As long as you're still on the payroll of the company, your group term life insurance policy should still be active.
Denise Mancini
Disclaimer: I work for AccuQuote and this is my personal opinion.
Health insurance and disability insurance (short or long-term) do not affect eachother. While health insurance pays for medical expenses reimbursement, disability insurance pays to replace your income lost due to healthconditions.
Your employer's obligation to pay premiums normally stops when your paycheck does, that is, when your medical and personal leave is exhausted, and there is nothing left to deduct the premiums with. When that happens, the insurance company, not your employer, cancels your health insurance for lack of premiums. There are many ways to avoid this tragedy, including donation of leave by co-workers, if permitted, to keep the paychecks coming, or employer paying premiums for you until you are able to return to work. Good luck. JJ
If the life insurance was provided by your employer and your employment is terminated, you will lose the life insurance protection. You should look into individual life insurance, which you can take with you if your employment terminates.
If you were being paid in cash, it's possible your employer was not paying workman's comp insurance, disability, or unemployment, etc. on you. If your employer was not holding out any taxes on you, and if you didn't report those earnings, you need to check on that before applying for benefits. Otherwise, you can be charged with tax evasion, depending on how long you were being paid in cash, and if you paid taxes on it or not.
Employers are required to carry Wormen's Compensation Insurance on their employees. If your employer did not insure you, or does not have the insurance, they are in violation of your state's labor laws. You will have to bring suit against them to recover your expenses.
Legally, no, an employer should not lay off anyone after disability. However, it does happen. It particularly happens if the employee can no longer do his or her job correctly because of his or her disability.
It happens due to over lending and longterm lending to the borrower.It is a long term process.
Luckily, most employer sponsored group Life insurance policies allow for participants to convert their Life insurance under specific circumstances (i.e. if their job is terminated, they leave the company, or leave the company on Disability claim). In order to take advantage of this opportunity, the insured/participant or his/her family members should contact the employer or insurance company providing the coverage and request paperwork needed to convert the coverage. Most likely you will only be given once option which is to convert the coverage to Whole Life insurance.Due to the fact that all participants (both very healthy or very unhealthy) are able to do this without going through medical underwriting, insurance companies charge very high premiums for this conversion privilege. This is done to protect them from the risk associated. Clearly a healthy person will not take advantage of this because they can obtain coverage for less elsewhere. Someone who has no other option will however, and this normally will end in a death claim.
Congenital happens before birth, acquired after.
It so happens that you have no insurance
Employers are generally required to carry Workers Compensation Insurance. If an employee is injured in the course of employment, Workers compensation pays medical costs and the like and the worker is prevented from suing the employer because of the injury.
If the misstatement is significant, then the insurer can revoke your insurance. Generally, they have two years to discover the misstatement and revoke your insurance. They might discover the information when you submit a claim; this is when they would take the time to verify your application data. At that point, they could refuse to pay your claim. This would not be a good time to find out that you have no disability insurance -- when you need it. Your best bet is to call the agent and correct the error. Better to know now whether it will affect your coverage.