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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.
What else can I help you with?
Can you change the address on your renters insurance policy?
Yes, you can change the address on your renters insurance policy by contacting your insurance provider and providing them with the updated address information.
What happens to my Health Savings Account (HSA) if I change insurance providers?
If you change insurance providers, your Health Savings Account (HSA) remains yours and you can continue to use it for eligible medical expenses. However, you may need to update your HSA information with your new insurance provider to ensure smooth transactions.
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 I change my dental insurance plan?
Yes, you can change your dental insurance plan, but it may depend on your specific circumstances and the policies of your insurance provider. Contact your insurance company to inquire about changing your plan and to understand any associated costs or restrictions.
Is it too late to change my health insurance plan?
It may not be too late to change your health insurance plan, but it depends on the specific rules of your plan and the time of year. Contact your insurance provider to find out if you can make changes.
Can I change the address on my renters insurance policy?
Yes, you can typically change the address on your renters insurance policy by contacting your insurance provider and providing them with the updated information. They may require some documentation or verification of the new address.
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/
How can I change my insurance plan?
To change your insurance plan, contact your insurance provider and inquire about available options. Review the different plans they offer and choose one that best fits your needs. Fill out any necessary forms and provide any required information to make the change.
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.
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).
