Does Group Health Insurance Cover Pre-Existing Conditions?

Providing group medical coverage to your staff members is a method to create a preventive measure for their finances. One of the important aspects that you should bear in mind is the coverage of pre-existing conditions. You need to ask, “Does group health insurance cover pre existing conditions?” To know more about pre-existing diseases and their coverage, read on.

While it depends on the company policies, in most cases, pre-existing conditions are covered by group insurance schemes. Such coverage is generally a standard feature of a majority of organisation health insurance schemes. If not,  the pre-existing illness waiver or another add-on coverage can be purchased to obtain it.

Often the question stays in customers' minds: does group insurance cover pre-existing conditions? The answer is yes, that too at an additional premium amount once your insurance provider allows it. Here is a list of the most prevalent pre-existing conditions; however, the diseases covered by a group health insurance scheme may differ from company to company.

• Asthma

• Cholesterol Issues

• Thyroid

• High-Blood Pressure

Suppose you look for a health insurance plan individually for pre-existing disease coverage. In that case, you may be mandated to submit a few medical tests before the insurer provides you with a scheme and assesses the appropriate rate. A test is not necessary under a group health insurance scheme, though.

A comprehensive plan for employee insurance offers the opportunity for individual customisation by charging further for add-on or top-up plans coverage. A group health insurance scheme normally covers pre-existing diseases automatically according to the terms and conditions. Prior to being insured by the plan, employees might need to disclose any pre-existing conditions.

The insurance plan's paperwork or certificate will include pre-existing disease coverage information. The employees receive a policy card bearing their names after the plan is issued. Contacting the company's HR department or administration will allow the employee to learn more about the plan.

There are numerous health insurance companies that provide a significant health policy that includes both group health insurance and pre-existing conditions coverage. The plans are as follows-

Yes, now you can cover pre-existing conditions from day one. You can provide pre-existing conditions coverage to your employees under the group health insurance scheme from day one of the plan. 

In case the chosen employee group health insurance scheme does not provide pre-existing conditions coverage as part of the standard plan, you must select the pre-existing conditions waiver to make sure that your employees are provided with a wide range of coverage.

Thus, we can conclude that giving your staff access to a group health insurance pre-existing conditions coverage demonstrates your concern for them and their dependents. The insurance professionals advise buying an insurance plan online because it is more affordable, and you can get detailed information about the policy there. You can use the online premium calculator to determine the insurance premium rate by eliminating the agent commission.

Health Insurance Plans Available at Bajaj Markets