What is one advantage of a group health insurance plan?
Because an insurance provider can spread their risk across a pool of policyholders participating in the group plan, costs are typically lower than other types of health insurance policies. This is considered to be the biggest advantage of group health insurance.
What is a group plan?
Group health plans are employer- or group-sponsored plans that provide healthcare to members and their families. The most common type of group health plan is group health insurance, which is health insurance extended to members, such as employees of a company or members of an organization.
What is one advantage of a group health insurance plan?
Because an insurance provider can spread their risk across a pool of policyholders participating in the group plan, costs are typically lower than other types of health insurance policies. This is considered to be the biggest advantage of group health insurance.
What are group benefits in Canada?
What is a group benefits plan? A group benefits plan helps employees cover the cost of things that provincial health care plansOpens in a new window may not pay for, including certain prescription drugs, dental, hospital, vision, paramedical and ambulance services.