Which of the following statements regarding group coverage is accurate?

The statement that premiums are usually split between employer and employee accurately reflects the common structure of group insurance plans. In many employer-sponsored health insurance plans, the employer typically contributes a significant portion of the premium costs, while employees pay the remainder, often deducted directly from their paychecks. This shared responsibility for premium payments helps make health insurance more affordable for employees, as they benefit from the group's collective bargaining power.

Looking at the other statements, while group insurance sometimes can be cheaper than individual insurance due to the risk pool being larger, it is not an absolute rule. Therefore, that first statement is not universally applicable. Coverage in group plans is generally guaranteed issue, meaning individuals cannot be denied coverage based on health status; however, this specific nature is misunderstood in relation to plan types and may not always apply in practice. Lastly, while some may perceive that group plans offer fewer benefits than individual plans, this can vary widely, and many group plans provide extensive coverage options. Thus, the accuracy of splitting premiums between employer and employee stands out as a key characteristic of group coverage.