What does the group insurance mean?

In salary slip of every month there is a cut off of $1500 for group insurance. What does it mean?

Asked on December 26, 2018 under Employment Labor Law, Alaska

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 1 year ago | Contributor

"Group insurance" is insurance purchased as part of a qualifying group, rather than as an individual. In an employment context, it most likely means the health insurance bought for employees as a group--employers rarely provide this entirely "for free" but rather typically charge some percentage of the premiums. The best way to definitively answer your question is to ask HR or payroll what this is for--but as stated, it's most likely for some insurance, like health insurance, bought for employees by the employer.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.