 How many college credits do I need to keep my car insurance with my parents? |
I have Hartford insurance! HELP!! Or at least point me in the right direction!!
Thanks!... |
|
 Life Insurance payouts? |
| Hi everyone, can someone explain to me how life insurance goes? If someone has 125,000 in life insurance and passes away, does the beneficiary get 125,000???... |
|
 Is it right that an insurance company raises its premiums to ALL employees??? |
Is it right that an insurance company raises its premiums to ALL employees to pay for an increase in treating cancer for several employees?
Why don't the employees with cancer pay a ... |
|
 Why do some life insurance companies require a medical exam, and others do not, for the same coverage? |
Okay, my wife and I are looking at life insurance policies. We have decided on getting $100K for me and $25K for her. (We are both in our thirties, and work full-time.)
The two life ... |
|
 Is $340 a month for family health insurance a good deal? |
My personal deductable is $250 and for my family it's $500.
It's through my employer.... |
|
 I heard of Homeowners insurance being called...? |
| fire insurance and hazard insurance. are they the same?? or how are they different?... |
|
| My health insurace company is givng me trouble!!!??? |
| I have blue cross blue shield from Ford Motor Company where I work..I went out of the country and had to be hospitalized I ad to pay about 5,600 dollars and theyre suppose to pay me that money back..... |
|
 How much do you pay for car insurance? |
| How much do you pay monthly for car insurance? I need to buy a car soon. How much should I budget monthly for car insurance?... |
|
 Who should own your life insurance? |
| Many people say that you should not own your policy & that it should be in a trust so that it is not part of your estate. But, when you die, it is not in your estate, it goes to the bene right?<... |
|
 Medical Insurance? |
| I'm planning to buy health insurance for my family( no serious health issues) , any suggestions which company can give me best deal?... |
|
|  |
D C | Do I need to pay for COBRA-- 5 Days between Jobs? |
I am leaving one job on a Friday and begin another job on the following Thursday. I was told my Health Insurance ends on my last day of work and then my new employer begins on my first day. I am trying to understand my options with COBRA. I read that I could take 14 days to elect to participate and then submit payment. I was thinking that would provide me a way to not pay the premium for 5 days unless something comes up and I truly need insurance. Is this possible? My current employer said that I would need to pay the premium up front. Is that correct? ANY HELP...would be great! |
 |
 
Lori S
|
Here's how the timeline goes:
Your old employer has 30 days to notify your old insurance that you have terminated. The insurance has 14 days to notify you of COBRA. You have 60 days to elect. The COBRA coverage will be retrospective back to your termination date as long as you pay the premium. So as long as your new insurance has no waiting period, your new insurance will be in effect before your employer even notifies the old insurance.
http://www.dol.gov/ebsa/faqs/faq_consumer_cobra.html |
|
wag314
 |
That sounds like a great career change. I don't know too many employers that offer full health benefits the moment you are hired. most take 30 to 90 days to kick in with benefits. This is where the COBRA comes in. If you get 14 days to elect coverage and you start a new job with full benefits 5 days after the old job- you are golden and don't need to pay anything up front typically. I am not sure about your current employer telling you that you have to pay up front. Whatever is in writing is what goes- no matter what the employer says. I would call my benefits person with the insurance company to get the real scoop.
Here is an excerpt from the governments website on cobra.
<<<<The initial premium payment must be made within 45 days after the date of the COBRA election by the qualified beneficiary. Payment generally must cover the period of coverage from the date of COBRA election retroactive to the date of the loss of coverage due to the qualifying event. Premiums for successive periods of coverage are due on the date stated in the plan with a minimum 30-day grace period for payments. Payment is considered to be made on the date it is sent to the plan.
If premiums are not paid by the first day of the period of coverage, the plan has the option to cancel coverage until payment is received and then reinstate coverage retroactively to the beginning of the period of coverage.>>>>
Good luck with the new job! |
|
NYC_Since_the_90s
 |
You can retroactively buy COBRA insurance (forget the time period but much longer than 5 days). So do nothing unless something bad happens to you, and then you can buy it (effective your last day at the old company). The government sponsors COBRA so that there are not any issues with switching jobs and your old employer should have informed you of this. |
|
mamatohaley+1
|
The 2 answers above me are correct. You will only have to pay that premium if you end up using your health coverage |
|
Tim
 |
Cobra payments are up front.
Just double check with your new employer to make sure there is no waiting period. If coverage starts on your first day, you can roll the dice and hope nothing happens for the 5 days between jobs. |
|
TCC
|
I had stage 1 cancer a year ago. My insurance at my old company covered me through today, Jan 31. My new insurance kicks in April 10. Do I have to pay for Cobra if nothing happens between now and when my new insurance kicks in, or since I had cancer, do I need to keep the insurance current so that I don't have any pre-existing issues with the new insurance? |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
5 | 38 minutes(s) ago
| | | |
5 | 58 minutes(s) ago
| | | |
4 | 2 hour(s) ago
| | | |
5 | 4 hour(s) ago
| | | |
5 | 8 hour(s) ago
| | | |
5 | 1 day(s) ago
| | | |
5 | 2 day(s) ago
| | | |
5 | 3 day(s) ago
| | | |
5 | 5 day(s) ago
| | | |
5 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
