What is the contract called that is issued to an employer for a Group Medical Insurance Plan?

The contract issued to an employer for a Group Medical Insurance Plan is called a Master Policy. This document serves as the primary contract between the insurance company and the employer, outlining the terms and conditions of the group insurance coverage.

The Master Policy is distinct from individual certificates of coverage that are provided to each insured employee. It details the rights and responsibilities of both the insurer and the employer, including provisions for benefits, premiums, and coverage limits. This comprehensive agreement governs the overall group plan and serves as a reference for the plan's features and mandates.

Other options, while related to the insurance process, have different purposes. For example, the Certificate of Coverage is given to individual members of the group plan and summarizes their specific coverage details. The Policyholder Agreement typically refers to an arrangement between the policyholder and the insurer that isn't specific to group plans. Similarly, a Group Insurance Certificate is often used interchangeably with a Certificate of Coverage, which again focuses on individual member specifics rather than the overarching contract with the employer.