What is the average medical deductible for group insurance plans?

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That is tough to answer. It really depends upon if you are talking about and HMO, PPO, or HSA (HDHP) style of plan and where you are located. The most common deductible in the northwest, where I am, is 250-500 and the most common plan types are PPO and HMO. Movement over the past few years has been toward 500 and $1000 is starting to gain tracktion.
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What is the target group for medical insurance sales?

\n Answer \n. \nAnyone with $$$, even those that don't can get Healthy Families or Medi-Cal, medicaid.\n. \n Answer \n. \nIn most states medical insurance products focus on three markets:\n. \nIndividuals - those who pay for their own coverage because they are unemployed, self-employed o ( Full Answer )

Is pregnancy considered a preexisting condition if you move from a group insurance plan with a Mexican insurer to an American small business group insurance plan?

\n. \n Answer \n. \nCA AB 1672 aka Insurance Code 10700 et seq\n. \n- see the term ELSEWHERE below\n. \n(r) "Creditable coverage" means:\n(1) Any individual or group policy, contract, or program, that is written or administered by a disability insurer, health care service plan, fraternal b ( Full Answer )

What is a group insurance plan?

Group insurance is typically offered at your job. It is a group of people paying considerably lower insurance premiums to the insurance company. Sometimes the lower premiums only apply to the employees, when you add on family members it can be expensive, depending on the size of the "group.". Some ( Full Answer )

How many checks does an employer send to the insurance company under a payroll deduction plan?

Normally the employer sends 12 checks, One per month.. however most companies that are in the worksite market canaccommodate other modes , like weekly. biweekly and semimonthly. Companies that are committed to this market can match payroll for schools and other groups that have regular non working ( Full Answer )

What is a Deductible for medical insurance?

A deductible is the amount that the policy holder must pay before any benefits are covered under the plan. Some plans do cover some limited services prior to the deductible being paid, or they may not cover any. It is important to know what your deductible amount is, before you purchase a policy, to ( Full Answer )

What is an insurance deductible?

A deductible is the amount that the insured has agreed to pay before the insurer is obliged to pay anything on a covered claim. It can be considered to be an amount for which the insured has agreed to "self-insure". In general, there is a correlation between deductibles and premium, in that a higher ( Full Answer )

Is group life insurance deductible as a business expense?

An employer's contribution to a group insurance plan is deductible as a business expense. This benefit is not taxable to the employee. An employee may not deduct a portion of the premium he cost shares with his/her employer.. Typically a group benefit plan includes drug and dental coverage, lfe and ( Full Answer )

Can you deduct group insurance premiums on taxes?

Depends on how you paid the premiums. If you paid the premiums on a pretax basis, then you cannot declare the premiums. Many COBRA payments, retiree insurance payments and so on can be deducted.

Can payment of medical benefits be coordinated between an individual medical insurance plan and a group medical insurance plan covering the same person?

Its possible but unlikely. If one policy is direct pay then both should pay as prime and essentially ignore one another. Clarification: It would be considered insurance fraud to not notify each insurance company of your coverage with the other. Otherwise, you would actually be making a profit fr ( Full Answer )

Can insurance deductible be deducted?

Unreimbursed medical expenses are only deductible in the year that they are paid as a part of all other unreimbursed medical expenses on the schedule A itemized deductions of the 1040 tax form subject to the 7.5% of adjusted gross income limit. The amount over the 7.5%limit is added to all of your o ( Full Answer )

What is deduction under section 80d towards medical insurance premium?

We all know about Medical Insurance but many of us dont really have such insurance policies. To motivate people to get insured, the government has provisions under section 80D to help you reduce your tax liability if you have such policies. The premium amount, which is paid for medical insurance pol ( Full Answer )

What are medical insurance group rates?

Group medical insurance rates are those which apply to policies that cover a group of persons, as distinct from individual policies. The groups that are insured generally have a common denominator, such as employment by the same employer, or membership in the same organization. Typically, since the ( Full Answer )

How group insurance plans differ from individual-private plans?

