What is PROVIDENT FUND POLICY?
Question:
Answer:
You are likely discussion about a piece of legislation from India.
Here's what I be able to find at this website (http://www.epfochennai.tn.nic.in/epf_act... The Employees' Provident Fund & MP Act,1952 is an considerable piece of Labour Welfare legislation enacted by the Parliament to provide social surety benefits to the workers . At present , the Act and the Schemes framed there underneath provides for three types of benefits -Contributory Provident Fund , Pensionary benefits to the employees/ family member and the insurance cover to the members of the Provident Fund.
Here's another short description from this website (http://www.helplinelaw.com/docs/provi-fu... The Employees' Provident Funds and Miscellaneous Provisions Act, provides for compulsory contributory fund for the adjectives of an employee after his retirement or for his dependents contained by case of his hasty death.
It extends to the intact of India except the State of Jammu and Kashmir and is applicable to:
1.every factory engaged within any industry specified in Schedule 1 contained by which 20 or more persons are employed;
2. every other establishment employ 20 or more persons or class of such establishments which the Central Govt. may notify;
3.any other establishment so notify by the Central Government even if employing smaller quantity than 20 persons.
Ideas for vigour insurance?
Question:
I am 22 yrs and quit my full time job (lost my benefits) and moved spinal column in the near my parents to pursue getting my degree contained by criminal justice. I don't own health insurance at this point and it is becoming a problem because my knowledge teeth seem to own impacted and am going to need to receive them removed soon. I have applied to several insurance agencies such as aetna, blue cross and blue shield, and others and hold been denied by adjectives of them due to a prior knee injury 2 years ago to be precise 100% fixed and cleared by my old doctor. What should I do?
Answer:
Most of the time, the school offer a medical plan you can join up on to. Also, if you go to institution full time, you may be able to win added back to your parent's policy.
Provide proof you are a full time student and see if you can grasp back on your parents insurence.
you can bring back a job at ups. after 6 months you'll acquire health insurance but not sure if you want to dance through the work
since you are a student w/ no income try adult chief or chip it is income based and they do not deny because of pre ex. condition it is run by the management so call around to see handels this contained by your area here you can procure a application thru a clinic or welfare office
I am not sure what state you live surrounded by, but here in California I would suggest you look into the California Major Risk program, additionally if you quit your full time employment and lost your benefits you were probably offered Cobra benefits- if you still own that offer from Cobra, I recommend you elect Cobra. If Aetna, Blue Cross and Blue Shield have turned you down, I would not expect any legitimate form insurance company to offer you coverage (at smallest Individual coverage). I might also suggest you go return with a part time employment at a place like Starbucks that bestow health benefits to segment timers.
Remember California Major risk will accept everyone within California who have be turned down for healthcare, when you call they will communicate you currently they have a 3month waiting time of year, but it has be my experience that it really is about 60days, so apply without delay.
I would check with the establishment concerning the insurance denying coverage. A knee injury a moment ago doesn't seem approaching a serious, chronic condition like asthma, diabetes, large blood pressure, etc. to be considered a high risk to deny coverage base on a pre-existing condition.
What "Robbet" and "President" said.
Your state must have a High Risk Pool, otherwise you could not be turned down. You can bring back health coverage at hand. However, impacted wisdom teeth are covered lower than dental insurance, not health insurance. Health insurance just comes into play with teeth if you hold an injury to sound teeth. For example, you are playing baseball, and go and get hit in the mouth by a bat. That would be covered underneath medical or accident insurance. Also, you won't enjoy coverage since you already have the problem unless you seize on a good group dental plan. They sometimes don't own waiting periods for different enrollees for major dental services. Good luck.
http://mybenefitsplus.com/40436527... telephone call me with any question
What is HRA policy?
Question:
Answer:
An HRA or Health Reimbursement Arrangement is an unfunded promise to pay on the cut of an employer. Let's say, for example that your employer change insurance coverage this year from a $1000 deductible to a $2000 Deductible. He can structure an HRA to say that if any member of staff reaches their $1000 deductible, after he agrees to pay the remaining deductible amount of approved charges.
