CPB Certified Professional Biller Certification Practice Exam

What does EGH plan stand for?

1. Employer group health plan

2. Electronic group health plan

3. Emergency group health plan

4. Exclusive group health plan

The correct answer is: Employer group health plan

The correct answer, which is "Employer group health plan," refers to a type of health insurance plan that is provided by an employer to its employees. This plan is designed to cover a significant number of individuals within the organization and often includes benefits that are more favorable than individual health insurance policies. Employer group health plans are an important aspect of the healthcare system, as they allow employers to share the costs of health coverage with their employees, improving access to care and promoting preventive health services. These plans often qualify for better rates and benefits due to the risk being spread over a larger group, thus making healthcare more affordable and manageable for both the employer and the employees. Other options, such as electronic group health plan, emergency group health plan, and exclusive group health plan, do not reflect the standard terminology recognized in healthcare billing and insurance. The common understanding and usage in the industry point specifically to employer group health plans when discussing group health insurance options.