- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 10/6/21 at 10:27 pm to el Gaucho
quote:
we’re living in the worst pandemic in human history
The Bubonic Plague says hi.
Posted on 10/6/21 at 10:30 pm to Obtuse1
quote:
That isn't how insurance works, just try that with your automobile carrier.
Neither is a premium rising an exact 100 or 200 at 1 particular business. Yet here we are
Posted on 10/6/21 at 10:30 pm to Mahomeless
quote:
Maclueless
Posted on 10/6/21 at 10:48 pm to Schmelly
quote:
Neither is a premium rising an exact 100 or 200 at 1 particular business. Yet here we are
On that side I think they are also analogous to auto insurance, even though it wasn't my point.
Many auto carriers offer safe driver et al discounts and they are usually not the actual actuarial number from the risk department, they are a rounded off number. Say the actuarial number is $77.2395 the discount is actually more likely to be $75 etc.
I am assuming the $100 per person at the OPs company is not technically a penalty. The ACA removed the ability for most of health insurance providers from charging penalties for health and wellness but increased the percentage cap for health and wellness discounts. Creating a distinction without a difference except for the health and wellness discounts are generally required to be opt-in. I expect the OP's company (if self-insured) or their carrier is actually increasing ALL premiums by $100 per month and using the proof of vaccination as the opt-in for the $100 health and wellness discount. Whether the full $100 increase is allowable under law is between the Insurance Commission of his state and the provider's risk department and their actuarial data on their risk pool.
Posted on 10/6/21 at 10:52 pm to Obtuse1
So a reverse discount lol. Maybe so. Still betting on extortion lol
Posted on 10/6/21 at 10:57 pm to el Gaucho
quote:
What only costs 200 bucks a month for you could cost someone else everything. Sad how we’re living in the worst pandemic in human history and y’all would rather spread it then take the cure
Never been more conflicted to upvote/downvote
Posted on 10/6/21 at 10:58 pm to OceanMan
quote:
Never been more conflicted to upvote/downvote
Read the thread backwards. Lol
Posted on 10/6/21 at 11:18 pm to Schmelly
quote:
So a reverse discount lol. Maybe so. Still betting on extortion lol
I think legally that is how it has to be set up post-ACA, again a distinction with no difference. I think there is no doubt that health insurance has paid out more as a result of COVID and can meet state Insurance Commission regulations for an increase in premiums. How much of it can be actuarially supported and how much is meant for social engineering (ie extortion from some POVs) is something that could and should be investigated.
Posted on 10/6/21 at 11:19 pm to Obtuse1
quote:
I think legally that is how it has to be set up post-ACA, again a distinction with no difference. I think there is no doubt that health insurance has paid out more as a result of COVID and can meet state Insurance Commission regulations for an increase in premiums. How much of it can be actuarially supported and how much is meant for social engineering (ie extortion from some POVs) is something that could and should be investigated.
If you’re right, then we should start seeing this across the board soon
Also: “due to covid” and “due to being unvaxxed” aren’t the same
This post was edited on 10/6/21 at 11:21 pm
Posted on 10/6/21 at 11:38 pm to el Gaucho
Well done gaucho. Well done
Posted on 10/6/21 at 11:54 pm to Shaken not Stirred
quote:
Sad how we’re living in the worst pandemic in human history
Might want to try some reading before toeing the party line there comrade
It's been one of those days, hence a moment of missed opportunities...well played sir Gaucho
(Self face palm initiated)
Posted on 10/7/21 at 12:20 am to Schmelly
quote:
If you’re right, then we should start seeing this across the board soon
Increases to premiums almost certainly, whether or not there are health and wellness discounts for vaccinated insureds depends on the company, so it may just be an increase across the board with no H&W discount or it may include H&W discounts or viewed another way non-vaccinated penalties. In case anyone is wondering if any will give an H&W discount for natural immunity that is unlikely since they aren't likely going to give an H&W discount that could potentially incentivize intentional getting the virus ala chickenpox parties.
quote:
Also: “due to covid” and “due to being unvaxxed” aren’t the same
Correct but somewhat irrelevant. The premium increases "have" be based on the actuarial data for increased cost due to COVID for the entire risk pool. The H&W discounts are NOT required to be based on the actuarial savings of being vaccinated. A carrier can give a discount that is actually more (or less) than the reduction in financial risk compared to the rest of the pool for say non-smoking. So, in this case, the data has to support the increase in policy cost for the total COVID risk based on state regulatory agencies but outside of the total percentage cap on H&W discounts (IIRC it is 50% now), the discount does not have to be tied to the reduction in risk.
It is a bit of a shell game but the result is what could easily be characterized as a penalty for not being vaccinated. While there may be legal distinctions on how it is worded the end result is savings for being vaccinated and a penalty for not.
Posted on 10/7/21 at 12:23 am to Obtuse1
quote:
Obtuse1
Can you please make a post in the LNST?
Posted on 10/7/21 at 3:54 am to el Gaucho
quote:
el Gaucho
You still have it. Reeling them all in
Posted on 10/7/21 at 6:07 am to NatalbanyTigerFan
No, was never the emcee at Prop Stop although I do know that guy and no I don't work for Oschner or Pioneer.
I work for a construction company out of B.R.
We had 4 people quit yesterday already because of this.
I work for a construction company out of B.R.
We had 4 people quit yesterday already because of this.
Posted on 10/7/21 at 6:13 am to NatalbanyTigerFan
quote:Hopefully all the young healthy people do this and leave the company plan stuck with only fatties, old people, smokers, and people who already have major health issues.
We’re being given the option to terminate our insurance coverage if we choose not to pay.
Posted on 10/7/21 at 6:28 am to NatalbanyTigerFan
Who gets to keep the surcharge? $100 or more per employee will certainly add up to serious bucks for someone to pocket
Posted on 10/7/21 at 6:36 am to NatalbanyTigerFan
I assume a private business? Well within their rights. You can always just go get another job.
Posted on 10/7/21 at 6:42 am to SirSaintly
quote:
I assume a private business? Well within their rights. You can always just go get another job.
what about when the President illegally mandates any private business with over 100 employees force vaccines on their employees. I bet you forget all about your support for private business rights, don’t you?
This post was edited on 10/7/21 at 6:44 am
Page 9 of 12
Popular
Back to top
Follow TigerDroppings for LSU Football News