Insurance since
1894
DeMeritt Agency
Inc.
6 Center St, P O Box
248
Exeter NH 03833
603-778-7304, Toll free in NH 1-800-974-7304
Fax 603-772-8339
contact@demerittagency.com
Group Health Insurance
When an insurer provides
coverage for many people under a single master contract, the
result is referred to as group insurance, which operates under
completely different principles than individual insurance coverage
does. Essentially, group insurance covers 'classes of persons', not
individuals.
An employee group is the most common
place to find a contract for group insurance, though group coverage
can also be acquired through professional associations, alumni groups,
and even from banks and trusts. The group insurance contract is between
the insurer and the organization purchasing the group contract, usually
the employer. You are covered under the policy, but you are not a party
to it. Employees may join or leave the group, but the parties to the
contract remain the same.
