What can be said about group policies?

Group policies are designed to cover a large number of individuals under a single master contract, which allows for the pooling of risk. This structure can lead to economies of scale, resulting in lower premiums and often improved benefits compared to individual policies. As a result, individuals in a group policy usually benefit from reduced costs, making healthcare accessible for a wider audience. Additionally, group policies often have specific requirements for coverage and may include various options that address the diverse needs of participants in the group, which can further enhance the value of the insurance provided.

The other options do not accurately reflect the characteristics of group policies. For instance, it's not necessarily true that group policies are always more expensive than individual policies; in fact, they often are cheaper. Group policies can cover a variety of individuals, not solely family members of the primary insured. Finally, while some group policies may streamline the verification process, many still require eligibility checks to ensure that participants meet the necessary criteria.