Do you keep your health insurance while on long term disability?
Disability insurance often replaces up to 2/3 of your income. The idea is to keep money flowing in during times you are unable to work, but not to create an incentive for workers to stay disabled. Insurers want you returning to work as soon as possible, and shorter disabilities keep premiums affordable. Insurance companies ask if you have other coverage in order to make sure that you won't be making more money while hurt than… Read More
Waiver of premium on a life insurance policy or disability insurance policy means that in case of a disability, the insurance company will waive the premiums and keep the policy in force. This is a layer of added protection in case you can't afford to pay the policy due to loss of income in case of an illness or accident. All disability insurance policies include the waiver of premium at no cost, keeping the policy… Read More
Yes, the insurance is kept but you must pay the full amount your employer paid. If not Cobra insurance will be offered at a very expensive rate.
Yes - keep both coverages. They are designed for two very different purposes. Your medical insurance reimburses the doctors and hospitals that provide your medical treatments. Disability insurance replaces a portion of your income during the time you are sick or hurt and unable to work.
If you can afford to keep disability insurance, I would. As we get older, our bodies become fragile, and you want to be fully covered just in case.
The Affordable Health Care Act of 2010 allows parents to keep their children on their health insurance until they are 26. This applies if they are not covered under any other health insurance.
Yes, an employee can and often will be terminated while on a Long-Term disability claim if there is indication he/she will not be returning to work. There is nothing stating or requiring an employer to keep an employee who is unable to perform the tasks required by their job description on staff. Clearly the Long-Term disability benefits will continue regardless. However, other benefits could be lost once terminated. Check with you insurance provider for specifics… Read More
No, you can keep your insurance.
Supplemental health insurance would usually cover what your regular health care insurance does not cover. Like long term care, or rehabilitation. Some like Aflac would help you keep up with your bills.
All insurance contracts are aleatory by their very nature. This is because, while the insured is required to pay premiums to keep the contract in force, the insurer may not be required to perform if a loss within the scope of coverage does not occur.
Lifetime maximum is how much the insurance will pay overall. So, if you have a $1 million dollar lifetime maximum, that's all your insurance will cover as long as you have that insurance. While a million dollars sounds like a lot, keep in mind that an extended stay for a catastrophic event can eat through that quickly. And things like heart bypass surgery can cost over $250,000. While most of us won't have to worry… Read More
Can your employer cancel your health insurance when you are on short term or long term disability because you did not make a payment on your insurance like is normally done through your paycheck?
Your employer's obligation to pay premiums normally stops when your paycheck does, that is, when your medical and personal leave is exhausted, and there is nothing left to deduct the premiums with. When that happens, the insurance company, not your employer, cancels your health insurance for lack of premiums. There are many ways to avoid this tragedy, including donation of leave by co-workers, if permitted, to keep the paychecks coming, or employer paying premiums for… Read More
Once per year, individuals who receive health insurance through their employer have the option to change their coverage or keep their current coverage.
Completely depends on your opinion. It will raise taxes and cost of medicine, health insurance, etc. For everyone. But it will give the poor who can't afford, or the person who does not want to work health insurance. So in my opinion it's everyone who wants to keep there health insurance which is the middle and upper class.
AXA insurance provides many different services that all come with a fee to keep you covered. Such services are health insurance, Investment, Pension & Life Insurance.
If your company has approved leave and disability, then you should be able to claim the Family Medical Leave Act as protection. Link Below.
If you are determined partially disabled by a Workman's Compensation physician can you also collect disability insurance?
It would depend on your disability insurance plan. Some plans exclude work-related disabilities. If your plan excludes work-related disabilities, then you would initially be denied through your disability insurance. You should still file a claim with them however. If your Worker's Compensation claim ends up being denied though, you could then forward a copy of the denial letter to your disability insurance carrier for review of possible approval. If your plan does not exclude work-related… Read More
In the United States approximately 2/3 of the population has health insurance. Only about 20% of those uninsured do not qualify for private insurance. Most states have formed Health Insurance Risk Pools that will insure these individuals. Te democrats keep telling us that health insurance is unattainable or not affordable. That is not true. Most people can afford health insurance the instead decide to buy that extra car or plasma television or weekend home. I… Read More
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Absolutely - but let the child's Medicaid caseworker know so that providers will bill the private insurance first.
Usually a very short and limited amount of time, if any at all. Most layoffs occur on the last day of the month - consequently your health insurance also ceases on that same day.
It is generally cheaper for people to negotiate health insurance prices through their employer as the combined company has better negotiating power than a single person. Employers keep more productive employees if they encourage health among their employees. As such some of the insurance may be subsidized by the workplace. Employers also have an incentive to make sure that employees spend some of their earnings on health maintenance. It is far less effort for an… Read More
It depends on what your insurance is. Some wheel chair companies keep in mind that people on certain insurances can't afford it and will give them to you at a lower cost or work with you to get a payment plan. However, some insurance companies do cover the cost but it depends on the severeness of your disability.
"Out on disability" for how long? If it is only a temporary absence with an assurance that you're coming back to work - and your insurance is part of your salary/pay package, it should remain in effect. On the other hand, if you are out permanently with no possibility, or thought, of returning to work, your insurance will probably end at about the same time as your final paycheck. This may be governed by the… Read More
Your employer does not. Under a federal act known as COBRA (1985), you are entitled to continue your coverage through your employer's health insurance company at the full rate (your premium plus whatever your employer paid) or you may elect a lesser coverage plan under the same health provider, for up to 18 months (in most cases). While there is an additional act known as ARRA (2009) in which the government provides some eligible individuals… Read More
If your employer offers health insurance and you opt not to have it are they required to compensate you for the cost of a premium?
