What does Business Health Insurance mean? Read on to discover the definition & meaning of the term Business Health Insurance - to help you better understand the language used in insurance policies.
Business Health Insurance
Business health insurance, or more commonly known as group health insurance, is a health insurance policy purchased by employers for eligible employees and their dependents. An employee benefit many larger companies offer to qualified employees, it covers a portion of qualifying medical expenses. The amount varies from company to company, with state and federal laws, such as the Affordable Care Act, affecting the extent and types of coverage group plans must offer.
We hope the you have a better understanding of the meaning of Business Health Insurance.