The premium for this unsullied plan will be less expensive that the previous one, and the employer is bank on the fact that not adjectives employees will collect their new deductible. He will transport the savings and use it to rate any claims submitted.
The HRA can be structured any way the employer wishes. I have some employer who have big up-front deductibles and one and only charge the employees a small co-pay for services. He pays the set off to the deductible, and then the insurance company pays the rest. It is a route of partially self-insuring lacking the fiduciary responsibilities of a self-insured plan. This concept can also be used in smaller groups that would not customarily consider self-insuring.
Please let me know if you own any other questions.
Additional comment: Many relatives confuse this type of entity with a Flexible Spending Account or a Health Savings Account. There are no hand funds in Health Reimbursement Arrangement. Under Section 105 of the IRS Code, any funds from your employer underneath this plan are not considered taxable income.
Health Reimbursment Account, I would guess.
It is not a policy, it is an account set up to payment your deductible on your health insurance if you own a HIGH deductible. I believe your contributions are tax deductible.
insurance premeium negotiation?
Question:
Can insurance premium negotatiated (car or homeowner's policy) with companies approaching State Farm, All State, Liberty Mutual and etc? What strategies have you used?
Do these companies hold on to increasing premium even in the abscence of you cause car accident or Acts of God during the ploicy period? I am finding mine do. Is this majority to be paying hiher premium year after year even if you have no fluke?
Answer:
Companies will not negotiate rates with you.
However, I own heard of companies who game competitor's rate offers for business they already enjoy. Since state insurance regulators have to approve respectively company's rates, I'm not sure how insurers get away beside that but they do.
In terms of why your rates hold going up.it is totally dependent on the claims experience of your company. If your company faces superior and higher claims costs.you will settle more in highly developed premiums, even if you've had no accident.
You can negotiate with them. You can find out that you enjoy a good drving diary and your premium is still going up. This is due to your insurance company using your credit score to determine your insurance rates. Yes, they can do that.
respectively state regulates the premiums which are filed for by the carrier, so you cannot negotiate. you can only shop around. your premiums can rise base on claims of a group to which you belong, such as male lower than 30; your garaging address, your vehicle, etc. this is in postscript to your personal driving record, apposite or bad.
you can't negotiate price but you can for discounts
adjectives the insurance companies premiums are affected
by their claims/loss accounts for your area, even if you
enjoy a good diary the area within which you live could
make your rates better, also population levels affect
rates and we are adjectives paying for the losses due to the
hurricane, flooding and 9/11
Not for car and house insurance, but they CAN for significant commercial policies, if they're "good" aka desirable risks.
Large meaning, premiums over $25,000 a year. Desirable connotation, easy to write - no claims, no high-ranking risk. High risk are usually public vehicles, dump trucks, snow plows, apartment/rental properties, hotels/motels, restaurants. Or anything beside a loss ratio over the past five years, of over 25%.
For auto and homeowners policies, most of the time the rates are file with your state. EVERYONE surrounded by a particular group get the rates that are filed for that group. Group channel, males 30-45, vehicle symbol 10-12, city of Boston, etc. When the group as a whole puts contained by more losses than expected, or when a company's costs of operating go up, the entire group get a rate increase.
Example: After September 11th, reinsurance companies raised their rates, sometimes as much as 75%. The insurance companies who use reinsurance companies ratify those costs along to the insureds directly.
So yes, generally even though you don't hold an at-fault accident, or even any claim at adjectives, you will see rates go up. This is because usually repair costs don't budge down, for accidents - body shops don't lower their rates. Hospitals don't lower their rates, for medical bills. Insurance companies can't preserve employees by adjectives their pay, etc. I bet even you bring home more $$ in a minute, than you did 5 years ago! Everything goes up. Sorry!
Rates are file with respectively state, and cannot be negotiated. However, an underwriter have the authority on accounts to debit or credit the risk from base file rates based on the specifics. For example, a unusual building that is fire resistant and have sprinklers may get the best discount that can be applied, but a building to be precise 30 years old and wishes new electric wiring and has roof problems (if accepted) will most predictable be debited the full amount. In OK, liability have a 25% debit/credit amount, and property can have a 40% debit or credit amount applied past its sell-by date of the filed plinth rates.
