Affordable Insurance Plans, insurance coverage, health insurance quotes » insurance company

Can my health insurance company bill me for claims they already paid?

admin — Sat, 17 Apr 2010 21:27:04 +0000

My insurance company is telling me they may be terminating my coverage retroactively past 12/31/09. I’ve had claims from months ago that the system says they already processed and paid by my insurance company. Does this mean the insurance company will come after me for that money or would they only try to get me to pay for unpaid claims?

They will pay claims occurred up to the date of the termination. They will require that the providers refund any payments made for claims after that date. The providers will then bill you, not the insurance company.

How would auto insurance company know if I am unemployed?

admin — Sat, 06 Mar 2010 12:57:04 +0000

I noticed someone posted that their auto insurance rates went up since they are unemployed. I have been unemployed since February and my rates stayed the same. I don’t tell the insurance company that I lost my job. How will the insurance company know if I am working or not?

They don’t know if you are employed or not.

It’s not based on employment – it’s based on credit score. Likely, that other person also stopped paying bills.

If you are looking for the best auto insurance in your area, check out this site

http://Cheap-Auto-Insurances.info/

Hope this help,

How to get your health insurance company to pay for a prescription that isn’t covered.?

admin — Tue, 16 Feb 2010 18:28:18 +0000

My old insurance company would pay for my rx. Then the company I worked for changed insurance companies and they don’t cover what I used to take. How can I get them to cover this? Or can I?
I have already tried calling the new insurace company and was told that don’t cover this med. How can I jump through hoops to get this covered?

SlyKitty, unfortunately, if your new insurance company does not cover it, there is no way you can let them cover your old prescription. That is always a problem with switching insurance companies. Actually, I’ve been almost in the same situation, and what I did I went online and purchased generic version of medication I was getting through UK http://www.pharmacynextdoor.com online drugstore. It was simple and the prices were reasonable.

Can an Insurance Company charge damages for water damage when the condo board paid a deductible on their claim?

admin — Sun, 14 Feb 2010 14:47:00 +0000

I am the tenant of a condo and had accidental water damage to the unit, and floors below. My landlord claims they do not have insurance to cover the damage, but the condo board does and has paid out a $5000 deductible for the insurance for all the units to the insurance company, which I have reimbursed. Now I have been contacted by the insurance company about being charged for the remainder of the damages.

My question is, am I not sheltered by the condo boards insurance deductible?

Your situation illustrates a prime example of why tenants should purchase renter’s insurance. The condo board insurer covered the loss to the condo, but that doesn’t mean the insurer is not going to attempt to recover its payout from the person responsible for the damage. That person is YOU. No, you are not sheltered or covered. You’ve already paid the deductible portion to the condo. Now the insurer involved wants to recover ITS payout. If the condo insurer had a zero deductible, it would be coming after you for the entire amount of the damages. This insurer is following standard practice for such situations. Learn the value of renter’s insurance.

Who much money does it cost to start an insurance company?

admin — Sat, 06 Feb 2010 19:16:07 +0000

I want to start an insurance company in Florida and was wondering how much it would cost to start one. Do not hesitate, give me your best estimate. Also, do insurance companies keep funds gathered through insurance policies in a fund or do they invest it? Comments? Thanks!

It’s billions of dollars.

They have to have "reserves" set aside to pay claims, which CAN be invested, before they can sell a single policy.

Most insurance companies don’t make money off of selling the actual policy – they pay out darned close to every dollar they take in – or even more. They make their money off the income from their reserve investments.

How would an insurance company stay in business if there was no limit to its coverage?

admin — Thu, 04 Feb 2010 07:44:43 +0000

An insurance policy with not limits to its coverage would bankrupt a company and no one would have insurance.

Last night, Obama said there would be no limits on health care coverage.

I completely agree. Can you imagine if an insurance company was forced to take on all customers with preexisting conditions . They would fold literally over night. Insurance is for unforeseen events, not to cover events after the fact. How can liberal expect insurance company’s to stay in business when they are forced to cover hundreds of thousands of dollars in medical cost and only charge the client who’s bills their paying a small premium each month ? God bless.

What company will offer short term disability insurance on and individual basis?

admin — Thu, 28 Jan 2010 02:09:55 +0000

I am in a weekend-only program at my job. My employer does offer STDI, but not to employees in this program. I can’t even take a payroll deduction and pay for it myself. I am having a tough time finding an insurance company that will offer STD to me as an individual.
Have you used a reputable company that you could recommend?
Aflac replied that they only do payroll deduction at this time….

Check with AFLAC. They offer short term disability which you can purchase individually. You can check this website to read about the different products and to find a local agent that represents them http://www.aflac.com/individuals/default.aspx.

I hope this helps. Good Luck!

What is a good auto insurance company in florida for dui drivers?

admin — Sat, 23 Jan 2010 14:31:32 +0000

Am trying to find a auto insurance company that covers first offense dui drivers. With low cost auto insurance. Does anyone know of any?

If you want to find a good auto insurance company in florida, Try this site to find the best auto insurance

http://saveautoinsurances.blogspot.com/

Here you can get quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.

How does an insurance company decide on the payout for the deceased beneficiaries?

admin — Fri, 15 Jan 2010 21:41:12 +0000

If the deceased person had supplemental life insurance through their job that was 5 times their annual salary. How does the insurance company decide how much the beneficiaries should receive if they even receive anything.

The insurance company doesn’t "decide". They go with however much insurance was purchased. They pay out exactly who was named as beneficiary, exactly the percentage or dollar amount that the deceased told them to pay out.

It’s all decided by the insured, on a group life policy.

Why should an insurance company fear the pregnancy in India?Is it too dangerous ?

admin — Fri, 25 Dec 2009 15:22:42 +0000

In Ahmedabad,Realiance life insurance company has rejected a woman’s application for life insurance on the reason she is pregnant more than five months.
She is working in a hospital and doing her medical check up regularly and till now no other medical problem.
All other insurance companies are also keeping this policy?
Now a days pregnacy death is very rare.
Why should an insurance company keep 19 centuary belief?

It is because insurance companies find mortality rate of pregnant women in India is too high (even higher than Srilanka). Why should they take risk unnecessarily?