When shopping for insurance, there is no guarantee that one option is cheaper than the other. It depends on the company you are looking at and their personal prices.
Having group insurance, as opposed to individual insurance, brings the benefit of lower prices for a certain service. Since every one person in the group will be paying the same price for the...
Group health insurance is required to accept all employees regardless of their health while individual insurance can deny coverage to unhealthy people. They also calculate renewal rates differently.
The cost advantages of choosing group insurance over individual insurance include discounted prices, group benefits, and coverage for families/dependents. The other benefit is that you can pay pretax.