Group health insurance is a type of health insurance that is offered to a group of people, such as employees of a company or members of a professional organization. These plans are typically purchased by the employer or organization, with the cost shared between the employer and the employees.
Group health insurance plans can provide several benefits, including lower premiums, better coverage options, and access to a wider network of healthcare providers. Employers may also offer additional benefits, such as wellness programs, to help promote employee health and reduce healthcare costs.
In addition to traditional group health insurance plans, there are also several alternative options available, such as high-deductible health plans with health savings accounts (HSAs) and self-insured plans. These plans may offer additional flexibility and cost savings, but may also come with additional risks and responsibilities.
Overall, group health insurance is an important benefit that can help employees and members of organizations access affordable healthcare. Employers and organizations should carefully consider their options and choose a plan that best meets the needs of their employees or members.
