Group health insurance plans are offered by employers, labor unions, professional, fraternal, or other organizations. Premiums are usually lower than premiums on individual policies, and part of the premium is frequently paid by the employer or sponsoring organization. In most group plans, members are automatically eligible for insurance just by becoming a part of the group. A physical examination is not necessary, and age is not a factor in determining the cost. However, if coverage is optional, eligible members must enroll within a specified time or they may have to…
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