Benefits of Registering for Your Employer's Health Insurance

Health insurance can be a necessary evil, especially if you have a smaller budget to spend on health insurance premiums. One great solution for the working class is employer-sponsored health insurance policies. See a list of the top reasons registering for your employer’s health insurance is a good idea for you and your loved ones.

Did you know…

• …that employer-sponsored group health insurance plans carry lower premiums and less initial cost? This means you can get the same coverage at the same quality for less money out of your pocket. The biggest determining factor of the size of health insurance premiums is the risk of the acquiring party (you and your family). Since group health insurance distributes the risk factor evenly among participating employees, you generally have a lower risk factor and, therefore, lower premiums.


• …it would cost you less to add other benefits to your group health insurance than to individual insurance plans? Additional coverage for eye care, hearing or mental health services can become pricey if you try to secure it individually. While it may still cost a bit more to add these benefits with your employer’s health insurance plan, it will cost significantly more to try to get private coverage.


• …pre-existing conditions will not be as much of a hindrance with group insurance as they are with individual health insurance? Where most individual health insurance plans will outright reject your application or suspend your coverage, employer sponsored group health insurance is less likely to deny you or your loved ones coverage on the basis of pre-existing health problems. Conditions such as pregnancy, cancer or diabetes may limit your claims, but you are probably qualified for regular healthcare, like check-ups and vaccinations.


• …you can continue to receive benefits, even after you have been laid off? Under stipulations of the COBRA (Consolidated Omnibus Budget Reconciliation Act), you can keep your coverage for up to 18 months after termination of employment. You will be responsible for only 35% of your insurance premiums, saving you money and keeping you insured during your search for a new job.

Employers know that healthy employees are productive, and taking care of their workforce keeps employees healthier. This is the reason employers tend to make group health insurance easier to attain and affordable to maintain. They know it is in their best interest to provide you with quality healthcare, and it is definitely in your best interest so take advantage and enroll in your employer’s health insurance plan.