Blog

Group health insurance is suitable for businesses, organizations, and other groups to offer comprehensive coverage to fulfil employees’ medical needs. The employer funds the group medical insurance plan's premium as per UAE federal law, which is typically purchased by small businesses and companies that may not be able to purchase large amounts of individual health insurance plans, to ensure their employees are safe against medical emergencies. The plan will cover all the members under group health insurance, which also makes it simple to manage.

Buying health insurance from insurance companies in UAE can be a challenging task. There are so many different plans and options available for health insurance in the UAE. Before buying insurance, it is very important to understand the factors and follow tips that can guide you on your purchase.

Take a look at a few tips before you buy group health insurance in Dubai and the UAE.

Why get Group Health Insurance coverage?

Here are some benefits of group health insurance.

• "Zero" waiting period

This is one of the significant advantages of group medical insurance plans. If you are an employee who joins a company with a group health insurance plan, you are immediately covered the moment you join the company. This allows the employee to get reimbursement or cashless medical assistance or treatment in emergencies.

• Direct billing

Insurance companies in the corporate sector provide direct billing through their network of hospitals. Therefore, if the insured employee receives treatment in a network hospital that is covered by the group health plan, all costs up to the coverage limit will be paid by the insurer, and the policyholder doesn't have to worry about that. 

• Cover Pre- and Post-Hospitalisation Costs

Most health insurance in Dubai covers pre- and post-hospitalisation costs, including surgeries, medicines, and other treatments. This benefit reduces the financial strain on insured individuals. 

• Family Members Are Included

One of the most important advantages of a group health insurance plan is that it also includes the employees' dependents and family members.

• No medical Check-up is Required

Corporate health insurance policies do not require any medical check-ups before getting insured.

Here are the Top Tips for Buying Group Health Insurance in Dubai and the UAE.

1. Plan for each person’s needs

Consider the number of people who will be covered under the group health insurance policy. Don't forget to ensure that everyone who's a part of the group is accounted for to meet their needs.

2. Consider the Coverage Available

The coverage that is offered by each plan must be considered. The coverage is dependent upon the different plans, and it is important to make sure that each person covered will be able to access necessary treatments and medications when they need them.

3. Know Your Networks

Before buying group insurance, don't forget to research the medical networks associated with the group health plan; also note whether the hospitals and clinics in your area are included in the network so that you will know where to find the coverage if needed.

4. Don't forget to read the terms and conditions

Read thoroughly all the terms and conditions of the policy. You have to understand what is covered, what is not, and the filing process for any claims. Before signing up, be aware of the exclusions and inclusions of the policy and make sure that you are comfortable with it.

5.  Be prepared to pay the price

Lastly, review the cost of the premium before you buy it and make sure that you can afford that money. Based on the level of coverage and other factors, the premium amount may change. Clarify all your doubts regarding the plan before you sign. You can ask about any discounts or payment plans that may exist to make the policy more affordable.

Advantages of Having Group Health Insurance

These are some of the advantages of having a group health insurance plan.

• More affordable than individual health insurance because of its economy of scale and group discounts.

• Ease of administration and monitoring for employers.

• Gives members flexibility to switch between levels of coverage or even opt out of coverage if needed.

• Includes additional coverage provided by the employer, such as dental and vision care. 

• Can be included in the employee benefits package, with some companies using group health insurance as a way of attracting new employees to join their team.

Summing it up

Group health insurance plans are a great solution, especially for small businesses, to provide healthcare coverage to their employees. These plans are comparatively affordable and provide extensive coverage. By researching the plans carefully and understanding the points mentioned above, you can feel confident in your choice of insurance companies in UAE. Make sure that you understand the plan thoroughly and that the documentation is properly reviewed and understood. Be aware of the medical network and cost of premiums before you commit to purchasing a particular policy. By following these tips and instructions, you can assure that you are getting the best coverage possible.