A few small employers in the same industry join together to become eligible for group insurance. This is known as?

The scenario described in the question refers to a situation where several small employers from the same industry collaborate to provide group insurance options for their employees. This arrangement is recognized as a Multiple Employer Trust (MET). A MET allows different employers to pool their resources and share the risks associated with providing health insurance, enabling them to negotiate better terms and rates than they might be able to achieve individually.

In a MET, employers can offer insurance coverage that might be unaffordable for smaller companies acting alone, thus enhancing access to benefits for employees. These trusts are often formed with the goal of providing a stable and affordable insurance solution while also ensuring compliance with regulations governing group health plans.

The other options refer to different concepts. A Single Employer Group focuses on insurance provided by one distinct employer for its employees. A Group Insurance Network doesn't specifically address the collaboration among multiple employers to provide insurance. Similarly, a Shared Risk Association typically involves a different set of arrangements for risk management rather than specifically forming a trust for employee insurance among multiple employers.