Insurance premiums are non- negotiable and the premiums are base on a lot of factor including, age, sex, driving history,occupation and even credit.Losses in your nouns also dictate rate changes because insurance is rate for many not newly for one it is called the canon of large numbers.So if your neighbor one block away falls into a different kingdom than you he may a much higher or lower insurance rate than you do.some insurers rate customers contained by tiers so the only point you may be able to try is to check next to the company if they have a special tier or company they can place you beside which usually has lower rates. Ie Allstate have Allstate Indemnity and Allstate, the Indemnity Company has superior premiums and with Allstate unless you move off them for a six month period they will never move you from Indemnity if you start here or have be demoted there.If you enjoy been next to your insurer a long time sometimes it does not pay to set out even if you have have some increases most other companies are not able to compete near tenured customers rates unless that customer has have accidents.As far as it individual normal to retribution a higher premium I don't believe so, you may want to agree to your agent or simply shop around you may find better rates with direct insurers approaching GEICO, Progressive or AIG.
What is PA policy?
Question:
Answer:
Personal auto policy.
Personal Auto Policy
Can I ask The Govn. to double my Perm. Disabilty check cuz of misery?
Question:
Answer:
No you can't.
You can ask.but he/she is not going to change the imperative for one persons request.
Sure, you can ASK. It ain't gonna begin, though!!
Sure you can. Call on a Monday. I'm sure they could use a good screech on a Monday
Group condition insurance and disability: Does group vigour coverage verbs if I become disabled?
Question:
In a typical policy, is there a requirement that coverage continues for an member of staff who becomes disabled? If not, how does one insure against this event? Although I hold both group health coverage and group (and individual) disability coverage, I am concerned that the disability policies one and only replace income, and that the health insurance would call off if I left employment by purpose of disability, leaving me beside no health insurance coverage. This might really be a problem if my disability be one that required significant medical treatment. Any thoughts?
Answer:
Usually not - you can keep it for up to 18 months after you've be terminated, through Cobra, but then you hold to find something else to replace it with.
You in reality have asked several question here.
Lets begin by looking at disability coverage. First you necessitate to determine what type of disability coverage you have. Many employer have done away next to short term disability because of the cost. You should own been provided a copy of the policy from the HR department of your company.
The "long possession disability" is becoming more of a standard now. Typically it starts after 90 calendar days of man out of work. Again, check with your HR department. It is unbelievably important to hold on to documentation handy. You will need it once your claim is file. You will most likely be given forms for your physician to complete in relation to the reason and duration expected for your nothingness. COPY all of these documents formerly you send them. Stay higher than the dealines they give you. Keep your doctors appointments and most of adjectives follow medical advice.
In regard to whether or not your health coverage continues near are several options here. Every employer should hold written policies and procedures. You should have access to a copy. More regularly then not, your employer continues to take-home pay their portion of your medical premium while you are still in a compensated status. This generally includes a time in which you own leave to cover your missed time. Once you run out of evacuate and enter a non paid staus you are mostly liable to cover the entire premium. Please contact your HR department. Their job is to assist you beside this matters.
If your "disability" will verbs for over a year you will need to directory a claim with Social Security for disability benefits. Most employer base disability coverage will not go historic one year. Also, please note that your employer must proposition COBRA benefits to you for up to one year after you leave employment next to them. The problem is you will be responsible for the entire premium.
No usually your health coverage will not verbs. You will have the opition of purchasing like peas in a pod insurance policy (COBRA) but you will be responsible for the premium in full and it will single cover you for a maximum of 18 months. Most of our patients who are disabled qualify for Medicare coverage. You may want to check into that. You can contact your local Social Security office for info.
It depends on your company how long they would verbs your medical coverage once you leave. Mine covered me for 90 days next I had a choice of going beside another insurance company or Cobra. I did Cobra for awhile but it's very expensive.
