Group medical expense insurance is an employee benefit that pays the cost of hospital care, physicians’ and surgeons’ fees, prescription drugs, and related medical expenses. These plans are extremely important in providing economic security to employees and their families. Most insured workers today obtain their coverage through employer-sponsored medical expense plans.
Group medical expense coverage is available from several providers, including the following:
Blue Cross and Blue Shield plans
Managed care organizations (some of which are offered by commercial insurers and Blue Cross Blue Shield plans)
Self-insured employer plans (some of which are administered by commercial insurers and Blue ...