no-fault was meant to make those who fail to PAY for insurance reap the negative consequences of their actions; no insurance = no payment for first $10,000 in damages to auto. I am willing to bet you are big on Internet insurance thinking its saving you ton of cheddar?? That's the only explanation to me why your so unable to comprehend simple deductibles and policy information. Your lucky the insurance company gave you 50% for your personal items stolen from your car. They normally pay 10% for property away from premises on home owner policies. Since my deductible is $2,000 I would have recieved nothing. You also appear to accept secondhand information as gospel when it comes to insurance, Why?? Would you also take the word of a novice who low rents mike lardys training program? How bout a teacher who gives an unflattering evaluation of your child's school work?? Would you not ask more questions before stepping off on that proverbial limb and sawing it off??? I chose to Fire Clients like you rather than try to enlighten since it is much easier than playing defense in a no win game of wits. If its any consolation, my dad doesn't get it either.
Last edited by Raymond Little; 10-29-2013 at 08:26 PM.
"There is no "Try", only "Do" Yoda
How do you fire a client? Just tell them you are not willing to sell them a policy any longer?
A piece in National Review cites the portion of O-care that sort of contradicted itself ... first it says that existing plans will be grand-fathered ... but then it takes exception to that and leaves the final decision up to "regulatory guidance". Wonder how many other things in the law are left to "regulatory guidance"? Seems that the legislation then becomes subject not only to Presidential fiat, but also to bureaucratic fiat.
Jim Capretta points me to this post from Doug Badger, which suggests that this isn’t actually how the law was written in the first place. The infamous grandfather section reads as follows: “Nothing in this Act (or an amendment made by this Act) shall be construed to require that an individual terminate coverage under a group health plan or health insurance coverage in which such individual was enrolled on the date of enactment of this Act.” In other words, if you like your health-care plan, you can keep it. But then the Obama administration went about making it impossible, by issuing the regulations described above in June of 2010, in which it explained:The statute does not, however, address at what point changes to a group health plan or health insurance coverage in which an individual was enrolled on March 23, 2010 are significant enough to cause the plan or health insurance coverage to cease to be a grandfathered health plan, leaving that question to be addressed by regulatory guidance.
"Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim
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Gerry, any deductible or out of pocket change causes any plan to become non-grandfathered thus subject to the UCA. It doesn't matter when the plan was purchased, BUCA or AUCA. Our (La) min deductible bronze plan is $6,500 for single and $7,500 for family with double deductible for any out of network care. The real sticker shock will occur if you have to schedule a non emergency surgery, most and probably all hospitals are now requiring you to pay your deductible prior to admittance.
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