A policy that covers a number of people under a single master contract issued to the employer or to an association with which they are affiliated and that is not self-funded is usually called
A) group policy.
B) individual policy.
C) a government plan.
D) a self-insured plan.

Question

Quizplus · Accepted Answer

Group policy usually provides greater benefits at lower premiums because of the large pool of people from whom premiums are collected. In most cases, the employee shares the cost of coverage through payroll deductions.

A Policy That Covers a Number of People Under a Single