Medical insurance is one of the most expensive types of insurance one can buy. In addition to the high price, the various options available for coverage limit the number of insurers who will offer the voluntary benefits to their employees. If you work for a company and do not have health insurance, it could be quite difficult to get coverage.
A person with a pre-existing condition, even one that does not seem chronic, could easily be turned down. Fortunately, however, an increasing number of employers are providing their employees with a choice of medical benefits. These options, in combination with the rising cost of health care, are creating a situation in which an individual with a chronic condition is no longer a disabled person but a healthy person able to live his or her life to the full.
Medical insurance benefits for employees are now more common than ever before. As a result, employers are often able to attract the top talent by offering them a chance to enroll in a company’s insurance program. Of course, if you’re looking for employment and you’ve been turned down for this opportunity, you’ll need to take a close look at what your options are. In particular, you’ll need to look at how some employers are treating people like you – individuals with pre-existing conditions – while offering them a chance to work for their employer by providing group coverage.
There are actually a number of ways an employer can offer health benefits to its employees. Sometimes companies will pay a percentage of the employees’ premiums. Other times an employer will cover all of the cost. Still other employers simply require their employees to purchase medical insurance on their own.
One of the advantages of a group medical insurance plan is that there’s usually very little out-of-pocket expense for the employee. Instead of paying premiums each month, the cost is generally spread out over the course of a year. Because the benefit is being paid to more than one person, the cost goes down. However, if an employee does not have coverage because he or she leaves the company, there are several options to choose from.
For many companies, providing their full range of medical insurance benefits to their full range of full-time and part-time workers is a wise business decision. Not only does it give employees peace of mind knowing they’re properly covered, but it also builds employee loyalty. That’s because people who know that they’re taken care of are much more likely to stay within the company and do a great job.
Additionally, many state governments provide benefits for individuals who are in need of them, regardless of their employment status. In addition, many elected officials have tried to encourage employers to offer these types of benefits, either by requiring it of employers or by including it as part of various polices. Some states, such as Rhode Island, have even gone so far as to pass laws encouraging employers to offer affordable coverage to their employees.
For most employees, the benefits issue is a personal one and shouldn’t be used to penalize or dismiss an employer for providing affordable coverage. Employers can, however, take steps to ensure that their employees receive them. For example, by offering an individual voluntary arrangement, or IVA, an employer may pay a portion of the premiums for the employee. The idea is that the employee would be paying for his own medical insurance, but he wouldn’t have to depend on the company for that. If an employee wants to continue working with the company, he should be able to buy his own coverage from an independent medical insurance agent.