How does group health insurance differ from individual health insurance?
A. Individual evidence of insurability is required
B. Premiums are higher
C. Individual evidence of insurability is not required
D. Pre-existing conditions not covered
Answer (2)
Group health insurance typically does not require individual evidence of insurability, while individual insurance often does. Premiums are generally higher for individual plans due to the smaller risk pool. Thus, option C is the correct answer regarding the differences between the two types of health insurance. ;
The key difference between group and individual health insurance is that group plans generally do not require individual evidence of insurability, making coverage accessible to those with health issues. Additionally, individual insurance usually has higher premiums due to a smaller risk pool. The correct answer is C.
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