Definition

A health insurance plan provided by your employer, often offering better rates and benefits than individual plans.

What to consider

  • Compare plan options during open enrollment for the best fit.
  • Consider factors like premiums, deductibles, and provider networks.
  • Review any changes in benefits annually to ensure optimal coverage.

Real world scenarios

  • Working for a large company, Zoe benefited from an employer-sponsored healthcare plan that offered comprehensive coverage at a lower cost than individual plans.

Related terms

Healthcare