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Am I required to have health insurance coverage? NSU full-time Health Professions Division students (except on-line), full-time Undergraduate PAL (Day)students, International Students, and Residential Housing students are required to provide proof of current health insurance coverage.. All other NSU students may elect to have health insurance coverage on a voluntary basis and are not required to provide proof of coverage. How do I show proof of my current health insurance coverage? The ONLY way to provide proof of current health insurance coverage is to complete the ON-LINE Proof of Health Insurance Waiver form. What information do I need to provide current proof of health insurance coverage? The waiver requires personal information (name, NSU ID, etc.) and your current insurance information (company name, policy name, policy number, address and phone number of the company). All of this information can typically be found on your insurance card. In addition, you are asked to testify to the following criteria about your current insurance policy: Maximum plan coverage of at least $200,000 per incident. Insurance that is accepted in the State of Florida and at the NSU Health Clinic. Students required by NSU to have current health insurance coverage are automatically enrolled in the NSU endorsed student health insurance plan upon their registration for each new academic year. Additionally, you will receive a health insurance card and other information from the current insurance carrier about the coverage. Persons may also pay the insurance provider directly with a check by printing the enrollment form and mailing it ... Pregnant women below certain income categories and disabled adults also benefit from federal and state public insurance programs, but other adults generally must rely on private insurance for health care coverage.http://www.nga.org/cda/files/19990604HEALTHINS.pdf. Those without insurance are less likely than those with insurance to receive regular health care in a doctor’s office and preventive medical services. Moreover, the uninsured are more likely than the insured to use hospital emergency departments for their usual source of care, and adults without health insurance may be up to 50 percent more likely to be hospitalized for manageable illnesses such as diabetes and hypertension.3 Although these factors produce financial burdens for uninsured individuals, they also strain state and There are several reasons for the decline in private health insurance coverage, including increased health insurance costs and changes in employment patterns.4 Between 1988 and 1996, premiums for employer-sponsored family health insurance coverage increased by 111 percent. Small firms are less likely to offer health insurance to their employees, and part-time and seasonal workers are less likely to be insured. In addition, the agriculture, construction, and service industries are less likely to provide access to health insurance for their employees.5 Page 2, Trends in Health Insurance Coverage States can estimate the extent of their uninsurance problem, consider tested options to increase coverage, and use the State Children’s Health Insurance Program (SCHIP) to extend health insurance coverage to vulnerable populations. Recent studies of firm size and insurance coverage reveal ... This federal law provides a federal backstop for defined acts of terrorism and imposes certain obligations on insurers.http://www.insurance.state.pa.us/assets/download/terror_risk_ins_act_2002.pdf. The Secretary of Treasury may extend the Act to other classes or types of captive insurers and other self-insured arrangements by municipalities and other entities as well as to group life insurance. All insurers, as defined in the Act, are required by the Act to participate in the Terrorism Insurance Program (the Program) and make available coverage for insured losses in all of their covered commercial lines policies. The Act further requires insurers to make available property and casualty insurance coverage for insured losses that do not differ materially from the terms, amounts, and other coverage limitations applicable to losses arising from events other than acts of terrorism. The Act voids any terrorism exclusions in a contract for property and casualty insurance that is in force on the date of enactment of this Act to the extent that it excludes losses that would otherwise be insured losses. The Act also voids any state approval of any terrorism exclusion from a contract for property or casualty insurance that is in force on the date of enactment of this Act to the extent that it excludes losses that would otherwise be insured losses. The Act allows insurers to “reinstate a preexisting provision in a contract for commercial property and casualty insurance that is in force on the date of enactment of this Act and that excludes coverage for acts of terrorism only” if one of two conditions are met. Thus, a system is created where insurers can immediately implement prospective ... Growing areas of the insurance industry are medical services and health insurance and the industry’s expansion into the broader financial services field.http://www.umsl.edu/services/govdocs/ooh20042005/www.bls.gov/OCO/cg/pdf/cgs028.pdf. The insurance industry consists mainly of insurance carriers (or insurers) and insurance agencies and brokerages. In gen-eral, insurance carriers are large companies that