1. What is the difference between group and individual medical/health insurance?
Group medical/health insurance is a common type of employment benefits offered by employers to employees, with employers paying for the premium in order to provide medical/health insurance coverage for their employees. In general, group medical/health insurance provides coverage to eligible employees within the group regardless of the pre-existing health conditions of the employees, but the coverage ceases upon the employment’s termination.
By contrast, applications for individual medical/health insurance often require applicants to declare pre-existing health conditions, so that insurers may decide whether to accept an application and, if accepted, the scope of the insurance coverage to be provided (e.g. whether to exclude a particular pre-existing condition from cover).