Life License Qualification Program (LLQP) Practice Exam

According to Florida Law, what is the required minimum percentage of employee participation for a noncontributory group health insurance plan?

1. 0%

2. 25%

3. 75%

4. 100%

The correct answer is: 0%

In Florida, a noncontributory group health insurance plan is one where the employer pays the entire premium without requiring employees to contribute financially. In this context, the law stipulates that there is no minimum percentage requirement for employee participation in such plans. This means that even if only one employee enrolls, the plan can still be valid. Thus, having a minimum participation requirement of 0% indicates that an employer can offer a noncontributory plan regardless of the number of employees who choose to take part. This flexibility is particularly useful for employers who wish to provide health benefits to their employees without the financial burden being shared. This directly supports workforce health and can improve employee morale, making it an appealing option for many employers. The understanding of employee participation levels in different types of group insurance plans is vital, especially since contributory plans may involve higher participation rates to maintain viability and manage risk effectively.