In the context of group insurance, who generally bears the cost of providing coverage?

In group insurance, the costs of providing coverage are typically shared between the employer and the employees. This arrangement helps make insurance more affordable for both parties, as the employer often pays a significant portion of the premium. By sharing costs, employers can provide valuable benefits to their employees without bearing the entire financial burden alone.

Additionally, employees usually contribute through payroll deductions, which allows them to receive benefits at a lower cost than they would find in individual insurance policies. This shared approach encourages participation in the group plan and fosters a sense of collective security, as it enables broader coverage for a larger group of people.

Other arrangements could exist in different contexts, such as fully employer-funded plans or those where employees bear the full cost, but the most common scenario in group insurance is that both the employer and employees contribute to the premiums.