FAQs - Health Insurance
Following are a series of frequently asked questions (FAQs) and answers
about health insurance in general.
If I develop a serious illness or become disabled.
How can I protect my family?
How many participants does it take to purchase
group health insurance?
Q: If I develop a serious illness or become disabled. How can I protect
my family?
A. People in their prime working years are more likely to become disabled
than to die. Thus, depending on your personal circumstances, one potentially
excellent way to protect you, your family, and even your business, is
to buy disability insurance.
In essence, disability insurance provides a "backup" income
if you are temporarily out of work. Most disability plans are pretty flexible,
and you can buy coverage for a variety of illnesses or injuries, or exclude
specific injuries, such as a bad back.
Q: How many participants does it take to purchase group health insurance?
A. Within certain participation guidelines, two participants is the minimum
number required to set up a group health policy.
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