International Group Health Insurance Advantages

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, that really depends upon the size of the group. If you are just a 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.

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.

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.

An 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 hand, all enrolled employees are covered all the time in the group health insurance.

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