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Message
re: I wonder if Insurance Companies
Posted on 3/26/20 at 4:07 pm to jdd48
Posted on 3/26/20 at 4:07 pm to jdd48
quote:
That's because in times of emergency, the LA Dept of Insurance issues declarations that do not allow cancellations for any reason.
Makes sense. As opposed to altruism from insurance companies. Which does not make any sense.
1
Posted on 3/26/20 at 4:14 pm to Demshoes
Insurance companies have 2 goals
1. Extract as much money from you as possible
2. Pay out as little money as possible
1. Extract as much money from you as possible
2. Pay out as little money as possible
Posted on 3/26/20 at 4:37 pm to iron banks
They're insurance companies.
An industry governed by former insurance company execs.
An industry that can cancel your coverage even if you've never filed a claim.
And they do it with impunity.
You know the answer.
An industry governed by former insurance company execs.
An industry that can cancel your coverage even if you've never filed a claim.
And they do it with impunity.
You know the answer.
Posted on 3/26/20 at 5:40 pm to armsdealer
So their job is to maximize profit. Sounds like every business that wants to stay in business.
Posted on 3/26/20 at 5:57 pm to iron banks
If you considering canceling a policy please talk to them directly. I am POSITIVE that many are working with customers right now.
Posted on 3/26/20 at 5:58 pm to iron banks
When that happens I truly know Hell has frozen over
Posted on 3/26/20 at 6:02 pm to The Spleen
quote:
and many (Humana for sure) have seen increases.
Humana is killing it in this part of SC with Medicare Advantage Plans. If you're under 65 and on disability, an MAPD is all you can get to supplement Original Medicare. Even with those over 65, they and UHC probably have about 40% of the Medicare plans in the area.
Posted on 3/26/20 at 6:24 pm to jdd48
quote:
That's because in times of emergency, the LA Dept of Insurance issues declarations that do not allow cancellations for any reason.
They haven’t done that.
GEICO and Progressive are the only companies that I’m aware of that have postponed payments until 4/30 if clients need them.
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