Group Health Insurance

Group Health Insurance
Group health insurance offers healthcare coverage to members of a defined group, such as employees of a business, union members, or association groups, facilitating access to a comprehensive range of medical services.
Hospitalization Insurance
A form of health insurance that covers hospital stays and related medical costs, such as medicines and physicians' services. Many organizations provide at least part of the cost of hospitalization insurance for their employees, with coverage varying depending on the specific policy.
Master Policy
A Master Policy is a single insurance contract that provides coverage on a group basis, typically issued to an employer, with group members receiving certificates summarizing the benefits provided.

Accounting Terms Lexicon

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