How many checks does an employer send to the insurance company under a payroll deduction plan?
Normally the employer sends 12 checks, One per month.. however most companies that are in the worksite market canaccommodate other modes, like weekly. biweekly and semimonthly Companies that are committed to this market can match payroll for schools and other groups that have regular non working periods ( not our Congress ).. such as billing 9 monthly bills for the full 12 moth premiums.. Bob Stewart
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When the insurance company sends you a check do they put the check in your name or the collision center's name?
the check should be in your name, and possibly whoever financed it if that's the case , not the repair shop- in most states you can take the vehicle wherever you want to have …it repaired, some companies will steer you to certain shops,unless you know the shop I would NOT do that
Can your employer make you pay the insurance deductible if you have an accident in a company vehicle?
Answer . I don't know, but if the accident was your fault, why should he have to pay it? Might be better to pay it so you can keep your job (if the accident was your fault)….. Answer . Probably not, if you were on company business at the time. If you take a company truck home after work and you were at fault, that's a different situation. In either case, if you were at fault, he can write you up or possibly fire you. It might be easier just to pay the deductable.
Can your employer legally make it manatory to take a health insurance plan that will be deducted from your pay?
Answer . \nI would not think so
In many cases, yes. But it will depend on the nature of yourcontract and also your state/countries employment laws. In the UK, the job offer you received should have been prov…isionaland made subject to 'a satisfactory criminal record check'. Ifthere were no provisions on the offer, the employer has no standingto perform any further background checks.
No, you do not have to repair the vehicle. The first assumption I will make to answer your question is that you are the 'claimant' meaning your company is not paying for t…he damage the 'other/at fault' party is. If you are the insured and have a lien holder on the vehicle the draft should have been made out to you and your lien holder minus your deductible, you will need to contact your lien holder and ask them their process for this. Some will simply 'sign over' but most will either require you repair the vehicle or apply the money to your loan. In both cases, just a little information for you to think about. Should you get in another accident that damages the same part of you vehicle that you were paid to fix, or should you get in an accident and your vehicle totals. This (now) prior unrepaired damage will come into play. In a total loss all or a percentage of this (unrepaired prior) damage will be deducted from the actual cash value of your vehicle. If the 'new' damage is repairable they will (if doesn't need replaced by new wreck) deduct the prior damage as well. And yes, (I will be you are wondering) the vast majority of the time this accident and damage will show up when a new claim is reported. Most carriers have in their systems a built in VIN check. Or they will run one (for sure) if the vehicle totals. The company I work for, once a VIN is entered into the system (and it has to be to write an estimate) it will automatically throw up a 'block' of sorts saying, 'this VIN has had another loss'... There are a lot of times when repairing the vehicle is just the smarter thing for an owner to do. Hope this helps if you need any additional information and can provide some specific facts I will try and be of more assistance........Good luck !!!
The only way is if there is not a lien on the car. The reason being is to insure that the finance company is protected in case you decide not to have it repaired.
Can an employer retro payroll deduction for health insurance because you did not add your spouse for 4 months?
Yes they can and they may have to in order for the insurer to allow your spouse to be added. Spouses can be added to a group plan during open or annual enrollment, or when ce…rtain changes happen such as the spouse loses a job. You can't simply add a spouse at a whim. . By paying the four months premiums, you are effectively adding your spouse when you would have been allowed to. . The insurer is trying to protect itself against people joining the plan when they have a medical expense to pay, and then dropping out when they recover.
Generally no, unless there is something in the company policy handbook which allows for deduction for specific items, such as unreturned tools.
On the IRS site, they say that each pay date is called "constructive receipt" date. Every employee must be paid by this date.
Yes, he can use any company/corporation for any legal purpose...and employing people is certainly a legal purpose. Most major corporations have some system of this, where the …employees may not actually be employed by the company they would seem to work for. It helps in the administration of payroll/benefits, etc matters in many ways. Especially where a copany is actually a group of legal entities (many retail stores actually incorporate each of their stores as different Corps), and it brings everyone under one payroll, medical etc system - and means as workers move from one position to another - which may actually be another legal entity, they don't have to change employers and have maybe lose or have problems with years of service, vesting, etc. The companies that usually handle this type of situation are generally referred to as PEOs or Professional Employer Organizations. A PEO is a company that assumes the role of employer for another company's employees, thus becoming their employer-of-record. The employees are then leased back to the original employer under a contract in an arrangement commonly known as "co-employment". This situation is most common with small to mid-size businesses with payroll being the most common function that is outsources. PEO companies can also take on other roles in the employer-employee relationship including human resources consulting, employee benefit consulting, unemployment claims management, risk management consulting, and medical insurance.
Generally speaking, employers report payroll by calculating gross pay and various payroll deductions to arrive at net pay. While this seems simple enough to understand, calcul…ating various payroll deductions requires that the payroll accountant be detail-oriented and work with extreme accuracy.
What if your employer recently changed insurance companies midyear without telling you your deductible for the year was fully paid Do you have to pay a new deductible now?
Most insurance companies allow credit for the deductible met for services that actually incurred during the same calendar year. Call your new insurance company and find out if… they allow the credit and what proof they require.
First your paycheck with your NET take home pay (net pay after all deductions) that you have in your hand will not have anything withheld from it because it is issued to you a…fter all of the necessary taxes and other amounts that the employer is required to withhold from your gross wages, salary, earnings, etc. You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period. They will do this before they issue your net take home paycheck to you ans I don't know what the above is trying to address...net pay is the amount of the check after withholding and any other amount you have deducted...but the Q has nothing to do with net pay it is how to determine withholding on income. And the amount of that is determined by many things, and even the "gross pay" used may not be what you expect (it is not simply your salary in most cases), as many things not in your pay are required to be considered as income for tax (and tax withholding) purposes. There is no specific fixed amount or percent. Two people working at the same job, making the same wage may (an almost always do) have much different amounts required to be withheld. THE AMOUNT OR PERCENT IS ENTIRELY WITHIN YOUR CONTROL...YOU ESSENTIALLY TELL THE EMPLOYER HOW MUCH BY PROPERLY (or not) FILING YOUR W-4. It does not effect the tax you ultimately pay, just how much you have paid toward it. It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax. The amount of tax withheld also depends on many other things...obviously which state (or even city) your in, the amount of income your projected on earning over the year, (which helps determine your tax bracket and the percent that may be required), as well as your filing status, number of dependents and other deductions (like interest on a mortgage) or contributions to 401K, or medical and other benefits you selected, etc., etc. All these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to. The variations are so numerous that again, it is fair to say that it would be uncommon for 2 people, working at the same job making the same salary would have the same amount withheld. There are even a number of different legal ways for the payroll provider to calculate the amount to withhold considering all the above...but overall they make only a small difference. Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty and interest charges). Again, adjusting your W-4 is the way to correct for any of these circumstances. Just follow the instructions and examples for that form and you should have a very close amount for what is needed withheld for your situation...if for any number of reasons including those above, the situation changes... you will need to change the W-4.
Is it LTSB? Then it's Lloyds TSB Bank.