What is a "group insurance plan", and how does it differ from an "individual plan"?
A group plan is, in most States, a plan of two or more employees. That could be the boss and one assistant - a full time boss, so a group insurance program usually requires everybody to be full time employees. The nice thing about group insurance is it's usually guaranteed issue. That means that if two people, even, have a group plan, and one person is completely unhealthy, they could still be guaranteed by most insurance companies a group health insurance policy. Many companies have to do this. Small companies, because they can't qualify for an individual policy. An individual policy is individually underwritten. That means you answer all these medical questions and you write down the doctors you've been to and the insurance company underwriter looks at all that medical history and decides whether or not you're insurable or not. Under a group plan, the underwriter and the insurance company says we have to accept you because it's the law. There's a law that says if you have two employees or more that the insurance company has to accept you regardless of your health or potential conditions.
