| My new insurance company wants a letter to prove previous coverage
dates
because they back charged my new employer with a month of coverage for
which I was already covered by my previous employer. The new Insurance
Co. insists that the proof of insurance letter is required by law and
must come from my previous Insurance Co. |
| How do you find a company that sells level term insurance? Consider
companies that are rated A++ by A.M. Best. Dont purchase a plan from a
company rated below A+. Use the Internet as a source of price
comparison. Enter the words - insurance quotes - at your favorite search
engine to receive instant quotes. You must be completely truthful about
your medical history as you go through the medical exam process for
approval. |
| First of all, there may be a law in your state regarding this, but most
likely the reason is that this is the insurance companys policy.
Insurance companies have to file their rules and rates with the state
department of insurance. When they go back on one of their rules, and
dont have justification to, it looks really bad when the state audits
them. So, when asked, they just say its the law. |
| 5. Another case of cash-paying customers being screwed: Rite Aid
used to program their cash registers to surcharge prescription
drugs $1 if the customer didnt have insurance. This wasnt an
accident; it took work to implement since it involved checking
another database in real time. Ref: Computerworld, Feb 26, 2001. |
| 4. Concerning your right to sue the insurance company if they
dont come thru, in most cases you will collect only the cost of
the service they refused to provide. Consider the statistical
implications of this. Say the company provides to provide 3
treatments you need, because theyre experimental or whatever.
You survive the first two, but lack of the 3rd kills you. If your
heirs sue and win, they will recover only the cost of that 3rd
treatment that should have been performed. This makes it just
good business for the company to pay as little as it can.
Remember that the companys legal duty is to make as much money as
possible for its shareholders. Some are quite successful; one of
the richest men in the US a few decades back got that way by
selling insurance policies to poor people. |
