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Yes, it is standard practice for employers to search out the best value for the dollar, and switch at the end of the contract year if they find someone better.
That said, the law governing health insurance has changed over the last number of years, mostly in a way to broaden the availability of coverage for the employer. In years past, what often happened was that when the insurer changed, there was a period of time when a pre-existing condition was not covered under the new policy. A pre-existing condion is one that existed before the then-current policy went into force.
New laws made it impermissible to exclude those conditions if the insured had continuous health coverage for a period of time before the new policy went into force. The amount of time that the old policy had to be in force may vary (often 90 days), so it is important to check. The point is, that you should never let the health insurance lapse or otherwise go out of force, so that there is a gap in continuous coverage into which the pre-existing condition may fall.
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Can employer cancel health insurance upon termination?
Technically employer should inform the insurance company when they terminate any regular employee. Then insurance company will give 31 days window after termination date. That way, the emplyee could able to change their insurance either to new company benefits program or convert to individual health insurance. The employer can't terminate your group health insurance.
Change of insurance due to jobs. When will my existing insurance expire.. end of the month... the next month?
Check with the Personnel Office of your previous employer.
Can a company stop employees insurance policy?
Depending on the state and size of employer, there are situations when employers can change or stop the insurance benefits they offer to employees.
Can an employer use the working spouse rule to force a self-employed spouse to get her own health insurance when the premiums would exceed her income?
No, Working Spouse Rule If both you and your spouse work for Vought Aircraft, one of you can opt out of medical and dental coverage and the other spouse can cover both of you. Or, each spouse can elect separate coverage. However, only one of you can cover your eligible dependents for medical and dental benefits. Both of you can cover eligible dependents for optional benefits, such as optional life. If your spouse works for a company other than Vought Aircraft and has medical coverage available through that employer, Vought requires that your spouse enroll in that employer's medical plan if the employer pays 50% or more of the cost of the plan. Your spouse's plan becomes the "primary" payer, and your Vought coverage becomes your spouse's secondary insurance. A change in your spouse's employment status (termination or beginning of employment, for example, or a significant change in insurance coverage) qualifies as a change in life status that allows you to change your benefit elections during the plan year. http://benefits.voughtaircraft.com/employees/CBU/enrollment/workingspouse.htm for more info. see www.steveshorr.com/
Who are the best health insurance companies in Iowa?
The best companies depends on what suits you. Health insurance is affordable. You may need to change providers if your provider does not have affiliations in Iowa.
I signed an auto insurance settlement for medical. can I change my mind?
No, by signing the settlement you are waving the insurance company and the opperator from any further liability.
What is portable supplemental life insurance?
Portable supplemental life insurance is any individual life insurance policy that is not taken through an employer group. The employer provided life insurance coverage will be lost as soon as you change jobs, get laid off, fired or if you quit, while the individual life insurance policies will continue to stay in force regardless of your employment situation (providing you are paying the premiums on time).
What is supplemental life insurance?
Portable supplemental life insurance is any individual life insurance policy that is not taken through an employer group. The employer provided life insurance coverage will be lost as soon as you change jobs, get laid off, fired or if you quit, while the individual life insurance policies will continue to stay in force regardless of your employment situation (providing you are paying the premiums on time).
The Best Travel Insurance?
Travel insurance is becoming increasingly popular as more travelers come to see trips as investments in recreation. There are two basic types of travel insurance: trip cancellation and/or delay insurance and travel medical insurance. Trip cancellation and delay insurance protects a traveler in the event that an unforeseen circumstance causes them to change the timing of their trip in some way. Travel medical insurance protects the traveler in the event that he or see falls unexpectedly ill while traveling. If you want the best travel insurance, don't buy from your travel provider: If that company goes out of business and your trip is cancelled, they won't be around for you to collect your insurance compensation either.
Can employer change health insurance carrier and levels of benefits durinh the year?
Baring a collective bargaining agreement that might prevent it, yes.
How often do families buy individual health insurance for themselves?
Once per year, individuals who receive health insurance through their employer have the option to change their coverage or keep their current coverage.
If a married couple both have dental insurance provided by employer can you drop one and use as primary?
Maybe. This is actually a question for your wife's benefits coordinator at her employer. She should ask her supervisor who that would be. If there is a significant change in your insurance status, you can make changes. For example, if you lost your job you could be added to your wife's insurance immediately. If there's no change in status, you will have to wait until the 'open enrollement' period, usually December for most plans. Many dental insurance plans are only available with the medical plan. So, you might have to change ALL your insurance, not just dental, to get your wife's dental plan. Also, it might be much more expensive. Many employers pay 30% to 70% of the cost of the employees insurance, but nothing toward dependents insurance. So, it might cost 3 or 4 times as much for you both to have her plan. Here are the questions your wife needs to ask her benefit coordinator: When is the open enrollment period? Can you get your wife's dental plan only, or must you take her medical plan as well? How much will it cost to insure both of you? It will all depend to what will be the cover of your insurance..
