What is the grouping of two or more small employers in order to obtain group health insurance at a favorable rate called?

The grouping of two or more small employers to secure group health insurance at more favorable rates is referred to as a Multiple Employer Trust (MET). This arrangement allows smaller employers to band together to share the risk among themselves, which can lead to lower premiums and better coverage options than they could achieve individually.

In the context of health insurance, METs enable these small businesses to take advantage of economies of scale when purchasing insurance, similar to larger employers. This collaboration ultimately helps them provide competitive benefits to their employees while managing costs effectively.

The other options, while related to the health insurance landscape, do not specifically describe this type of grouping for insurance purchasing. For instance, an Association Health Plan involves a group of businesses that share a common interest and can offer health plans to their members, but it operates slightly differently than a MET in terms of structure and regulations. The terms "Collector’s group" and "Health benefits alliance" do not represent recognized entities in the context of group health insurance purchasing.