Group health insurance is insurance purchased for a group of people, for example in cases of workplaces and organizations. In these places, a representative of the organization (usually, the person in charge of personnel), a representative of the agency and sometimes also an insurance consultant, draft the contract and its terms with the insurance company. The person joining the organization or the workplace may purchase the group policy of the organization.
In most cases, the insurance is also offered to the rest of the family, and it is also possible to include children born after joining or an employee who got married after joining the policy.
One of the most notable benefits of a group health insurance policy is that there is no need for a health declaration (underwriting). In large groups, the insurance company may waive the underwriting phase where health status and other risks are examined. Such insurance is good for those who suffer from medical limitations, as insurance companies may refuse to sell a private policy due to a medical limitation or they may demand a higher price for the policy or refuse for sure due to the declared medical condition.