provide insur-ance and assume the risks covered by the policy. In addition to supporting these two pri-mary components, the insurance industry includes establish-ments that provide other insurance-related services, such as claims adjustment or third-party administration of insurance and pen-sion funds. Insurance carriers assume the risk associated with annuities and insurance policies and assign premiums to be paid for the policies. Direct carriers are responsible for the initial underwrit-ing of insurance policies and annuities, while reinsurance carri-ers assume all or part of the risk associated with the existing insurance policies originally underwritten by other insurance carriers. Life insurance provides financial protection to beneficiaries—165 usually spouses and dependent children—upon the death of the insured. Disability insurance supplies a preset income to an insured person who is unable to work due to injury or illness, and health insurance pays the expenses resulting from acci-dents and illness. The insurance industry also includes a number of indepen-dent organizations that provide a wide array of insurance-related services to carriers and their clients. In the offices of life and health insurance carriers, claims ex-aminers are the counterparts of the claims adjuster who works in a ... Comments or questions about this publication should be addressed to: Richard Einhorn Office of the Insurance Commissioner P.http://www.metrokc.gov/parks/CPG/docs/insurance.pdf.O. This insurance handbook will help nonprofit organizations navigating through a labyrinth of insurance issues. The Office of the Insurance Commissioner recognizes these invaluable contributions. The Office of the Insurance Commissioner offers this publication to help nonprofits better understand the insurance risks they confront. Here are some of the myths that nonprofits often accept about insurance, even though the facts may be quite different. Myth No. 3: The only insurance policy nonprofits need to purchase is a general liability policy. Myth No. 5: If a charitable or nonprofit organization must purchase insurance, the organization should just try to purchase the lowest priced policy possible. If you don't have a risk management program, ask your organization's insurance company, agent or broker to provide one. Insurance professionals can assist you in avoiding or modifying those activities which expose you or your organization to potential lawsuits, while insuring against those risks that the organization must bear in order to achieve its mission, goals and objectives. A risk management program does not eliminate the need for insurance. Ideally, your organization only needs to purchase insurance protection against those risks that cannot be avoided through prudent risk management. Ideally, insurance professionals represent companies that specialize in insuring nonprofit organizations. Your insurance professional should be able to assist you with many of your insurance needs. In addition, the ... The practice of state regulation of the business of insurance was vali-dated in 1869 in the United States Supreme Court case of Paul v.http://www.lsc.state.oh.us/membersonly/124insurance.pdf. Virginia.2 In Paul, the Court upheld a Virginia statute requiring out-of-state insurers and their agents to obtain a license before conducting business within the state. The Court held that insurance was not commerce within the meaning of the Commerce Clause, and, therefore, states held exclusive regulatory authority over the business of insurance. For 75 years following the Paul decision “state authority over insur-ance regulation was unquestioned.”3 The states “created a vast and per-vasive network of laws, regulations, taxes, and cooperative accounting practice.”4 Many states, including Ohio, enacted legislation based on model acts of the National Associa-tion of Insurance Commissioners (NAIC), an organization composed of the chief insurance regulatory officials of the 50 states, the District of Columbia, and the U.S. territories.5 The states’ adoption of these model acts helped to establish a measure of uniformity in the states’ regulation of insurance. “As a result of [Paul], the constitutionality of all state statutes regulating the insurance business was called into question and a state of confusion reigned. . . . Congress, unlike the states, had passed no laws specifically regulating the business of insurance.”7 Congress responded to the South-Eastern Underwriters Association case by enacting the McCarran-Ferguson Act in 1945, declaring in the Act that “the continued regulation and taxation by the several States of the business of insurance is in the public interest.”8 The Act ... You might quit smoking and exercise to reduce your health risks—and minimize your life and medical insurance premiums.http://www.smartaboutmoney.org/nefe/documents/pdf/Insurance.pdf. This allows you to raise your insur-ance deductible and lower your pre-miums. This is sometimes called “self insurance.” Most of the financial risks that you can’t avoid, control, or minimize can be transferred to a third party by an be transferred to a third party by purchasing insurance.. But making decisions about insur-ance forces us to grapple with several complex, expensive, and sometimes uncomfortable issues: • What types of insurance do you really need? Buying insurance is actually part rt Buying insurance is actually pa of a broader concept with the fancy name of “risk