What is group health insurance

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What is group health insurance
Group health insurance is a type of medical
insurance policy for employees or members of a
company or organization. A group health insurance
plan typically provides health insurance
coverage to its members at a lower cost since the
risk to health insurers is spread across the
members of the group health plan. Businesses and
organizations buy group health insurance plans
to provide medical coverage to their employees or
members. Only groups, and not individuals, can
enroll in group medical insurance plans. Group
medical insurance plans often require a 70
percent participation rate. Group members have
the choice of enrolling in or declining health
coverage To enroll in a group health insurance
plan, a business needs at least one full-time or
full-time equivalent employee.