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"Group insurance" is to be distinguished from individual insurance. In that sense, a group policy provides coverage for multiple people (usually a fairly large group) who have an element of commonality defined by the risk-bearing entity (such as an insurer). The commonality might be the same employer, a union, a profession, or any one of a multitude of other factors that bind the participants together.
The sponsor of the group may pay all or some of the premium for the coverage. However, it is more likely that each participant in the group plan will pay a premium. Group coverage is usually less costly than individual insurance because the insurer is able to enroll many persons without the need for advertising, individual commissions and related back-office expenses, and the other elements of overhead that it would otherwise incur.
What else can I help you with?
What type of life insurance pays a dividend?
Group life assurance
What is the employer's contribution towards group health insurance for employees?
The employer's contribution towards group health insurance for employees is the amount of money that the employer pays towards the cost of the health insurance plan provided to employees.
Who pays for unemployment insurance in Illinois?
The employer pays a percentage of payroll as unemployment insurance premiums.
Does secondary insurance cover or pay copays of primary insurance?
The secondary insurance cover both pays and co-pays of the primary insurance depending with the insurance company.
Medicare and group health insurance?
When you have other insurance, there are rules that decide whether Medicare or your other insurance pays first. The insurance that pays first is called the "primary payer" and pays up to the limits of its coverage. The one that pays second, called the "secondary payer," only pays if it covers any of the costs left uncovered by the primary coverage. For more information, see the Medicare and You 2009 book: http://www.medicare.gov/Publications/Pubs/pdf/10050.pdf (page 74) that page 74 only discussing if you are working. i am not working.
Who pays if you wreck your car?
If you wreck your car, then it is usually the insurance that pays for you ;)
Who pays the premium for group life insurance?
Group life premiums are generally paid by the employer, or the owner of the master policy (business owner, Association, Fraternal organization, etc).
If you rear ended someone without insurance who pays?
you do or your insurance does.
Who pays for the funeral if the person has life insurance?
The insurance company.
What insurance pays claims on judgments?
It would depend on many factors. Most of the time it is not insurance that pays out on Judgments, the person losing the suit pays, or the corporation that lost.
Your sister got into an accident with your car and you don't have insurance she is listed under the parents insurance who pays?
Parent's policy pays
What car insurance pays for your injuries when you're in anaccident in your car is?
Car insurance that pays for your injuries when you're in an accident in your car is
