Group Medical Insurance

A Collective Policy Incorporating Flexible Individualized Benefits

Group Medical Insurance

What is Group Medical Insurance?

Group Medical Insurance is health insurance provided within a company for a group of employees as a collective policy. Similar to individual health insurance, but with a company paying the insurance premiums for its tailored group policy. It incorporates flexible individualized benefits for employees and dependents, with employees responsible for their own deductibles or co-payments.

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Do I need Group Medical Insurance?

Group Medical Insurance is an employee benefit covered by the company they work for. With rising health care costs, it is often considered an incentive for attracting new or retaining existing employees. Offering a comprehensive health plan provides employees with the security of financial protection, and peace of mind for their health and well-being in the event of illness or injury.

Our heightened awareness of the impacts and far reaching effects of the COVID-19 pandemic has strengthened the value and importance to employees of tailored medical insurance. Group Medical Insurance provides for immediate medical attention at healthcare facilities.

With employee turnover a reality and the collective nature of this policy, the enrolment process of Group Medical Insurance is not as strict or laborious compared with individual health insurance. Typically, it simply requires the completion of a medical questionnaire to qualify. Unlike individual health insurance, this policy is applicable to a group and does not continue for an individual should they cease to be employed by the company.

Looking for Group Medical Insurance?

What does Group Medical Insurance cover?

Group Medical Insurance can vary depending on the range of exposures a company chooses to include in the policy. More comprehensive coverage is commonly offered for higher-ranking positions, seniority, or loyalty. Group coverage is also more cost-effective than providing individual plans for employees, saving money on annual premium expenses.

Azure Risk customizes Group Medical Insurance plans to satisfy both the needs of a company and its employees. Coverage can include comprehensive hospital and surgical benefits for inpatient and tailor-made outpatient, dental, maternity, and other benefits.

Group Medical Insurance includes a range of categories (but not limited to):

  • Inpatient
    • Hospital rooms (ward, semi-private or private)
    • Intensive care
    • Medication during hospitalization
    • Surgeon and attendance, anaesthetist, and operating theatre fees
    • Physician and specialist fees
    • Diagnostic testing
    • Transplants
    • Emergency/non-emergency transportation
  • Outpatient
    • Doctor appointments (general practitioner/specialist)
    • Prescription medication and vaccinations
    • Outpatient surgery
    • Home nursing
  • Dental
    • Consultations and examinations
    • Routine treatment (cleaning, fillings, root canal)
    • Major treatment (tooth adjustment, periodontist treatment, gingivitis, crowns, bridgework, repairs)
  • Maternity
    • Pre- and post-natal treatments and examinations
    • Medically prescribed caesarean
    • Delivery expenses (normal or complicated)
    • Hospital or home delivery costs
  • Alternative Therapy
    • Traditional Chinese medicine
    • Osteopathy
    • Chiropractic treatment
    • Acupuncture
    • Homeopathy

Azure Risk conducts a comprehensive study of your employees’ insurance needs before offering you an innovative range of customized solutions for your tailor-made Group Medical Insurance plan.

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