Which of the following statements about group health insurance is true?

Group health insurance typically offers lower premiums compared to individual plans due to the pooling of risk among a larger group of insured individuals. This pooling effect means that the overall risk is spread out across many participants, which often results in lower costs for each member. Group plans benefit from economies of scale, allowing for more favorable premium rates and potentially broader coverage options.

Additionally, these plans can often provide benefits that individuals may not otherwise easily access due to cost, providing a key advantage for employers seeking to offer health coverage to their employees while managing expenses. This makes group health insurance an attractive option for many organizations and their employees.