
- Higher premiums to the employer
- Non portable when you leave
- Carriers can cancel your group coverage
Advantages:
- Everyone usually qualifies
- Shorter underwriting
- Can continue under COBRA for 18 months after termination
- Higher premiums usually offset by employer contribution
- Increased premiums spread out over larger number of people
For group health insurance, you need to have:
- Two or more employees
- Working at least 30+ hours per week
- To self administer the plan or hire a third party adminstrator
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