Employer provided health insurance

What is employer provided health insurance?

Employer provided health insurance (EPHI) is health insurance obtained through employment. The opportunity to participate in employer-based health insurance is offered as a job benefit by employers.

One or more health insurance plans known as group health plans may be offered to employees. The health insurance plans may be completely or partially subsidized by the employer.

Since employers are able to negotiate better rates from health insurance companies than individuals, employer provided health insurance plans typically have lower monthly premiums than those of individual health plans.