No. Keep in mind that insurance coverage is very expensive and the employer, as a rule bears the largest amount.
Colonial Penn offers health and life insurance, to keep people safe in their lives, and help them keep a good budget. Also, it is good for retrieving money if a family member gets hurt.
The current regulations require tat you have some sort of minimal health insurance, either through an employer, purchased on your own, or from the government (medicaid) if you qualify based on income and resources. If you already have health insurance from an employer or otherwise that is comparable to or better than medicare than you can keep it and do not need to apply for medicare.
Lien holder wants to verify the insurance on our boat in Alabama can they require insurance on it if you never use it and it is in storage due to a disability?
Yes, they can. When you agreed and signed your finance contract at the time of purchase you agreed to keep the property insured until the note was paid off.
Health insurance is necessary because it will offset the costs of medical care should you get sick or injured. Medical care, even for a relatively minor issue, is very expensive and with insurance much of that cost is taken care of by your provider. If you do not have insurance, then the taxpayers and other patients end up absorbing YOUR costs. At certain ages, you are less likely to get sick, but still, health insurance… Read More
There is free/low cost care such as medicaid and community health centers. This is too broad a topic to cover private insurance as it would depend on age and situation. There is also affordable care act, Medicare, and COBRA to keep insurance even after a job.
It depends on the insurance company, but I personally have never known of a company that would allow a parent to continue to carry insurance on a child after that child married, because at that point, you are no longer a 'dependant' of your parents.
16,000 new IRS agents will keep track of who has not paid for health care insurance and impose a tax or fine.
There are lots of reasons that dropping your health plan at any time is unwise. But to answer your question: You can go for up to three months without health insurance, and still not have to pay the penalty/ tax. You drop your health plan by stopping your monthly payments for it. If you are covered by an employer plan, you would notify your employer. The employer will have forms for you to sign, and… Read More
In the U.S. and Canada, a divorce normally disqualifies the spouse from military medical benefits.
The benefit of using health insurance software is that you can keep track of all of your medical bills and payments easier. You could also just write it down.
Yes, insurance is a form of a wager. In legal terms it is called an aleatory contract which means that the contract participants agree ahead of time to take certain action in response to a defined event. For example, if you take out a health insurance policy (the contract) You are betting that you WILL fall ill, while the insurance company is betting you WON'T fall ill. As long as you remain healthy they get… Read More
There is no law directing parents to provide health insurance for their children. It is the law that a child of legal driving age have auto insurance if he is going to be driving his own or his parent's car.
The best way to obtain cheap family health care would be to be employed by a company that offers it to their employees. This will help keep costs way down.
You can change it from "assure" (a verb) to "assurance" (an abstract noun). But keep in mind that if you are British, "assurance" is not just an abstract noun-- it is also a common noun for what we in American call "insurance" (such as life insurance, health insurance, etc).
Selecting a health insurance totally depends on individual to individual. However, some of the basic points which now a days people keep in mind are: - Coverage - Cashless facility available or not - Which hospitals are covered - Benefits - Enrollment criteria - Premium amount - Claim facility, etc
Why have many insurers replaced retrospective health insurance plans with group plans such as HMOs and PPOs?
It helps keep the cost down for insurers as well as individuals.
If you are in the process of moving within the state, you will be allowed to keep your auto insurance. While you can keep the same insurance policy within the state you will be required to change your address which can affect your rates depending on the claims reported in your zip code. If you are moving out of state, you will be required to change insurance to a policy that is rated in the… Read More
There is no question of your insurance rate being increased in case you ran into a dumpster. However, if it is of serious nature and need prolonged medication, it is wiser to inform the health insurance service provider and it is upto their discretion to keep rate intact or go for enhancement.
Liposuction is usually considered optional. Things that are required for health reasons like a heart surgery to keep your heart pumping would be.
When the child reaches age 18, he is legally considered to be an adult in Wisconsin. A hospital or doctor could not pursue you to pay the child's medical bills. There are other ways that a parent could be held responsible for an 18-year-old's medical care. For example, if the parent had been court-ordered to provide health insurance as part of a child support order. Under health reform, a parent can keep a child on… Read More
If you retire and have cobra insurance from a previous employer and get a new job with insurance can you still keep your cobra insurance and which insurance is the primary insurance?
COBRA insurance is a guarantee that your health insurance is portable when you leave the job. It is now private insurance where you are paying for it. The cost is probably higher than the employer provided insurance so you would want to look at the 2 carefully and determine which would be most economical. It does not make sense to pay for two policies. If your new job pays for (some of) the insurance dump… Read More
Don't know the statute but it is probably under common sense. If your health insurance paid for medical costs caused by an uninsured motorist for which you have coverage shouldn't they be reimbursed. I suppose you think it's a better idea for you to collect twice for the same charges and keep one of them. Not going to happen. All health insurance plans have a clause that states subrogation rates for other coverage will be… Read More
as far as i know 30 days you should by law get a cobra pack to ask you if you want to keep it yourself
It is unclear what you are asking, but I will do my best. If you are asking whether you can buy a car with your disability payments (from a private insurer, Social Security Disability, or otherwise), yes. Keep in mind, though that that may leave you short for other needs, but it is business decision for you to make. The payer of the disability benefits has no obligation to buy a car for you under… Read More