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employer-sponsored insurance
Insurance coverage purchased through an employer, also called group coverage. It is usually cheaper than buying an individual policy because the employer pays part of the premium, and firms with many employees can better negotiate group rates with insurance companies.
- Part of Speech: noun
- Synonym(s):
- Blossary: ObamaCare
- Industry/Domain: Insurance
- Category: Health insurance
- Company:
- Product:
- Acronym-Abbreviation:
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