group health insurance

group health insurance definition - business

group health insurance

Insurance coverage for an organization's employees or members who through injury or illness incur hospital, doctor, and other medical expenses. Most group health insurance includes deductibles and copays and is likely to require additional employee premiums to cover dependents.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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