Definition: Companies with health care benefits offer assistance with medical costs. Depending on the company’s policy for health care benefits, employees can pay a fee to opt into the health care plan, while the company pays the bulk of the premium, or the company may pay for all health care related costs.
Employers often provide employees with some sort of group medical insurance, with the level of coverage depending on the status of the employee. Part-time employees often receive fewer benefits than a full-time employee.
With group medical insurance, there are a variety of health care plans that employees have access to. Most companies offer managed-care health coverage through HMOs and preferred provider organizations, PPOs.
Employee Benefits Articles and Advice
Also Known As: health insurance
