New York Insurance Exam Practice Question
Which of the following is a characteristic of group health insurance?
Correct Answer: C
Rationale: Group health insurance is typically offered through employers or organizations, allowing members to access coverage collectively. This structure leads to lower costs and shared risk among participants.
Option A is incorrect as group plans usually involve simplified underwriting processes, not individual assessments for each member. Option B is misleading; group plans often have lower premiums compared to individual plans due to the risk pool's size. Option D is also inaccurate, as group health insurance often provides tax benefits for both employers and employees, such as tax-deductible premiums.
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