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International Group Health Insurance Advantages

International Group Health Insurance Advantages
  1. International Group health insurance is sometimes cheaper than individual international health insurance. Usually, it comes with less restrictions compared to individual health insurance and coverage is higher, out of pocket expenses are lower.

    However, all that really depends upon the size of the group. If you are just husband and wife as 2 employees, you are unlikely to get any advantages in group insurance compared to individual insurance. Whenever any insurance company provides any health insurance either to group or individual, they look into the overall deal whether they are going to make any money in it. If there is a large group of employees and only a few with medical conditions, most likely that group will be accepted as insurance company will still make money overall. However, if the group is very small with mostly sick people, entire group may be rejected as it would be overall a loss for the insurance company. If healthy people in the group do not wish to have the group health insurance, they are essentially making it difficult for other members to get the insurance.

  2. With group insurance, as long as the group meets the initial enrollment requirements of the insurance company, all new employees will have guaranteed coverage. No one will be declined for coverage due to health reasons which might happen many times while applying for individual health insurance.

    Also, a US person returning to the USA can be declined by US domestic health insurance companies if he/she has any serious health conditions such as diabetes, cancer etc, if he/she had individual health insurance overseas. However, if the same person were on group insurance, when returning to the US may apply for HIPAA (Health Insurance Portability and Accountability Act) plans and be covered on that plan forever. Even though such plans are expensive, at least they can be insured.

  3. Individual health insurance may have "riders" or "waivers"on various pre-existing conditions. In other words, in order to get the insurance, the person will have to sign an agreement indicating that those conditions will not be covered. Group insurance will not put any such waivers on individuals.

  4. Employer does not have worry about someone not having health insurance. If everyone is enrolled in an individual health insurance, some people might discontinue or forget to renew their insurance. On the other hands, all enrolled employees are covered all the time in the group health insurance.

  5. There is less paperwork and accounting with group health insurance for the employer.

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Why purchase insurance from Insubuy®?

Same Price. Better Service.®

There are many advantages in purchasing from Insubuy® and no disadvantages.

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Visiting USA?

Healthcare costs are very high in the U.S.

Buy U.S. based visitors insurance and enjoy your trip.

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Traveling abroad?

Did you know that your insurance may not cover you abroad or that it may only provide limited coverage?

Purchase travel medical insurance that includes emergency medical evacuation.

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New immigrant to USA?

You would not be eligible to enroll in Medicare for the first 5 years.

Purchase new immigrant medical insurance to bridge the gap.

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Going on a vacation?

You could lose your non-refundable trip costs if you had to cancel your trip.

Buy a trip cancellation insurance package plan and be worry-free.

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Are you an exchange visitor to USA?

The U.S. Department of State requires all J visa holders to purchase compliant insurance.

Buy J visa medical insurance to meet your requirements.

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Traveling to Europe?

Schengen countries require most non-US citizens to purchase Schengen visa insurance.

Make an instant purchase online and get instant visa letter.

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Traveling frequently throughout the year?

You don’t need to purchase travel insurance for every trip.

Purchase annual multi trip travel insurance for your travels.

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International student in the U.S.?

Most schools require international students to purchase health insurance.

Purchase international student health insurance that meets most school requirements.

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