Group health plan

A group health plan is a type of health insurance plan that provides coverage to a defined group of individuals, such as employees of a company, members of a union, or members of a professional organization. Group health plans are typically sponsored by employers or other organizations, who negotiate with insurance carriers to provide coverage for their members. These plans often offer comprehensive benefits at lower costs compared to individual health insurance plans, as the risk is spread across a larger pool of participants. Group health plans may include medical, dental, vision, and other healthcare benefits, and may offer options for employees to select coverage levels and additional benefits based on their needs. Group health plans play a vital role in providing affordable and accessible healthcare coverage to large groups of individuals.