Re: Paying for insurance only when you "need" it?
12-28-2012 09:33 AM
In my case I get all my personal health insurance (medical / dental / vision) through my employer and I can only sign up / cancel at one point in the year for the following year. Unless there is a "Qualifying event" such as marriage or divorce I am not allowed to just randomly drop my coverage. I was aware that the insurance companies keep databases of enrollment / drop / claims history and as mentioned above you can be refused coverage based on the info in the database. I don't know how the new health care regulations affect that in 2013. And I don't know if vision coverage plans maintain the same info. But for those of us under employer plans it's not an issue.
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