| |
|
 
Health Insurance
California >> Insurance
Glossary >> G
HEALTH INSURANCE GLOSSARY-
-
Group Long Term Care Insurance
-
If a person reaches a stage where he is not able to perform
his daily activities, then he needs some personal care and that care
can be obtained through
long term care insurance. If you go for the group long term care
insurance then you can obtain various benefits like the guaranteed
rates and payroll deduction.
-
Group Health Insurance Plans
-
A group
health insurance plan is similar to the individual health
insurance plans, but since the power of purchasing may be high
in groups, the health
insurance benefits are obtained economically. And additional benefits
can also be obtained in group health insurance plans, if your employer
provides group health insurance, then you can go for it, in case you
have no such option you can take up group insurance from notable groups
like the church, clubs etc.
-
Group Dental Plans
-
As the name suggest group dental plans are the dental
benefits availed to a group. This normally comes under the preferred
provider organization, where the group has to select a participating
dentist from the list of in-network dentists. This plan works out
very cheap and it is also flexible.
-
Group Vision Plans
-
Under this plan the group may receive comprehensive eye care. An
eye exam would be conducted once a year and a lot of benefits
can be obtained. Contact lenses, spectacles and other products related
to vision can be bought under discount.
-
Group Annuity
-
Annuity
is nothing but the contract between the consumer and the insurance
company. This contract lets you save finances for retirement or to
obtain a guaranteed sum of cash monthly. Group annuity is one where
annuity contract is between the group and the insurance company. This
guaranteed income can be obtained for a stipulated period of time
according to the contract.
-
Group Life Plans
-
If you are a federal employee, then you are eligible
for the group health plans. The group term
life insurance allows you to pay the amount as direct bills or
pay roll deduction. But the
insurance protection will be available only for a specific period
of time. But under the whole life group plans you will be protected
for your entire life time.
-
Grace Period
-
This can be defined as the grace or additional time provided by the
insurance policy issuer or the lender for the borrower or the insurer
to pay his debts.
-
For more informations on our services
contact insurance brokers John
Good| Kelly Good |
|
|
