The Differences Between Individual and Group Health Insurance Services for Vancouver Clients
January 15, 2018
It’s important that you have a clear understanding of the various insurance options when you enter the marketplace. Our team at GreatWealth Insurance Services has a clear understanding on this important topic, and within our latest post, we’ll explore more on the main differences between group health insurance and individual health insurance options for Vancouver clientele.
Individual Health Insurance Allows You to Choose Your Own Plan
One of the main benefits of individual health insurance policies is that you can choose your own level of coverage and you’re not limited in terms of your options. Group health insurance plans are set to certain coverage levels, and obtaining coverage beyond those levels is often an option not available to employees.
Group Health Insurance Ensures a High Coverage Policy at an Affordable Price
For those seeking group health insurance in Vancouver, it’s important to note that the majority of policies will provide a high level of coverage. While some specific elements might not be included, you and your family might benefit from the group insurance more than you would the individual insurance option. The data also shows that group health insurance provides a comparatively high level of coverage at a lower cost than individual plans.
Group Insurance is Connected to the Employer
One of the major differences between group and individual insurance plans is that group health insurance is connected directly to the Vancouver employer. This means that in the event you lose your working role, you’re then stuck with having to find a new policy and obtain coverage again. Many people find this type of situation difficult to manage on a day-to-day basis, as it can mean they remain working in a job they dislike simply for the insurance.
Working with a trusted health insurance leader such as GreatWealth Insurance Services can ensure that you find that ideal policy. We can help you to learn the differences between the available policies and to make the ideal choice for your coverage requirements in the long-term. Our team has great experience in the insurance market and is here to help guide you forward. To discover more about the options available, call us today!
Through the efforts of Ken Lomas of GWIS and Robert Evdokimenko of Apri, our company was able to realize a considerably lower cost for our benefit package that would continue into future contract years. The communication to our senior staff was handled in such a clear, concise and professional m…