Getting Group Health Insurance in Texas
Reader’s Question:
What things do I need to know when applying for a health insurance policy under a group insurance in Texas?
Andy
Houston, TX
Good question, Andy!
If you work for a medium or large-sized company in Texas, the process of your application will be very much simpler compared to applying on your own through a small group. In most cases for large companies, the human resources representative will do almost all the work for you and you are simply asked to fill out an application form.
I see a great advantage for people who apply for health insurance from group coverage under a company that employs a lot of people. A health insurance company would normally be able to offset the costs of those in bad health with those in good health, which will keep your monthly premiums down. If you look at it in a different perspective, your company may be the health insurer and the health insurance company is just the manager of operations who pays the bills and sets the fees independently.
On the other hand, if the company is small, the health insurance company may use information from a small group to calculate the risks, making the process a little complicated with higher premium rates. If it so happened that such small group is composed of mostly 40s, then your rate would naturally be higher than if it were mostly of 20s age bracket.