by When your insurance policy has been terminated for non-payment, you have several options available to you. Most likely, you will be confused by the sheer number of companies that are in business today offering policies. Many people are often led by their insurance agents to choose the company with whom they have the longest contract. Unfortunately, this does not necessarily lead to a better policy coverage or an improved benefits package. Instead, the long-term benefits of the company will often be more expensive than those of the other company. In addition, the long-term contracts that many companies have also tend to make premiums artificially high.
There are several reasons why a company might choose insurance that has been terminated for non-payment. One reason is that the policyholder, who may be an employee, feels as if they have been discriminated against. Other reasons include: a policyholder decides that they want to resign and does not wish to pay the premiums. Finally, if a policyholder is physically disabled, they may feel as if they need to use the coverage until they can resume work of some type.
When you are offered an insurance policy that has been terminated for non-payment, it is important that you shop around for another company. While it is true that you have probably had your policy with the former company for many years, you may not have known about the termination. Today, it is easy for people to lie about their health status and their job history. Because of this, it is important that you check the insurance records of the person who was terminated from your plan.
If your contract was originally signed when you were employed, you should be able to choose insurance that was terminated for non-payment easily. The reason for this is that most employee benefits packages have provisions in them that will allow you to cancel plans. Additionally, your employment agreement likely contained some type of discharge clause that allowed you to return to work. Check your documentation to see if your contract contained something similar. In any event, once you cancel your assurance résilies pour non paiement, you are officially prohibited from ever using that particular company again. You may also lose your rights to receive any future benefits from that particular company.
There may also be some additional benefits contained in your contract. In some cases, the company may offer to re-train you, which will allow you to maintain your job even while out on leave of absence. The benefits may also cover travel expenses to and from your job. Finally, if you have paid your entire insurance premium for a period of time, your policy should reflect that fact. Check over your insurance records to verify that your coverage has continued throughout the time that you were out of work.
There may be some limitations to your insurance policy. You may be out of a job and unable to work with your insurance carrier to choose a new plan. You may have been injured in the workplace and not have the money necessary to continue with your coverage. Your contract may specify that you can opt out of a certain benefit, which may make it difficult to terminate for non-payment. If you experience a lapse in payment, contact your insurance carrier right away to see if there is anything they can do for you.
If your insurance contract has provisions allowing termination, you should be careful to read over your contract carefully before signing it. If any part of it seems to have problems, it is best to discuss these issues with your employer before you sign the contract. Ask questions about why your contract was written the way it is and what can be done to correct it. Be sure that you are completely comfortable with your insurance contract before you sign it.
If your employer finds that you have not paid your insurance policy, they will most likely give you a warning or possible fines. Depending on how serious your non-payment is, you could face criminal prosecution. Before your contract expires, you need to be sure that you pay off your balance in full to avoid charges. To avoid charges, make sure that you make regular payments to your insurer. This shows your insurance company that you are serious about paying off the debt.
