If you are paying into a plan, or any type of group insurance, or receiving
individual coverage, or health care benefits for your family through group benefits or
group insurance, they are more than likely provided in a policy through your
employer or place of employment.
The term, group insurance, takes in a lot of requirements, depending
on the number of people in the group, and an analysis of requirements, the end
result becomes a policy created, best suiting every individual, or family coverage
needed. Typically, more often than not, you will see just salary wage employees
eligible for group insurance, or group benefits coverage. So part time employees,
unless an exception, do not normally receive this opportunity. This would be
because the amount of coverage received, is based on the employees earnings, and
what the employee is able to pay into the group plan.
Not all group insurance plans are based on what a certain employee makes in
money. Flat coverage group insurance, calculates the overall coverage amount
available, and each person within the group is benefited equally with coverage. If
you are a student in Fredericton, this type can also been seen for post secondary
education, in which each student is provided the same coverage equally.
If the situation your in, sees you as an individual, and in the position facing
long term coverage? Than it would be a good idea to look into your group insurance
policy, to see if a waiver of premium is involved. Many group insurance plans include
a waiver of premium, which allows the individual receiving long term disability
coverage, and facing permanent disability, the opportunity to continue receiving life
insurance and have the best coverage, making that unfortunate situation you are in,
a little easier.
Are you, and your family, residing in the Fredericton area and receiving the
will have assured access, leaving you and your family in a great position being able
to keep coverage continuing on no matter if you retire, change jobs, or for whatever
other reason it may be. Unfortunately, not all Fredericton occupants will qualify for
this great set up, but it is certainly worth looking into the policy for the best outcome
Another option also along with blue cross group insurance, and most other
group policy coverage, comes the option to employees to continue their benefits and
have lifetime access even after you have retired or changed jobs no matter what kind
of medical illness, injury or disability comes in the way of you, or your family. While
your looking into all of that and going over your policy, why not also check out the
option of portability, in which allows you to convert your group benefits, if switching
jobs, to the new job and continuing the best coverage for your family as well as a
positive piece of mind.
The proven fact that 77% of Canadians Choose their workplace based on
what type of group insurance coverage is offered in the policy, is enough proof in
saying that it is good to have knowledge on the subject before being interviewed for
a position, and know best in what you need for you, or your family coverage wise
giving the questions you must ask about what group insurance coverage is being
offered your way. You never know what type of unfortunate event, major or minor,
can happen while being a dependent of a family.
Always keep in mind of course, group insurance coverage will be different,
depending on the size of group this coverage is being offered for. Ideally, if it is a
small group being offered benefits, you will want to gain knowledge on how much,
and what is being covered in the policy. This may depend on weather or not you’re
an individual, or a dependent for a family. And possibly look into the option of added
health care if there is a need of yours that is not existing in the group insurance
policy, None the less, you want to be completely certain that your providing the best
coverage for the needs of yourself, or the family depending on you to provide.