Good Neighbor Insurance has companies who offer group insurance for two or more units, whether they be individuals, couples or families. Generally, organizations want to wait until they have four, five or more employees before providing group health insurance.
Here are several advantages in starting group health insurance with only two employees: (1) If you get group health insurance set up with two, all new employees will receive group health coverage despite their pre-existing conditions. If you wait and an employee is overweight and has diabetes, many international insurance companies will decline to quote. (2) If you wait until you have more workers, some of them may decline to enroll in the group insurance. You always need 80 percent participation. Thus one in four workers declining in a group plan could keep you from starting a group plan. (3) It does help in recruiting to inform candidate employees that your organization, even though small, provides international group health insurance. If the group is relatively young, the rates will be reasonable. (4) After a person has been on a group plan for 18 months they can receive a “Certificate of Creditable Coverage” which guarantees insurability if they return to the USA.
If Joe had been on group insurance, he would have received a “Certificate of Creditable Coverage.” On presenting this Certificate to any insurance company, they would be required by law to provide him with HIPAA (Health Insurance Portability and Accountability Act) coverage. These plans are more expensive, but at least he would have insurance.
If your group is interested in pursuing group insurance, call us toll free from within the USA at 866-636-9100.
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