Final answer:
The incorrect statement regarding group Medical and Dental insurance is that employee benefits are tax deductible when received, which is not the case as these benefits are usually tax-free. Group plans are based on agreements between employers and insurers and may include deductibles and co-payments.
Step-by-step explanation:
The incorrect statement concerning group Medical and Dental insurance is option A: Employee benefits are tax deductible the year in which they were received. In fact, employee contributions to their health and dental plans are typically made with pre-tax dollars, and benefits received from such plans are generally considered to be tax-free benefits, rather than tax-deductible expenses.
Group health insurance is an arrangement between insurers and employers that helps spread the risk among a group. This type of plan can provide comprehensive coverage, though it's not a given that it will always be more extensive than individual plans, as the extent of benefits depends on the policy and employer's choices. Under such plans, employees may be required to pay a deductible before insurance kicks in and may have co-insurance payments or a co-pay for services rendered.