The group insurance plans are ususally NOT portable, which means you can't take them with you if you change jobs. Most group plans do not require proof of medical insurability, while majority of individual plan will require some underwriting.

What is a federal medical insurance plan?

Medicare would be an example, although it is intended only for the elderly. There are other plans applicable, for example, to various categories of federal employees.

What is the average cost of family medical insurance?

The average cost of family medical insurance in the United States is about $1000 per month. Most other countries do not need private health insurance because the have health care from their governments.

What happens if group health insurance plan in not available to you?

There are a few options: 1. Through a licensed health insurance agent, apply for an individual health policy. These are medically underwritten, meaning that your medical history is taken into account in determining whether or not to issue a policy and the premium that is charged. They tend to be ( Full Answer )

What is the average deductible of a low cost life insurance?

For a low cost policy your deductible will be somewhere around $5,000-$7,000 with an additional prescription deductible of around $700-$1,000. There are many different policies from many different companies that fit families and individuals from all walks of life so finding one that suites you shoul ( Full Answer )

What is the average deductible for 50.000 of renters insurance in georgia?

Renters insurance is a form of homeowners insurance. The form is HO-4. I assume that you mean the policy that the person renting purchases to cover their belongings and liability. Most all homeowners policies offer a wide variety of deductible choices usually ranging from $250 to $5000. The higher t ( Full Answer )

Does Medical Mutual offer a prescription insurance plan?

Yes Medical Mutual does offer a prescription insurance plan called Medco. It gives you the option to order online or through the mail. If you have doubts if you are covered you just need to check your Medical Mutual ID Card. It will have the Medco group number showing you have prescription drug cove ( Full Answer )

What is the average deductible through ahm health insurance?

"AHM health insurance doesn't normally release the cost of their customer's deductible since they offer different kinds. Some customers reported getting up to one hundred dollar deductible, others a little higher or less."

How group insurance plans differ from individual private plans?

Generally, group plans pay for more medical services and have lower co-pays and deductibles than individual plans. Group plans also are more likely to cover mental health services; individual plans may offer mental health services as a separate "rider" with a separate additional fee. The insurer c ( Full Answer )

How can you get out of country medical treatments covered on your medical insurance plan?

You can get international travel insurance for only the period of time you will be out of the country. Depending on the amount of days/months you will travel, it may be very affordable to add this type of insurance. A comprehensive travel insurance policy will provide for medical expenses while you ( Full Answer )

Can you drop out of group insurance plan if you don't like it?

Yes you can drop out of a group plan. The employer may ask you for proof that you have coverage from another source. They will ask for this because their contract with the insurer probably requires them to. Even if you do not have other coverage, they should still allow you to drop out especially ( Full Answer )

Where can one find information on a medical insurance plan?

One can find information on a medical insurance plan from the government healthcare website. There are various medical insurance plans available to everyone including those by Aetna, Blue Cross, and Medicare.

Where can one get major medical insurance plans?

Major medical insurance plans can be obtained from companies such as BUPA and Saga. They can also be obtained from a company such as Simply health which specializes in doing medical plans.

What is the cheapest Christian medical insurance plan?

Christian Healthcare Ministries offer the cheapest Christian medical insurance plan known to man. They offer a variety of very low prices, and a ton of people have joined their services.

Can you have 2 medical insurance plans?

There are many insurance providers those offers medical insuranceplans, but I would like to suggest you HDFC ERGO's health policieslike critical illness and health surksha plan.

What are all the tax deductions this year concerning medication and Insurance?

I hope you mean the lack of tax deductions. The medical deductionsare the same as they have been except the threshold has increasedfrom 7.5% to 10% for most people. You can deduct insurance premiumsyou pay yourself with after-tax income. This means that theinsurance you pay through your employers Se ( Full Answer )