It also depends on your disability plan at work. Have you a plan? If so, I would dance out on STD (short-term disability) then progress into LTD. Some companies wage you while you're out on STD and LTD or give you a percentage of what you as a rule make.
That may produce the transition into SSDI easier. I have little income in a minute (after applying for SSDI 2 yrs ago) so I was eligible for medicaid which pays adjectives doctors and prescriptions w/no co-pay.
Good luck on your SSDI. And one more bit of advocate. Once you apply for SSDI, and you are turned down on first application, you can work and make up to $900 mth. If you turn over that amt. your application will be withdrawn. That also may help you.
Here http://wiz.sc/Ifp4G2 is an article i found on robustness insurance with information and tips etc. Hope it help.
lend a hand me please how do I find a number for metropolitan Ins. co to wallet a release claim?
Question:
Answer:
http://www.metlife.com
Click "Contact us" (upper right, way up large on the page above search function).
https://www.metwebforms.com/redesign/cus...
Apart from giving a "contact-us" form, this page have a number: 1-8OO-METLIFE
Call 1-8OO-METLIFE.
Metropolitan Life and Affiliated Cos
(a member of Metropolitan Life and Affiliated Cos)
A.M.Best #: 70192
Stock Ticker: New York Stock Exchange NYSE MET
Address: 200 Park Avenue
New York, NY 10166
Phone: 212-578-2000
Web: www.metlife.com
i know one-sidedly, that, like surrounded by hollywood and real existence - things like those filing put-on death claims or even improperly becoming the third party [1st party] to a claim happen all the time [i own outlived my death settlement already]. the best process to protect yourself is to have knowledgable relatives in different walks of life span have copies of such things. identity robbery happens every light of day. and as any good criminal know - it always catch up to them. u either pay cheque now or after that. as for the 'dead catch' they will always be insurable because if it is related to a crime the will not single be rewarded [passed on the family] but the settlement is massive.
How can i bring an insurance company to write bad sports car?
Question:
Answer:
If it's not totalled, they aren't going to total it for you. You have to own damage that's more than the actual dosh value of the vehicle.
For a 68 Dodge Dart, that's a broken windshield. For a $50,000 Audi, in good health, it's a way, channel, way lot of defacement.
If you don't want it insured any more, have them delete it from your policy.
if can't afford it anymore??get rid of it
I'm going to assume you mean after a vehicle being wreckedit have to cost more to fix than its worth...some cars make that complicated to achieve, but I will assume you aren't conversation Ferrari or Lambougini??
Write it off?? I'm not sure what you scrounging.
If it has be in an catastrophe, the insurance company will total it if the cost to repair it is more than the car is worth. They will after pay you the expediency of the car. However, if the sports car is worth $10,000 and the cost to repair it is $5,000, you probably would like them to total it but they won't as the cost to repair it is smaller amount. There really isn't any way around it. No court is going to force them to total it if it is repairable.
Accounting treatment of insurance claims ie log entry?
Question:
i want to know how can we pass record entry for insurance claims. Should we pass any entry at the time of proceeding for this claims or after acceptance claim amount from the insurance company. pls let me know
Answer:
It would be best to use the allowable amount for the claims so you will enjoy a true AR.
What does "pass an entry" plan?
I've always thought that "record entry" was a short time ago a sloppy practice in accounting. There should be a category for insurance deductible, and uninsured losses, not to mention, reimbursements from insurance carrier.
Aetna or MCare?
Question:
Which insurance is better Aetna PPO or MCare HMO?
Answer:
aetna PPO. You can go to any doctor you desire. You can go to specialist in need a referral.
HMO sucks, you have to use the doctors contained by their network, otherwise no coverage.
In America are citizens currently own a choice when they turn age 65, or when they become permanentely disabled (under 65). You are offered Medicare, once you qualify and receive parts A & B you can choose between HMO (if offered in your nouns, and Medicare Supplemental plans.
