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> Group Health Insurance - UK Guide
 About this type of cover
If you own a company or are in charge of a number of staff or group of people, you will probably know the problems that can arise when members fall ill. Not only is this stressful for the person concerned, but it can leave you high and dry whilst the member of the group or staff is recovering from the illness. With group health insurance you cover your whole group in the event of illness, enabling them to enjoy a speedier recovery and peace of mind. This benefits both the individual and others, and offers peace of mind all round.
Summary of Cover
The features provided with group health insurance can vary depending on your level of cover and also on the insurance company that you select. Most policies provide fast treatment to each member of the group as well as covering them for income after a specified period. There can be a number of exclusions with this type of cover, which you should familiarize yourself with. This can include pre-existing conditions that you had prior to taking out the policy, chronic/permanent conditions, cosmetic treatments, and routine dental work.
Extras
There are a number of extras available with group health insurance, and although you may have to pay a little extra on your premiums these could prove invaluable in the future. You can select from extras such as:
Psychiatric Cover can help in cases that are not relating to physical health, as this cover is normally excluded from general group insurance cover plans. This can provide extra peace of mind for all.
Specialist Cover enables you to cover long term illnesses that may also be excluded under the general group insurance policy. Again, this offers additional protection and peace of mind for member of the group.
Dental and Optical Cover means that the group will also be covered for dental and eye care, which is another valuable add-on to group health insurance cover.
Additional Information
It is imperative that you check any group health insurance policy before making a commitment to ensure that it provides the levels of cover that you require. Policies can differ from one insurer to another, and it is advisable to compare both premiums and features before making a decision. The claims procedure can also vary from one insurer to another. This will depend upon the insurer's own regulations and you should ensure that you are familiar with the claims procedure.
Free Extras to Look Out For
There is no guarantee that you will receive any free extras with your group health insurance cover, but some insurers do offer extra, particularly with higher levels of cover. You should check with the insurer with regards to any additional extras they can provide, and because competition is fierce in the insurance field you may find some excellent deals with a range of free benefits.
Saving Money on your Cover
If you want to save even more money on your group health insurance cover there are some steps you can take to cut costs. These include:
Shop around as the cost of cover and the benefits of cover can vary from insurer to insurer, so it is important to compare the various deals on offer.
Go online as the Internet is often home to some of the cheapest group health insurance deals around, and you can also enjoy far more choice. Some insurers offer additional discounts to online customers.
Increase the amount of excess on your policy: The higher the excess on your policy (the sum you have to pay from your own pocket in the event of a claim) the lower your premiums are likely to be. However, before you make your decision you should see whether it makes a significant difference to the cost of the policy, as you should remember that the amount of the excess will have to come from your pocket should a claim be made. If the claim made is for a sum that is lower than the amount of the excess on your policy, you would have to pay the whole amount of the claim from your own pocket.
Further Information
You can obtain further information with regards to quality insurance cover from the Association of British Insurers at the link below: http://www.abi.org.uk/
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