employer-sponsored insurance

Employer-sponsored insurance refers to health insurance that is provided by an employer as part of employee benefits. This means that a company pays for a portion of the employees' health insurance premiums, which helps to cover medical expenses such as doctor visits, hospital stays, and prescriptions. Employees often contribute to the cost through payroll deductions. This type of insurance is a way for employers to support their workers’ health care needs, attract talent, and foster employee loyalty. It can also provide tax advantages for both the employer and employees.