Employee Benefit Insurance Plan

Published: | Updated: January 27, 2017

Definition - What does Employee Benefit Insurance Plan mean?

An employee benefit insurance plan refers to insurance offered by employers to their current employees in the form of a group insurance program. It also serves as a way to attract and retain workers in a company.

Insuranceopedia explains Employee Benefit Insurance Plan

An employee benefit insurance plan typically includes the following basic coverage package: medical health insurance, group term life insurance, prescription drug plan, and accidental death and dismemberment policies. Other companies may offer a more comprehensive package that might include dental and vision plans, short- and long-term disability insurance, and retirement plans.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

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