What is Group Health Insurance? Group health insurance is health cover offered to a group, especiall

What is Group Health Insurance?
Group health insurance is health cover offered to a group, especially the employees of an entity. People do not have to personally purchase health insurance. Here, an employer covers the health insurance of its employees, an advantage for them because one has more chances of becoming affordable than when people buy on individual terms.
Benefits to Small Businesses
1. Cost-effectiveness is the major reason why people prefer group health insurance because most risks are covered by multiple workers; most insurance providers offer lesser premium than if the cover were bought separately by the same number of individuals. And most organizations, before paying employees, already cater for that portion in addition to charging the remainder directly to their employees.