Which of the following is NOT a benefit of group health insurance plans?

Group health insurance plans are designed to provide coverage to a larger group, typically employees of a company, and they come with several benefits that are advantageous to both employers and employees. One of the key characteristics of these plans is their pricing structure.

The individualized premium rates, which refer to the ability to charge different premiums based on an individual's health status or claims history, do not apply in group plans. Instead, group health insurance typically utilizes a community rating system, where the premiums are based on the overall health and demographics of the group, not on the individual members' health status. This results in standardized premium rates for the group as a whole, which is distinct from how individual health plans operate.

On the other hand, the other benefits associated with group health insurance plans include lower costs for employers because they can negotiate better rates due to the larger pool of insured individuals. There are often tax benefits associated with providing health insurance, as employer contributions can be tax-deductible. Furthermore, group health insurance plans often guarantee issue coverage, meaning that all employees are covered without the requirement for medical underwriting, ensuring that even those with pre-existing conditions are eligible for benefits.

Therefore, the lack of individualized premium rates is what distinguishes group health insurance from other forms of insurance