What Is a Large Group Health Insurance Plan?
A large group health insurance plan is an insurance plan that covers a group of over 100 people for large businesses or small.
There is no legal maximum number of group members when it comes to large group health insurance plans. Whether you run a local business, or you run a Fortune 500 firm, you can find group insurance that will cover your employees.
Group health insurance plans are easy to work with and provide coverage for all recipients. Every person covered by the policy receives the same benefits, so individuals are processed quickly and efficiently.
You don’t have to worry about getting denied coverage because you have a specific condition.
Large Group health insurance is the best option if you are running a large business with at least 101 employees. A large plan is a good deal and keeps your insurance costs down by providing you with a bulk discount for your plan.
Another great feature for a large group health insurance plan is the ability to tailor the plan benefits and offer a composite rate. Unlike Small Group Health Insurance that requires you to select plans that have already been designed by the carrier and utilize Age banded rates, Large Group health insurance plans allow composite rating: