Canceling health insurance policy - Can I do it anytime?

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PostPosted: Sat Apr 21, 2012 2:37 pm   Post subject: Health insurance  

The company I work for is canceling our health insurance because come renewal the group policy is going to go up 40%. The owner of the company asked each of us to get our own individual policy's and he would pay a portion of the policy. I live in Virginia is this legal?


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Deanna
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PostPosted: Sat Apr 21, 2012 4:55 pm   Post subject:   

Nothing currently compels an employer to provide health insurance to his employee . . . at least not yet. Nothing prevents an employer from paying part of your premium, but it will be counted as income to you, because the employer is not paying for a group benefit. If he does, he can only deduct it as part of the cost of doing business, not as insurance premiums. It will increase the amount he has to pay for each employee's payroll tax.



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PostPosted: Thu May 17, 2012 3:56 pm   Post subject: HEALTH INSURANCE  

i'M A STAY AT HOME DAD WITH THE KIDS AND SELF-EMPLOYED. MY WIFE canceled MY INSURANE WITH ANY KID OF NOTICE. iS THIS LEGAL?


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BILLY1234
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PostPosted: Fri May 25, 2012 8:25 am   Post subject: Group health insurance plan  

Group insurance plans offer cheaper rates. Not only that, they also cover the preexisting medical conditions of the employees. In case of an individual policy, you might need to search extensively for the insurer offering coverage for pre-existing conditions.



However, one cannot customize the insurance policy according to his or her requirements when under a group plan. The deductible amount and coverage limits are fixed, which is definitely a limitation for the group insurance plans. Look at both sides of the coin, before you end up using it.

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PostPosted: Fri May 25, 2012 11:33 am   Post subject: health insurance  

BILLY



If your wife had been the policyholder, she can cancel the policy anytime she wants. Whether she informs you or not, is totally up to her.

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PostPosted: Thu Aug 30, 2012 4:51 pm   Post subject: Cancel Insurance policy  

if you cancel your insurance at the beginning of the next payment. Do you still have insurance for any time until you find new?


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PostPosted: Fri Aug 31, 2012 2:35 am   Post subject:   

Quote:
if you cancel your insurance at the beginning of the next payment.


If you die today, can you plan your funeral tomorrow?


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PostPosted: Thu Sep 06, 2012 3:19 am   Post subject: cancelled by your company you worked for  

My sister in law had a massive stroke and the company she worked for terminated her and dropped her insurance.

She will never be able to return to work and now has no health insurance and is still under dr. care and therapy that is very costly. She is in a home and can not do anything for herself. Is this legal for them to cancel her from her policy?


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unhappy person
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PostPosted: Thu Sep 06, 2012 3:12 pm   Post subject:   

Quote:
Is this legal for them to cancel her from her policy?


If she is no longer an employee, she has lost the privilege of group health insurance. She had the right to continue the group plan (at the full cost of the group plan) under the continuation privilege provided by COBRA. COBRA continuation must be elected within 60 days of a qualifying event (such as termination of employment).



Your sister-in-law is most likely eligible for assistance under the Medicaid program in her state. A large portion (possibly all) of her health care expenses may be paid for by Medicaid. She should apply for Medicaid assistance immediately. Depending on her assets and income, she may or may not be immediately eligible for coverage.



If she is confined to a long-term care facility of any kind, they can assist with the Medicaid application process (they may have already started it for her). Just ask them about it. Depending on her age, she may also be eligible for Social Security Disability benefits. After two years of SSDI benefits, she would become eligible for Medicare. If under age 65, she (or someone on her behalf) needs to apply for SSDI immediately, too.


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PostPosted: Tue Jan 29, 2013 2:45 am   Post subject: Obamacare in bed with insurance companies  

2014 We are all screwed


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Obamacare
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PostPosted: Tue Jan 29, 2013 3:56 am   Post subject:   

What was your first clue?



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PostPosted: Tue Jul 16, 2013 8:53 am   Post subject: About Health policy cancellation.  

Card No.[deleted].Myname is K.NaveenReddy. policy activated my card without any intimation.Policy Loan No.[deleted]-.Whichisconverted for24 Months.I want to Cancelled thePolicy.Please do the Needfull.



Regards,

K.Naveen Reddy.


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K.Naveen Reddy
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PostPosted: Tue Jul 16, 2013 1:35 pm   Post subject:   

We are not your insurance company. You cannot cancel your insurance here. Call your insurance company directly.



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PostPosted: Sun Aug 11, 2013 6:10 pm   Post subject: cancelling employer health insurance  

I began receiving (and paying for) Medicare Part B in July. My Home Depot health insurer (Aetna) will not allow me to cancel until open enrollment in November, so I am paying for BOTH! Can they refuse to allow me to cancel until then?


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mustangcyndi
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PostPosted: Sun Aug 11, 2013 10:21 pm   Post subject:   

Eligibility for Medicare is normally a terminating event for group insurance and is a qualifying event under COBRA for your dependents, and you should be able to terminate the group insurance for that reason. If for some reason the employer-sponsored plan forces you to remain covered until the next enrollment period (I don't know why they would, it leaves them as your primary insurer), then you should reject Medicare Part B until November when you have the option to leave the employer-sponsored plan.



You can reenroll in Medicare Part B without a premium penalty because you have creditable coverage. But you have to time your enrollment properly to avoid a coverage gap.



Do you have a copy of the "Summary Plan Description" (SPD) for your benefit plan? The explanation of coverage will be there. If you don't have a copy, your employer is required to provide you one on request. Be sure to make a written, dated demand for your copy of the SPD. There is a potential penalty of up to $110 per day for every day of delay in providing the document after 30 days. Be sure to send the request to the "Plan Administrator".



You can also contact the US Dept of Labor, Employee Benefits Security Administration. They have regional offices in many, but not all, states. Find the one closest to you and call them.



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