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 often provided through an employer, allowing many individuals to share the risk and costs associated with health coverage. This collective approach typically results in lower premiums compared to individual plans.
Option A is incorrect since group insurance covers multiple individuals, not just one. Option B misrepresents group plans, which are generally more affordable than individual plans due to risk pooling. Option D is also inaccurate; group health insurance usually does not require individual underwriting, simplifying the enrollment process for all members.
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