In a group medical plan, what does the employee contribution refer to?

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Study for the Medical Expense Insurance Exam. Prepare with flashcards and multiple-choice questions; each has hints and explanations. Ace your exam!

Multiple Choice

In a group medical plan, what does the employee contribution refer to?

Explanation:
The employee contribution is the portion of the group medical plan premium that the employee pays, with the remainder typically covered by the employer. This is a form of cost sharing between employee and employer, helping fund the plan. It does not refer to the insurer paying benefits, nor to the employer’s share of the premium, nor to the maximum out-of-pocket limit, which is the cap on what you pay for covered services in a year.

The employee contribution is the portion of the group medical plan premium that the employee pays, with the remainder typically covered by the employer. This is a form of cost sharing between employee and employer, helping fund the plan. It does not refer to the insurer paying benefits, nor to the employer’s share of the premium, nor to the maximum out-of-pocket limit, which is the cap on what you pay for covered services in a year.

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