What does the acronym EGHP represent in health insurance terms?

The acronym EGHP stands for Employee Group Health Plans, which refers to health insurance plans that are offered to employees by their employers. These plans are designed to provide health coverage to a group of employees, making them a more cost-effective option for both employers and employees compared to individual health insurance policies.

Employee Group Health Plans typically offer a range of benefits, including medical, dental, and vision coverage, and are often structured to cover a larger pool of individuals, which helps in spreading the risk and reducing costs.

Understanding this term is important for those involved in health insurance coordination, as it reflects a significant aspect of employer-provided insurance in the healthcare system, allowing for broader access to medical services for employees compared to plans available to individuals.