Health insurance coverage offered and financially supported by an employer as a benefit to the company’s employees is classified as group coverage. Group coverage provides an employer with the opportunity to provide an important benefit that employees value. Group coverage is available from multiple carriers who offer a significant number of plan options, a variety of network choices, and enrollment that is not limited by the Open Enrollment period.
Employers can design plans that meet a specific budget, plan design, or amount to be provided towards the plan premium. Group coverage can be an important benefit and can contribute to the well-being of a company’s workforce.