Final answer:
Buying health insurance through employer-sponsored plans is more expensive than buying your own policy individually.
Step-by-step explanation:
The statement is True.
Buying health insurance through employer-sponsored plans is somewhat more expensive than buying your own policy individually. This is because employer-sponsored plans often have a large number of participants, which allows the insurance companies to negotiate with healthcare and service providers for lower rates. These lower rates are not typically available to individuals purchasing insurance on their own.
Additionally, employer-sponsored plans may offer more comprehensive coverage and benefits compared to individual policies. Employers often contribute to the cost of the premium, which helps offset the expense for employees. However, the cost of employer-sponsored insurance can vary depending on factors such as the size of the company and the level of coverage provided.