Group insurance is a policy purchased by an employer or organization that covers multiple individuals—usually employees and sometimes their dependents. Because the risk is spread across the group, premiums are often lower than individual policies. Employees typically enroll during an annual open enrollment period or after qualifying life events.

A standard package may include health insurance, dental and vision coverage, life insurance, disability insurance, and retirement savings plans. Many employers also offer wellness programs, mental health support, and flexible spending accounts (FSAs) or health savings accounts (HSAs).

In most cases, the cost is shared between the employer and employee. Employers typically cover a percentage of the premium, and employees pay the remaining amount through payroll deductions. Some benefits, like basic life insurance, may be fully employer-paid.

Yes. While group insurance plans have standard options, employees can often choose coverage levels, add dependents, or select optional benefits such as supplemental life or disability insurance. This flexibility allows individuals to tailor their benefits to their needs and budgets.

Providing employee benefits can help attract and retain talent, improve employee satisfaction, and promote overall workplace wellness. In many cases, offering benefits can also provide tax advantages for the employer while reducing absenteeism and increasing productivity.