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What to Know About Group and Private Health Insurance
Having insurance coverage is an important part of our lives, but which type to get — group or private — can often be confusing. If you’re trying to decide between the two and need answers, speak with an agent at Wayne Realty & Insurance Co Inc. We will thoroughly explain the pros and cons of each type and answer any questions so that you can be confident in the choice you make for coverage.
Group Health Insurance vs Private Health Insurance in Goldsboro, NC
Having health insurance is something everyone wants or needs to have. Whenever someone has the option to choose between group health and private health, there are several things to consider, as both have pros and cons.
Benefits of Group Health Insurance
Pros
- Whenever your place of employment provides health insurance, it will cost you less.
- You don’t have to worry about getting a check-up to be accepted.
- All the paperwork is taken care of by the human resource department
Cons
- The health plan offered is the one you take.
- You don’t get to choose from among other plans.
- If you leave your job, chances are your insurance will no longer be in effect.
Benefits of Private Health Insurance
Pros
- You don’t have to worry about losing it due to changing jobs.
- You make the choice of which plan works for you.
- For younger adults with good health, the premium cost may be lower.
Cons
- A private health plan is more expensive since your employer is not paying part of the cost.
- If you’ve had or have health issues, the cost may be higher.
- Requires more work from you to research plans and compare coverage and cost.
Contact Us
Our Goldsboro, NC residents can rest easy about choosing insurance. Our agents at Wayne Realty & Insurance Co Inc appreciate the importance of providing the most current information available about health insurance options. Don’t wait and worry. Just give us a call. We’re ready to help.