Question

multiple select question

select all that apply

select the following that are true of group plans; there may be more than one answer.

they cost less than individual plans.
dependents are rarely covered.
dependents are customarily covered under the plans.
they are bought by individuals.

Explanation:

Define group health plans

Using the Healthcare Insurance Types knowledge point, group health plans are insurance policies selected and purchased by employers or organizations for their employees or members.

Analyze cost characteristics

Group plans typically cost less per person than individual plans because risk is spread across a larger pool of people, and administrative costs are shared.

Evaluate dependent coverage

Under standard group health plans, dependents (such as spouses and children) are customarily covered, making the statement about rare coverage incorrect.

Evaluate purchasing entity

Group plans are bought by employers or organizations for a group, whereas individual plans are bought directly by individuals.

Select correct options

Based on the analysis, the true statements are that they cost less than individual plans and dependents are customarily covered.

Answer:

• They cost less than individual plans. (Correct answer)
• Dependents are rarely covered.
• Dependents are customarily covered under the plans. (Correct answer)
• They are bought by individuals.