Best Group Insurance Plans

By Author: markfeldmaninsurance
Total Articles: 7
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A group insurance plan is a type of insurance plan that is given to medium size businesses and their employees. It comes with a variety of benefits that includes; life, extended health, dental, disability, and critical illness coverage.
The good thing about group health insurance Massachusetts is that it can be tailored to suit your business needs. For this reason, most businesses have opted for a group insurance plan.
Get to learn more about group insurance plans and how to select the best that favors your needs as a business person.
Group insurance plan
Life insurance
In life, you never know what will happen today, tomorrow, or the day after tomorrow. Therefore it is important to take this type of plan for your business and employees.
Life insurance covers death and dismemberment, covers employees' dependents e.g. the spouse and children. The employee is supposed to have basic level coverage from employees' salaries.
Dental insurance
Dental insurance covers from 80% to 100% and it covers basic care like examination and basic restorative procedures. One will also benefit from ...
... periodontal and endodontic services that include the root canal, repair, rebasing, and relining of dentures.
Critical illness
You can all agree that managing and coping with critical illness is no joke. It incurs a lot of money and sometimes if you are not insured you can be bankrupt. This critical illness like cancer, diabetes, kidney failure, stroke, paralysis, etc., requires a huge amount of money to manage it. But if you have taken group insurance, you will be released of this heavy burden and get treated.
Living benefits
If you are faced with a terminal illness, the group insurance will decide to pay for your benefits as you are still living. In case you have a few months to live, you will be covered for that period.
You will also be offered the death benefits if you are the policyholder and you have a terminal illness. Upon the death of the policyholders, the beneficiaries will be awarded the remaining benefits.
However, insurance companies have different ways of how they go about it. They have different rates that they use to calculate the amount of money that will be given to the beneficiary or the policyholder in case of a terminal illness.
Employee assistance program
This was initiated to provide counseling services to solve insurance issues. It's very confidential and each employee is given 12 hours per calendar year.
The counseling services include; relationship difficulties, personal problems, work-related problems, financial problems, legal problems, care, and support for the elderly. Visit https://markfeldmaninsurance.com/services/