Often people are unsure of the differences between Private and Group Insurance. For the record we have tried to explain the differences below: 

 What is the difference between Private Insurance and Group Insurance?

There are two types of medical insurance, both private and group insurance. Group insurance is where the employer provides health plans, or assists the employee in obtaining medical cover at a better rate. The employer will sometimes pay the preium or at least assist with part of the ongoing costs of the monthly premium. Generally a medical cover program is cheaper cheaper than individual or private medical insurance.

The negative of Group Insurance means that Employees cannot always choose their plan but they may However opt for additional medical cover. If an employee leaves the enterprise, he loses his group insurance. He may choose to keep the cover, but will then have to pay the full amount that is normally set for individuals. Small businesses don't always provide medical insurance plans to their employees. The best option for the employees is to get group insurance through the employee unions or through club memberships.

Deciding on the Type of Medical InsuranceYou should select the plan that fits your needs, whether it is the traditional cover, preferred service supplier, or the health maintenance plan. These questions serve to assist you in making a decision:

• Do you prefer the freedom of choice in doctors and medical facilities, regardless of price or are cost a big concern?
• Do you and your family travel to other areas where you will need medical facilities, or do you only need medical facilities in your area?
• Do you mind completing forms and keeping record?
• Do you want the cover to include routine visits to the doctor?
• Do you mind waiting for available space or do you want immediate care, even late at night?
• Do you want the freedom to choose a specialist, or are you comfortable seeing your general practitioner first. He may decide whether to refer you to a specialist or not.

You should note that most medical insurance plans have a policy that states that the hospital must contact them about covering you for the period in hospital. If they don't agree, you will be liable for paying the bills. The cost of not having health cover is much higher in terms of your family's health and security than paying the monthly premiums.