Posted: February 20th, 2022
Health Care Services
Group Health Benefits
Group Health Benefits refer to the medical coverage is given to employees of a company or members of a given institution. The benefits can also include auxiliary health plans such as vision, dental, and pharmacy services separately (Kronenberger & Ledbetter, 2016). The risk is usually spread across the insured population, compelling the insurer to charge relatively lower rates. For instance, if a company of two hundred employees is insured, there is a lower probability that they will all be sick. At times, only a few members become ill, and luckily, all the members will live healthily all through the period they are insured.
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