Association Discounts

• Join an group of people banded together using their purchasing power for plan discounts
• Save 5 to 20% from your quoted Family or Individual premium rates just as a group would
• Be issued your private and personal Policy plus individual family member’s ID Cards
• Chose your own personal starting date, mode of payment and method of remittance

Some International Medical Insurance & HealthCare plan companies offer special discounted premiums to members of associations having significant size. What Plan companies look for is initial enrollment of a significant number of association members into their plans. They usually expect to see at least 10 or 20 members signing up for plans before special pricing is offered. Premium discounts rage from 5 to 10% and can go higher if more than 75% of the actual association members enroll into a plan. The idea is to secure an amount of business (premium) as would be similarly obtained and paid for by a group.

The initial smaller 5-10% discount is offered to entice members to consider the offer. Each enrollee must complete a standard individual application form for himself and his family. This is because applicants are voluntarily enrolling. This means that both healthy and unhealthy members of the association are making selective purchases. If any person’s medical histories reveal reason for premium to be loaded above a regular rate, the association discount is applied to an upward adjusted premium on those specific persons. Others would not initially be affected insofar as their expected premium discount.

Advantages – group discounts can be given to members similar to as if they were indeed in a Group plan. They are given individual policies with desired commencement date of coverage that is unlike a group plan expiring on a single date for all enrollees. It is usually easier to get acceptance based on size of number of participants and also policy/plan matters tend to be responded with greater commercial priority than a single family plan. Disadvantage – the group’s claim experience is evaluated on it’s own merits and thus premiums can be increased for all participants if losses suffered are above normal.