The truth is that most "expensive Zip codes" in the USA do not contribute medicare HMO plans, for example in Santa Cruz Ca, and Carmel Ca. HMO is not an resort for people over 65 next to Medicare. So basically those folks can one and only purchase a Supplemental plan, if you plan on traveling around, or if you own properties in different areas next a Supplemental plan would work best. I am finding that most Seniors that I sell to that purchase Medicare Supplemental plans various times have several homes throughout America and live surrounded by different areas- and using a HMO is not convenient. Or the second problem is that the nouns where they live does not tender a HMO.
Of course if you are a limited budget a HMO is a great route, because they are little or no cost!.. Most people don't take to mean that the reason they are free is that when you elect a HMO, the Medicare premium is salaried directly to the company you choose$$. Basically if I pick Secure Horizons, They will receive a check every month from Medicare for my medical care, it is a great money inventor for HMO's!
I hope this helps, Medicare seem complicated but it really is easy! If you are within California feel free to bid me directly.
Rudy Rivas, Health Insurance Expert Since 1991, President www.HSAInside.com
1 800 459 0515
No one can give you an accurate answer to this; it really depends on the SPD. But for the diary, I always prefer PPOs to HMOs.
What are the minimum investments within buying products of insurance companies?
Question:
Answer:
Minimum investments?
The product insurance companies sell is INSURANCE. You can also INVEST surrounded by an insurance company by buying STOCK.
There is no minimum when buying stock. You can buy one share of an insurance companies stock if you want.
As far as buying an insurance "product" that would be a policy and it depends on what you want to insure. You can insure your life. You can insure your coup¨¦. You can insure your house. The list of things you can insure is pretty voluminous so the premium or cost of the policy would depend on what it is you're insuring.
Insurance company products are NOT investments. So the question is invalid.
If you want to buy insurance company STOCK, the minimum purchase will depend on the broker you use.
Insurance companies provide both insurance (life, disability, health, etc) and investment products such as fixed and erratic annuities. Pure insurance products have prices base on age and risk, so the minimum will vary by individuals particulars and coverage desired. Could be a s low as $100/year for some plans.
Annuities enjoy higher minimums, habitually between $2,000 and $10,000. These numbers may be as low as $500 for IRA's.
what is Takaful?
Question:
Answer:
There is an Insurance Company in like peas in a pod name within most of the Middle East countries. Are you asking about that?
in attendance is a word called "tagaa'ful" contained by persian (urdu)
that means asking for very well being.
Takaful is an Arabic word implication “guaranteeing each other” or communal guarantee.
Has anybody here hear of Association Member Benefits Advisors?
Question:
I'm thinking about becoming an insurance agent for this company. For those out in that who are experienced agents, could you please give me some direction on what companies I should start my life insurance sale career next to. I'm a brand new agent.
Answer:
No.
Employer taking out condition insurance premiums, but no coverage on the other hand -- decriminalized?
Question:
My friend's employer swapped them to a new strength insurance plan and has already started charging them the premiums even though there's no coverage on the other hand. Some kind of "paperwork problems." He's in the region of to get charged for the second nonexistent month of coverage. So that's $600 surrounded by the hole in return for... nought.
Is there any process this could possibly be legal?
Of course he's already planning to sermon to the local Labor department if he doesn't get a compensation, but I thought I'd toss it out here too.
Answer:
Group health insurance premiums are "pre-paid". Premiums that are taken out of your check within Feb. will pay March premiums, etc. There is usually solely a two week (or one payroll cycle) advance giving though. I have see it go as far as one entire month surrounded by advance, but this is somewhat scarce. Anything beyond that and there is probably an issue next to the enrollment paperwork. If the effective date of the benefits are changed, later he would be entitled to a refund of the premiums already compensated for months there be no coverage. The employer usually will have an Insurance Agent that help with the benefits. Find out who to be precise and they may be able to back.
I hope it works out
My guess is the coverage will be retroactive and therefore the issue will resolve itself.
Ask the Benefits Administrator surrounded by your company for complete disclosure/resolution of the matter. They are required to provide information inside 30 days. You can even write to the local Employee Benefits Security Admin office (run by DOL). Go through ERISA rights on Dept of Labor website.
If they produce the coverage retroactive, then it's permitted. If they don't, that's a problem.