What happens to your health insurance if you get sick & can't work?
No, your former employer is flat out not allowed to keep you on their health insurance, once you are no longer an employee. This is an IRS law. If your employer is subject to COBRA, you can keep the coverage, at your own cost, for up to 18 months. Look, the idea that it's fine to go heavily into debt, to buy stuff we can't afford now, and continue to live paycheck to paycheck, with NO nest egg of AT LEAST six months expenses, is flat out stupid. Yes, it's quite possible you will lose your job tomorrow. Or get seriously injured. You NEED to be putting away 20% of your pay, NOW, every paycheck, AND DON"T TOUCH IT, until you've got six months of expenses - including but not limited to mortgage payments, taxes, rent, food, utilities, health insurance, car payments, etc. YOU HAVE TO LOOK OUT FOR YOURSELF. This is called "being responsible". If you're irresponsible while you're working, and DON'T live on less than you make, then yes, you're going to be FORCED to be irresponsible when you're not working, too. Start listening to Dave Ramsey.
Why is car insurance so expensive for me?
Yeah there's a logical explanation. You're 18, you've got testicles, and you've only been driving two years (experience with a learner's permit doesn't count). And you're looking at a car that would be expensive for anyone to insure. Insurance prices are based entirely on risk levels. An 18 year old male with a Mustang isn't a question of if an accident is going to happen, it's a question of when. The statistics are the same year after year, decade after decade: New drivers are at least 5 times more likely to crash than experienced (over 5 years) drivers, and teenage boys are more likely to crash than blind people. Unless you can build a time machine and travel to age 25, there's nothing you can do.
Why do rich people always whine and complain?
That make us too, money brings money & greed, it kills all the love, feelings, emotions that used to be placed in their hurts, instead they placed hate, envy, anger, greed, love to poses. They don't care about you or me, about a little kid without food, about a slight hand of help that would get us back from dead, but they care about a new 2010 BMW. Yes, let me join you & spit in their faces coz they are worthless, money is not what make you rich, in fact its what maes you poor. Good luck.
If the financer of a vehicle requires you to have full coverage insurance but you cannot afford it, what is likely to happen?
The lender’s remedies for not carrying proper insurance will be spelled out in the loan agreement signed when the vehicle was purchased.Check your contract. You will find a clause that reads something like this:The remedies for not carrying proper insurance coverage available to the bank include:1. Forced Placement: The Bank will obtain Comprehensive and Collision insurance…At Your Expense: The bank will pass the cost on to you. If you refuse to pay it will be…Added to Your Loan: With interest.At Higher Cost: At a cost that is likely much more expensive than coverage you could obtain yourself.Protects Only the Bank: You will not be a party to the coverage. The insurance will only protect the interest of the bank.No Liability or Medical Coverage: The bank is only concerned about securing their collateral. They are not a party to liability or medical loss. If they procure coverage, there will be no consideration for liability or medical losses.In the event the insurance is not paid, or the additional loan amount as a result of forced placed insurance is not satisfied, the next step would include:2. Repossession:Seizure of the Collateral: When you signed the loan agreement, you offered the car as collateral (say, guarantee for payment of the loan). Not adhering to the agreement (the contract) will result in the capture of the asset for which it is assigned as collateral.The details of this question describe the purchase of a motorcycle. If the amount borrowed is not too high, you may be able to offer some other form of collateral to secure the loan - or - depending on your credit history, negotiate a loan without collateral.It is always in the auto loan consumer’s best interest to:Procure their own insurance and keep it in forceProactively negotiate with the lender.Letting the bank take action without attempting to work it out yourself will always lead to a less desirable result.
What happens when you can't pay your lawyer?
It really depends on your situation. Most times, lawyers take steps to protect themselves prior to beginning work for a client; we'll talk with you about expected costs, make sure that everyone is on the same page, and take a retainer up front for clients that don't have an established history of payment. That way, if the first bill or two goes out and you don't pay, we're at least covered for some of the work we do.But despite the best intentions of everyone involved, occasionally a client's finances take a turn for the worse, and a few months into a matter, they no longer have the ability to pay legal fees. If this happens to you, the best thing you can do is bring the development to your lawyer's attention immediately. If you are straightforward and honest about your situation, many lawyers will at least attempt to work out a reasonable payment plan or settle a debt. Some may even be willing to convert a case to a contingency fee or blended rate to reduce financial stress on the client.But unfortunately, many clients who run into financial difficulties either (1) make excuses and promise payments that they later fail to deliver or (2) begin hiding from their lawyer. And if a lawyer is doing work for you based on a misguided notion that he or she going to be paid in full, you'd better believe that they will not be in a generous mood when the truth finally comes out. There, a debt for legal fees is going to be treated just like any other debt, with the lawyer either suing/initiating arbitration and seeking a judgment or placing a lien against the debtor's assets. Lawyers don't like suing their clients, and most will try to work something out, but clients who are seen as taking advantage of their lawyers garner no sympathy.
Husband in Navy Bootcamp, still no pay?
it takes on average EIGHT weeks for the Navy to pay out the first time. he will most likely get paid on the 15th. if not.., then he needs to go to PSD and do a pay inquiry.. there is no way in hell he would have gotten paid on the 15th of May. the cut off for the 15th's pay is the the 1st of the month.
Unless you frequent the doctor's office, what's the point of health insurance?
You are not getting it wrong at all. Hospitals charge insurance companies far less money than they charge individuals. Because of that fact, if you have a standard hospitalization once per year (typically 3-5 days) between your deductions, co-pays, and premiums, the insurance money is still making money off of you. It is a scam altogether. Think of the service you recieve in a hospital (with normal staffing, which never happens since hospital units are always being short-staffed) for a 3 day stay: 1 around the clock nurse (split among 3-5 patients) at $30/hour = $432-720 Electricity bill for 1 small room for 3-5 day visit = $5-50 Food bill for 3 meals per day with room service = $90 1 Janitor split between 30 patients at $10/hr = $24 three 5 minute doctor visits (at 200 per visit) = $600 10 minutes of a phlebotomist's time (at $15/hr) = $2.50 1 hour of a high-paid lab tech's time ($25/hr) = $25 Pharmacist + drugs + some lab materials = $1,500 Typical supplies/materials = $250 Total Stay cost (assuming no nursing aides or LPNs which would actually cost less because they spread the higher-paid RN across more patients) = $3262 Total Hospital will charge you = $10,000 Total Hospital will charge insurance = $2500-4000 Insurance premiums for full year (assuming 300/month which is really low) = $3,600 Insurance annual deductable/out of pocket expense = $1,000 (what you pay) You pay the insurance $4,600/year when you get hospitalized once. The insurance company pays the hospital less than $4,000/year when you get hospitalized once. The hospitals want to charge you an extra 300% because you can't argue down your bill like the insurance company can. The health care industry is definetly corrupted the way I see it.