How to Customize Your Group Health Insurance Policy?

To customize a group health insurance plan, specific modifications are made to cater to the unique requirements of a particular group. Although customization options may differ based on the insurance provider and policy, here are some general steps you can take:

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Customize Your Group Health Insurance Policy

It is essential to customize your group health insurance policy according to the requirement. The insurance company offers various options to the policy buyer for the customization of the policy. 

Let us discuss how to customize your group health insurance policy.

Identify the Needs of Your Employees

Before purchasing the group health insurance policy, make sure to identify the specific requirements and preferences your employees might have. You can consider factors such as health conditions, age and any other specific healthcare needs.

Choose Coverage Options

Review the coverage choices offered by the insurance company and choose the ones that meet the needs of your group. These options can include medical, dental, vision, prescription drugs, mental health, and maternity coverage.

Determine the Contribution Structure

Decide how much both the employer and employees will contribute to the group mediclaim plan. This involves determining the percentage of the premium costs that each party will cover. You can also consider different contribution levels based on job position or seniority.

Check the Number of Network Hospitals

The main advantage of network hospitals is that the insured can get cashless claims for the specified coverages in the insurance policy. While customizing the group mediclaim policy, check the number of network hospitals. The more network hospitals would be registered with the insurance company, the easier it would be for the employees to reach out to that hospital and get cashless claims.

Check Add-ons 

Explore the additional benefits or add-ons offered by the insurance company. If you find out that some of the employees have some specific needs and need any particular kind of coverage that is not included in the mediclaim policy then you can add them by paying an extra amount that you can ask your employee to pay for.

Inform the Employees

Inform the employees once the customisation process is done. Clearly explain the coverage, costs, enrollment process, and any other important information. Encourage employees to ask questions and seek clarification if needed.

Conclusion

The policyholder may remove the deductible if any form of insurance coverage. According to the deductible, the policyholder is expected to pay the predefined amount. Later, the insurance company shall pay the rest of the amount. The policyholder may remove it and obtain full coverage in the group mediclaim policy.

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Written By: PolicyBazaar - Updated: 18 July 2023

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Policybazaar for Business - Group Health Insurance - Customer Reviews
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4.4/5
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Based on 189 reviews
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3.8 April 09, 2023
Mansi
Excellent Support
It was easy to buy insurance from PolicyBazaar website and customer support was also amazing to clear all the doubts.Thankyou. Highly worth it.
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4.3 April 01, 2023
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Necessary Investment
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Lucknow
4.3 March 24, 2023
Surya
Provides Satisfactory Results
I purchased Group health insurance at policybazaar recently and i am so much satisfied with the plan. The application process was smooth and efficient, making the typically tedious task of getting insurance surprisingly hassle-free.Thanks PB.
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3.8 March 16, 2023
Naveen
Helpful In Making Decisions
When it came to selcting the right Group Health Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
Delhi
4.3 March 15, 2023
Rajesh
Increases Clients Expectations
I recently had the pleasure of securing a Group Health Insurance policy throug PolicyBazaar and I must say the Entire process exceeded my expectations! From start to finish, their service werw great. Thankyou.
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3.8 March 02, 2023
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Great Experience
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4.3 February 17, 2023
Diljeet
Excellent Purchase
It was a excellent purchase at PolicyBazaaar. Thankyou team.
Coimbatore
4.3 February 04, 2023
Satya
Prompt Services
Policybazaar's efficient claims process was impressive. In case of any medical emergencies, my employees were able to get their claims settled swiftly, allowing them to focus on their health and recovery without worrying about financial aspects.Thankyou
Chennai
4.3 January 22, 2023
Abhishek
Budget Friendly Purchase
Thankyou PolicyBazaar for providing such a great plan at affordable premium rates. It was a budget-freindly purchase.
Delhi
4.3 January 09, 2023
Abhash
Multiple Range Of Benefits
I purchased Group health Insurance which offered me plans with affordable rates Thankyou PB.
Pune