Group health insurance is typically suitable for businesses, organizations and other groups (e.g., clubs, associations) that want to provide health insurance coverage to its members. It can be a good option for small businesses and companies that may not be able to purchase a large amount of individual health insurance plans. The plan will cover all members of the same group, making it simple to manage and providing ample coverage for everyone involved.

Buying group health insurance in Dubai and the UAE can be a daunting task. With so many different plans and options available, it’s important to understand the important factors and follow tips that can help guide you in the right direction.

In this blog, we’ll share a few with you to help you make an informed decision when buying group health insurance.

What Are The Advantages Of Having Group Health Insurance

Some of the advantages to having group health insurance include: 

  • more affordable costs to participants due to economy-of-scale and group discounts
  • ease of administration and tracking for employers
  • greater flexibility for members, such as being able to switch between levels of coverage or even opt out if needed
  • potential for additional coverage provided by the employer, such as dental and vision care. 
  • Can be used as part of an employee benefits package, with some companies using group health insurance as a way of enticing talented new employees to join their team.

Are There Any Disadvantages To Having A Group Health Insurance Plan?

Yes, there are some potential downsides to group health insurance plans, such as limited coverage or reduced flexibility. Also, if someone with pre-existing conditions applies for coverage and is accepted into the plan, their coverage may be more expensive than others in the same plan. In addition, group health insurance plans usually only cover care from certain doctors or hospitals, so you may not have access to the same range of providers you would have with an individual plan. Carefully consider these aspects when planning to purchase and raise the areas of concern with both the insurance provider and those potentially covered by the scheme/policy, in order to manage expectations and avoid potential issues or headaches in the event of a claim.

Top Tip #1: Plan for each person’s needs

First, consider the number of people who will be covered by your group health insurance policy. Ensure that everyone who is a part of the group is accounted for and that their needs are met.

Top Tip #2: Consider the coverage available

The coverage offered by each plan must also be considered. Different plans will offer different levels of coverage and it is important to make sure that each person covered is able to access necessary treatments and medications should they need it.

Top Tip #3: Take care to read the terms and conditions

You must also read through all the terms and conditions of the policy. This includes understanding what is covered, what is not, and the filing process for any claims. Be aware of the exclusions and inclusions of the policy and make sure that you are comfortable with them before signing up.

Top Tip #4: Know your networks

Always thoroughly research the medical networks associated with the group health plan. See if the hospitals and clinics in your area are included in the network so that you can avail of the coverage if needed.

Top Tip #5: Be prepared to pay the price

Lastly, review the cost of the premium. Different plans will have varying premiums based on the level of coverage and other factors. Enquire about any discounts or payment plans that may exist to make the policy more affordable.

Final Thoughts

By researching your options carefully and understanding the points outlined above, you can feel confident in choosing the right group health insurance plan in Dubai and the UAE. Make sure that you are familiar with the benefits and exclusions of your chosen plan and that the documentation is properly reviewed and understood. Keep in mind the medical networks and cost of premiums before committing to purchasing a particular policy, and you can rest assured that you are getting the best coverage possible.

About Author

Rachel Al Mughairi

About Author

With over 34 years in the international insurance industry in a variety of senior management roles, and as holder of the Diploma in Insurance from the Chartered Insurance Institute, Rachel surely knows her insurance! With experience in London, continental Europe and the Middle East, Rachel is here to share her knowledge and help you understand more about insurance products in this easy-to-understand series of videos and blogs.