A small group in insurance is a group of individuals that are under one insurance policy. Small groups are usually made up of members of a family, business, or organization. Small group policies are often tailored to the needs of the group, so that each member receives the coverage they need.
Some benefits that small groups get include lower rates, the ability to choose the plan best suited to their needs, and the ability to create secured networks of providers. Small groups can also pool risk and have access to a broader range of options with more tailored plans.
If you're interested in finding out more about a small group insurance plan, there are a few ways you can go about it. You can work with an independent broker or navigator to find out more information and compare plans. You can also check with your employer to find out if they offer group plans. If you belong to an organization or association, they may offer group insurance plans as well.
Knowing what kind of coverage your small group needs is an important first step in choosing the right plan. It's also important to ensure that the premiums are affordable and meet any requirements set by your state or the federal government. Doing research and exploring your options can also help you find the right plan.
It's worth noting that when it comes to small group insurance, you typically get what you pay for. If you can afford a more comprehensive plan, it's worth considering the extra protection and coverage it'll provide.