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 18, 2012 9:50 am   Post subject: MDUXmfKbEL  

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