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When did your old plan end? When does your new plan start? Do you have the SAME plan with the Insurance Company. That is, one might be HMO the other PPO, etc. If you were given a prescription with a years worth of refills while you were covered by Aetna through your previous employer, and your new employer also uses Aetna but your benefits won't kick in until September, will they still cover the cost of your prescriptions? I don't see why not. Group plans are guaranteed issue and you get credit for prior coverage, so there's no pre-x clause. For more details see Regardless - just send in the claim. What do you mean by lapse? Even if you go to the identical plan with your new employer you have a new plan. Very often the new employer plan will give you credit for any deductible you have already met for the year but you will have to provide them proof. You can give them any Explanation of Benefits (EOB) forms you have for the year. Talk to your new employer HR department to see if there are any exclusions or conditions. If you had a period between the two jobs without coverage for 63 days you will be subject to any pre-existing conditions clauses from the new plan.

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โˆ™ 2006-09-01 19:10:15
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Q: Will there be any lapse in coverage if your old employer and new employer use the same insurance company?
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Related Questions

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.

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.

Can a medical insurance company drop you because of one non payment?

It would depend on the insurance company. Most insurance companies will reinstate your coverage once you are caught up on your premium payments. You would then just have a lapse in coverage for the month you missed.

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.

Why do insurance company ask for Declaration Page from your past insurance company?

The new insurance company is asking for proof of prior insurance coverage. Some insurance companys have what they call a "proof of prior" discount. This means that you may qualify for a discount if you can prove you had previous insurance with no lapse in coverage. Be sure to ask your insurance agent for a further explanation.

Does Primerica Life Insurance Company have no lapse Universal life insurance policies?

Primerica sells term life insurance 100% of the time. They strongly stand by their product as term insurance provides the maximum coverage for the lowest cost.

Can employer allow health insurance to lapse without advising employee?

AnswerCan they? Yes. Should they? No.

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.

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 taking zoloft for post-partum depression legally allowed to be considered a pre-existing condition by an insurance company when there has been no lapse in coverage?

I doubt it.

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.

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.

What is California vehicle registration financial responsibility program?

The registration financial responsibility program requires that vehicles have proof of insurance(the financial responsibility) at all time. If you have a lapse in this coverage the insurance company can report you to the DMV in which case they suspend your registration.

What kind of insurances are offered by Brown and Brown Insurance?

Brown & Brown Insurance, located in Daytona Beach, Florida, offers general insurance, commercial and professional insurance and reinsurance for those who have had a lapse in their coverage.

Can you cancel term life insurance by not paying the premiums?

Yes, this is one option. You could write a letter to the insurance company requesting cancellation of your policy. Or, you could stop paying the premiums and the policy coverage would lapse and be canceled for non-payment of premiums.

Is COBRA health coverage a law?

COBRA is a law that requires an employer to allow a (former) employee to continue his/her group health insurance after the cessation of employment. The election to enroll in COBRA coverage must be made within a fixed period of time. Upon the cessation of your employment, the employer is required to furnish you with instructions as to how to enroll and information as to the time frame for doing so. During your employment and participation in the group health insurance plan, the employer paid a part of the premium, and you probably had to pay a portion as well. Under COBRA coverage, you are responsible for paying the entire premium, which will likely be substantially more than your contribution toward the premium during your period of employment. If you do not enroll in COBRA during the requisite period of time, health insurance coverage will lapse. If that occurs, you will need to seek individual (private) coverage which will be medically underwritten. Whether or not you can obtain it, and the premium for it, will be determined by the insurance company's underwriting guidelines and then-current rates.

In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?

Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.

What are the disadvantages to having a Participating life insurance?

Participating whole life will have significantly higher premiums required than both term life insurance and universal life insurance (permanent coverage) that features a no-lapse guarantee.

How can you get insurance when it has lapsed and you didn't know it?

It really depends on how long your policy has lapsed, but there are insurance companies that will provide you with insurance coverage even with a lapse. Give us a call and we can get you a replacement policy. 847-444-2571, ask for LIZ.

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.

If you are on your mother's insurance policy and you are unaware she has let it lapse although you have paid her for it will the company still pay for your damage?

No insurance = no insurance. Doesn't matter much why. About your only option is to sue your Mom.

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.

How does an insurance company benefit from insurance?

When an insured purchases an insurance policy they pay the insurance company money for the insurance coverage. This money the insurance company collects is called insurance "premiums". The insurance company, using the law of large numbers, collects more money in premiums than it pays out in claims. The insurance also makes alot of its money by taking the money earned from premiums and then investing it. As we all know that Life insurance policy cash values are accessed through withdrawals and policy loans. However, withdrawals are taxable to the extent they exceed basis in the policy. Loans outstanding at policy lapse or surrender before the insured's death will cause immediate taxation to the extent of gain in the policy and hence benefits the company.

Can you get car insurance for one month?

The general answer is no, Usually, a policy is written for a minimum term of 6 months. This is because the insurer and the State do not want someone to buy insurance for a very short period of time in order to circumvent legal requirements to have insurance to get a driver's license or register a vehicle. If the insured does not pay the next premium due and the policy lapses, the lapse will be reported to the State and a violation of the Financial Responsibility Law occurs. This can result in a license and registration suspension. Additionally, if the car is financed, the finance company will have required physical damage coverage on it. The lapse in coverage will also breach the finance contract. Usually, this will result in the finance company obtaining "forced placed" coverage, sometimes called "single interest" coverage. This covers the finance company's interest in the collateral, so that there is money availablle to repair the car in the event of a collision. The cost of this insurance is ultimately charged to the customer's account, and is usually more costly than customary collision coverage,