South Carolina Life and Health Practice Exam

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Study for the South Carolina Life and Health Exam. Engage with flashcards and multiple choice questions; each question is outlined with hints and explanations. Prepare for your certification journey!

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What percentage of the premium does the employer typically pay in a group major medical plan?

  1. 100%

  2. 75%

  3. 50%

  4. 25%

The correct answer is: 75%

In group major medical plans, it is common for employers to cover a significant portion of the premium costs. Typically, the standard percentage that employers pay is around 75%. This percentage helps make health insurance more affordable for employees and encourages them to participate in the plan. By paying the majority of the premium, employers can also attract and retain talent, as comprehensive health benefits are a critical factor for many job seekers. While it is possible for employers to pay 100% or less than 75%, the 75% benchmark is widely observed in the industry, balancing the cost between the employer and employees.

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