The most common employer based health insurance is group health insurance. With group health insurance, employers typically purchase a plan through an insurance company like Blue Cross and Blue Shield and provide coverage to employees and their dependents.
Group health insurance generally includes coverage for doctor visits, hospital stays, preventive care, prescription drugs, and other medical services. It provides a certain level of financial protection in the event of a health emergency or an unexpected illness.
Employees typically have access to a variety of health plan options such as PPOs, HMOs, and HSA-qualified plans. These policies vary in price and the level of coverage they provide. Additionally, employers typically offer a variety of additional benefits for their employees including dental, vision, and accident insurance, wellness programs, and other types of coverage.
Employers typically contribute to the cost of health insurance for their employees. The amount of the employer contribution is usually based on the type of coverage the employee selects.
Overall, group health insurance is the most popular form of employer-based health insurance, providing coverage to millions of workers and their dependents. It is important that individuals closely review the coverage options available to them and make an informed decision regarding the type of employer-based health insurance that is best for their needs.