0
If you have coverage through your "old" employer then you quit to work with a different employer your coverage with your "old" employer will be terminated unless you pay COBRA payments (which is usually about 50% higher than what you pay now) If your new employer offers health insurance and there is no waiting period then you would not need COBRA. Most cases there is a waiting period for new employees, this is set up by the employer. As long as you do not go more than 63 days without coverage you will be fine if you do not need medical attention. There is a way you can kind of play the "game". You get like 45 days to pay your COBRA payment - so let's say you have a waiting period with your new employer and it's 90 days then you could hold off on paying your COBRA payment for about 35 days and then if something happens or you feel you will need coverage you pay the COBRA. You would need to pay the first payment anyway so that you wouldn't go over the 63 day rule. But then the 2nd month again, you will have 45 days to pay the COBRA premium maybe you don't need insurance and you are closer to that 90 day wait time being up. Just be careful - don't be late on your COBRA payment because they are not very forgiving for that. Sometimes you can get an indivial plan but make sure that will count as credible coverage. I wouldn't waste your time or money with a temporary policy because if you could get an individual plan - you can cancel it at any time usually you have them for a complete month.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Can you reinstate and file a claim during a lapse in coverage?
No. If you had a lapse and a claim occurred during that lapse, then you have no coverage for the loss.
If theres a lapse in hazard homeowners insurance am istill covered?
No. You are not covered in a lapse period. A period of lapse in coverage means " No Coverage ".
How do you drop medical coverage on spouse switching to employers insurance?
Either go to the HR department where you work or contact your insurance company directly. The company will need this in writing. Make sure there is no lapse in coverage.
If you change jobs will the new insurance company cover a dependent's cancer treatments assuming the new employer provides sufficient coverage?
Yes, as long as there is no lapse in coverage.
How long can you let car insurance lapse before it effects no claims?
There is no grace period for claims after a lapse in coverage. The moment your auto insurance "lapses" is the moment you have "No Coverage" from that moment forward you have no coverage for a claim until you get coverage again.
Is a genetic condition considered a preexisting condition?
Yes, if it was known prior to coverage. If you have had continuous insurance since the genetic condition was known and there was no lapse in coverage (or the lapse was short enough), care for that condition will be covered by your new insurer, per HIPAA.
Can you get homeowners insurance in GA with a claim 2 months ago and a lapse about 1.5 months ago...Where would you go for such a thing?
You can contact any insurance company of your choice. Some companies will accept you and Some will not due to your lapse in coverage, and now prior claims history. The best option would have been to continue your previous coverage. Many homeowners make this same mistake in letting their policy lapse while a claim is pending. With a lapse in your coverage as well as a claim you will likely be paying more for your policy than you did in the past.
Is there a lapse in coverage on an insurance policy if the policy was cancelled and then reinstated?
Technically, the policy lapsed. If a covered loss occurred before reinstatement, the insurer would arguably be justified in denying coverage. However, if the reinstatement was retroactive to the lapse date (which would probably occur if the reinstatement occurred quickly), and if you have been with the insured for some time, coverage may be extended to the intervening loss.
Do employers in Omaha, NE provide health coverage plans for their employees?
Most large employers do but most small employers with only a few employees do not.
Lapse in car insurance?
A lapse in your auto insurance is a time period for which you had or have no coverage. Either your policy expired and was not renewed on schedule meaning you missed your renewal payment or you missed a monthly payment and the policy was cancelled.
Hipaa protects now business employers wanting to purchase health coverage for their employees true or false?
Hipaa protects business employers wanting to purchase health coverage for their employees - True
If homeowner has died can you get insurance if their's has lapsed?
Yes, of course. A lapse in coverage is a common occurrence due to so many reasons, usually it's just the the home owner forgot to pay the renewal bill, but yes there should be no problem replacing the coverage. You just have to buy a new Home insurance policy. With a lapse in coverage you will likely loose your prior coverage discount (usually not more than 3 to 5 % of the total premium) and may have to sacrifice some of the coverage previously enjoyed n the policy depending on the age and other risk factors of the home.
