Definition
Group Health Insurance refers to a type of health insurance policy issued to employers, associations, trusts, or other groups that covers the health and medical expenses of employees or members, along with their dependents.
Coverage Overview
Group health insurance commonly includes medical coverage but might also offer dental, vision, and life insurance. Each member of the group receives a certificate of coverage indicating their benefits under the policy.
Benefits of Group Health Insurance
Cost-effective for members: Premiums are typically lower compared to individual insurance plans, as the cost is spread across the members of the group.
Extensive Network Choices: Often, these plans include access to a broader network of health care providers.
Employer Contribution: Employers often contribute a significant portion of premiums, reducing the cost for employees.
Ease of Enrollment: Simplified enrollment processes compared to individual health plans.
Regulatory Considerations
Group health insurance is subject to both state laws and federal regulations, such as the Affordable Care Act (ACA), that mandate specific coverage criteria and employee rights
