Chapter 16 – Employee
Benefits: Group Life and
Health Insurance Study
Guide
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, Ch. 16 Employee Benefits_ Group Life and Health Insurance Page 2 2026-04-01
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Terms in this set (18)
Group Insurance Employee benefits (HI)
Has 4 main differences
3 requirements to get on the plan
Group plans are either contributory or non-contributory
Group Insurance 4 main differences Every employee is covered under 1 contract
Bc of that, we have reduced marketing and administrative expenses
Individual evidence of insurability is not required
99% of the time is going to be cheaper
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