Employment-Based Health Insurance
DEFINITIONEmployment based health insurance is offered by businesses who help their employees with paying for health insurance.
EXAMPLEJohn works at a car dealership and his employer offers health insurance to the employees. John decides to get his health insurance through his work. In this case, the company (the dealership) will be responsible to a portion of the cost of John's insurance and John will be responsible for the rest.