Group health plan

In accounting, group health plan means a health plan an employer maintains for its employees — insured or self-insured. Subject to ERISABenefitsERISAThe Employee Retirement Income Security Act of 1974 — the federal law that governs private employers' benefit plans, health and retirement alike: a written plan document, disclosure to participants, annual reporting and fiduciary duties for a private employer, and to COBRABenefitsCOBRA continuation coverageThe federal right of an employee and family who lose group health coverage through a qualifying event to keep it, at up to 102% of its cost, for 18 months (termination or reduced hours) or 36 (most other events). Applies once the employer had 20 or more employees on more than half its business days the year before once the employer has 20 or more employees.