Kathleen asked:
A Kaiser website shows that New Hampshire requires guanteed issue of medical insurance for “small groups,” and defines small groups as “1 to 50.” However, the same website says that New Hampshire has no guraranteed issue for individuals. I must be missing something. Isn’t an individual a group of “1″?
A Kaiser website shows that New Hampshire requires guanteed issue of medical insurance for “small groups,” and defines small groups as “1 to 50.” However, the same website says that New Hampshire has no guraranteed issue for individuals. I must be missing something. Isn’t an individual a group of “1″?
You might think that “Group” of one is the same thing as an individual but insurance companies differentiate group insurance and individual insurance. A group of one is business insurance and an individual is personal insurance. This distinction is largely driven by State regulations…
No, a group is where a corporation is paying for the insurance for the employee(s).
No, NH is not a guaranteed issue state for individual policies. And just because it’s guaranteed issue, doesn’t mean it’s going to be AFFORDABLE. It still gets underwritten, and if the group of one is obese or otherwise unhealthy, it’s going to be EXTREMELY expensive.