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Group Life Insurance Plans Group universal life insurance is a voluntary life insurance product paid entirely by the employee through payroll deduction

Group Medical Expense Insurance Group medical expense insurance is an employee benefit that pays the cost of hospital care, physicians’ and surgeons’ fees, and related medical expenses. Or Group Medical Expense Insurance, provision of group health insurance incentive coverage to workers/employees collectively. It encourages savings for the employee, as the coverage reduces individual expenses because of the favorable tax treatment. The employer knows the health condition of every employee.

Group Medical Expense Insurance Group medical expense insurance is an employee benefit that pays the cost of hospital care, physicians’ and surgeons’ fees, and related medical expenses Coverage is available through: Commercial insurers Blue Cross and Blue Shield Plans Managed Care organizations Self-insured employer plans

Commercial insurers Coverage for businesses for protection against potential losses through unforeseen circumstances like theft, liability, property damage, and for coverage in the event of an interruption of business or injured employees.

Blue Cross and Blue Shield developed separately, with Blue Cross plans providing coverage for hospital services and Blue Shield covering physicians' services. Blue Cross is a name used by an association of health insurance plans throughout the United States

Managed Care organizations managed care organization (MCO) A healthcare provider whose goal it is to provide appropriate, cost-effective medical treatment. Two types of these providers are the health maintenance organization (HMO) and the preferred provider organization (PPO).

self-insurance insurance of oneself or one's interests by maintaining a fund to cover possible losses rather than by purchasing an insurance policy. The employer fund fully or part of the life and health expenses required for it’s employees to hold the life and health insurance coverage

TRADITIONAL INDEMNITY PLANS Indemnity plans allow you to direct your own health care and visit almost any doctor or hospital you like. The insurance company then pays a set portion of your total charges. Indemnity plans are also referred to as "fee-for-service" plans.

MANAGED CARE PLANS Managed care plans are a type of health insurance MANAGED CARE PLANS Managed care plans are a type of health insurance. They have contracts with health care providers and medical facilities to provide care for members at reduced costs Under the managed care plan, they have contracts with health care providers and medical facilities to provide care for members at reduced cost.

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