ohio insurance-unused premiums?

[horrorcorner]

What is the name of your state? ohio

health insurance -weyco, inc. plan 631

my question is if you only ever used the insurance once and it was under $100 but payed into it for 2-3 years shouldnt you be able to get the unused premium back if you are laid off / and basically know you wont get called back? if this is true any help would be apreciated greatly .

 

[cbg]

No, you do not get to have the premiums returned regardless of how often or seldom you used it or how much the premiums were. And you don't want to. If you got the premiums back, the coverage would be cancelled retroactively, which would mean you have a gap in coverage. If you have a gap in coverage, then you are subject to any "pre-existing condition" clauses that might be in your new coverage. In the long run, it is to your benefit that the old coverage remain in place.

 

[horrorcorner]

there was no gap?

he had another job in a week and was already signed up for the new employers health ins. So there is no way to get the money he paid back? Someone told himthere was a law in ohio about it or something?

 

[JETX]

"So there is no way to get the money he paid back?"
*** Correct.
Here is the way 'insurance' works. The insuring company receives money from lots of people in the expectation that the total money received will exceed the costs and claims paid. If the law provided for the return of unused premiums, there wouldn't be funds to pay on the claims.

 

[cbg]

"There was no gap"

You're missing the point. Let's say you were covered from January to June. You didn't use the insurance. You leave your employer on June 30, your new coverage starts on July 1 and for some misguided reason, your old employer gives you the premiums back.

Well, they aren't going to let you be covered for free. No premiums, no insurance. So the coverage is cancelled, since you have the premiums, not them, all the way back to January. You now have had no coverage since January. Presto! Gap in coverage between January 1 and June 30.

But all of that is moot since there is no law requiring them to give you the premium back anyway.