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Can an employer offer guaranteed issue group insurance plan and exclude certain conditions on an individual?
Wiki User
∙ 8y ago
No
No, these types of plans can not discriminate. The plan can have specific exclusions but they must be applied equally for all employees.
Wiki User
∙ 8y ago
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What should employers liability insurance cover?
Employer's liability insurance exists to protect an employer from an employee's insurance claims from conditions resulting from work. The insurance should cover medical costs and some lost wages.
If you are denied temporary health insurance can you still be eligible for insurance from the same company when you start your new job?
Generally yes. Most employer coverage is guaranteed issue. If you applied for an individual coverage and were denied for underwriting reasons that should have no effect on the employer plan. In fact, it is common for someone with an uninsurable condition to make the availablility of health insurance a prime consideration when looking for a new job for this very reason.
Should an employer provide insurance for employees?
Yes. It is a tax deduction for the employer. Non taxable to the employee. Guaranteed Issue. Makes for happier employees and more productive too.
In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?
"In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?"
What does portability mean in the context of life insurance?
Portability means to carry. In the insurance world it means for a person to able to be insurable when leaving one employer to another. As in HIPAA (Health Insurance Portabliity and Accountability Act.) Check out the HIPAA laws all the information that you need is there. A person is guaranteed access to health insurance for small business. Guaranteed renewal of insurance regardless of health status of any member of a group. Guaranteed access for individuals that lose their group coverage due to loss of employment or change of jobs to a company without insurance. And Pre-Existing conditions cannot be imposed for workers with previous coverage and limited conditions treated or diagnosed within six months prior to enrollment in an insurance plan. I hope that helps.
How do you maintain health insurance coverage for your wife and son after you turn 65 and are eligible for Medicare?
Where you covered under an Employer Group or Individual Plan? If Employer Group - they would be eligible for COBRA - If Individual - then just tell the Insurance Company to take you off.
Do part time jobs offer insurance?
Some part time employers do offer insurance benefits,it is up to the individual employer.
Should you purchase term life insurance in addition to life insurance offered by your employer?
Keep in mind that usually life insurance through your employer does not leave with you when you leave work. So if it is 10 years and you decide to leave, you will at that time have to get your own individual life insurance. Now you are 10 years older and your height and weight could be different and you could have medical conditions. Yes, it is a good idea to get life insurance in addition to your work insurance. This way you will be covered at a younger age.
What is mandated employer insurance?
an insurance mandated for an employer
Is increased Pay in Lieu of Benefits a good idea?
It depends on your individual circumstances. For example, an individual cannot purchase medical insurance for the same price as an employer and insurance paid for by an employer is tax-free while the insurance deduction for an individual is difficult to take. But if you are married and your spouse's employer provides family coverage, you may not need insurance. Or if you have another job, you may already have insurance. The same idea applies to other benefits. Some benefits you may be able to get cheaper on your own, others not. Some benefits you might need, some you would rather get the cash for.
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.
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).
