A corporate health insurance plan is a policy that businesses offer to their employees as part of their benefits package. It's designed to cover the cost of medical expenses, often including hospitalization, doctor visits, and prescription drugs. These plans vary in scope and may also extend to the employees' immediate family members. Having such a plan in place not only supports the health and wellbeing of employees but also contributes to job satisfaction and employee retention. In a nutshell, it's a crucial part of any comprehensive employee welfare program.