Commercial Health Insurance
Commercial Health Insurance Commercial health insurance is a type of private health coverage primarily sold and administered by private companies, as opposed to government programs like Medicare or Medicaid. It plays a critical role in the United States, covering over two-thirds of the population, especially through employer-sponsored group plans. Overview of Commercial Health Insurance Commercial health insurance includes health coverage plans that individuals or groups purchase from private insurers. The most common usage is in group health insurance provided by employers to employees, which typically involves an employer subsidizing a portion of the premiums. It can also be directly purchased by individuals through agents, insurers, or government marketplaces established under laws such as the Affordable Care Act. Types of Commercial Health Insurance Plans Preferred Provider Organizations (PPOs) : These plans allow members to see any healthcare provider but offer lower out-of-...