One of the advantages for employees in a group health plan is the contribution most employers make toward the cost of the health coverage premium â in many cases, employers pay one-half or more of the monthly premium for an employee.
The basic format consists of five decimal numerical digits. An extended ZIP+4 code, introduced in 1983, includes the five digits of the ZIP code, a hyphen, and four additional digits that determine a more specific location within a given ZIP code. The USPS provides a free online lookup tool for ZIP codes.
Some still refer to ZIP codes as US postal codes. The term ZIP stands for Zone Improvement Plan. The basic 5-digit format was first introduced in 1963 and later extended to add an additional 4 digits after a dash to form a ZIP+4 code. The additional 4 digits help USPS more precisely group mail for delivery.