management.” Risks include sickness, injury, disability, loss of life, loss of or damage to property, and per-tional institutions, then you probably need life insurance. Life insurance comes in two basic forms. Employer-provided life insurance typically is term coverage. Cash-value life insurance, , life insurance which includes whole life, universal, and variable, provides not only a death benefit but a savings compo-nent, as well. The type of life insurance you purchase will depend on your needs. Like disability, liability insur-r- ike disability, liability insu ance is an overlooked form of insur-ance. You will need to gather your insurance policy information from your files, employer’s benefits specialist, or your insurance professional. Insured’s Name Insured’s Name The national issue with the greatest potential affect on the Insurance Department is the increasing industry interest in and increasing Congressional focus on the creation of a Federal insurance regulator.http://www.state.ar.us/dfa/budget/pdfs/0425_insurance.pdf. The advent of a Federal insurance regulator would result in reduced state influence over the essential service this industry provides to the citizens of our state, and it would almost certainly result in substantial loss of state government revenue from this multi-billion dollar Arkansas industry. The Insurance Department is actively cooperating with the insurance departments of all other states in working to educate industry and the citizenry and the Federal Government as to the disadvantages this would bring to all involved. This is primarily achieved through the National Association of Insurance Commissioners (NAIC) where Arkansas has been a leader in insurance regulatory reform and in the improvement of regulatory services through technology. As a law enforcement agency charged with enforcing the criminal fraud provisions of the Arkansas Insurance Code, the Insurance Department is actively involved in supporting certain Homeland Defense initiatives of the Federal Government. The Insurance Department is constantly working with other individual state insurance departments to provide better regulatory service to consumers and industry doing business in Arkansas. The Insurance Department made every effort during the formulation of its 5-year Plan to formalize those measures that have historically been the informal measures used to assess performance. The Insurance Department is firmly behind the move ... Variable life insurance provides death benefits and cash values that vary in accordance with the performance of a selected investment portfolio.http://www.consumerfed.org/pdfs/VULReport0203.pdf. In 2000, variable life insurance captured about 57% of the market for individually sold, new cash value policies when measured by new premiums. The writer is a life insurance actuary who for more than 15 years has operated a service evaluating cash value life insurance policies. Cash value policies may also be defined as non-term life insurance policies that build policy values, which may be borrowed against or received upon surrender of a policy. If the net policy value (policy value less any surrender charge) is sufficient to cover monthly insurance costs, premium flexibility can include paying no premium. If the face amount is increased, evidence of insurability is required and commissions and other charges apply, as with a new policy. UL gained a market share approaching 50% in the 1980’s, but that share dropped to about 30% in the 1990’s in part due to far lower interest rates being credited to UL policies and in part due to fast growing variable life insurance. As a security, the sale of a variable life policy must be found by the insurer to be suitable for the buyer. The tax advantage of cash value life insurance is that investment earnings credited to the policy each year produce no taxable income to the policyowner. Its function is to allow the insurer to recoup sales and other costs during the surrender charge period that the explicit charges such as premium loads do not cover. If level Option A develops Policy Values large enough to approach the Specified Amount, the ... From time to time over the last few years the issue of liability insurance has been raised on the Forum.http://www.elderhostel.org/Ein/liability.pdf. Most ILRs are covered under the liability insurance of their host institution, and the usual advice is to go and talk with the staff person who is responsible for administering the college’s insurance. If necessary, they can check with their insurance carrier for a final answer. If, however, your ILR is incorporated as its own independent entity, you need to assess for yourself whether or not it is worthwhile to carry this expensive insurance. If this is the case, then EIN usually advises ILRs to seek the advice of an attorney or non-biased insurance expert. But we soon learned we had a lot to learn about insurance! You can imagine the shock when one of our board members announced, "We live in a litigious society and I do not wish to serve on this Board any longer unless insurance is provided to protect my personal assets against legal action." To support its position, the committee was bringing a lawyer, who would state unequivocally that he would not serve on our Board without D&O insurance, and the head of an insurance agency, who would offer us the best insurance deal around. I couldn't go to a lawyer for advice because I already knew the answer I would get, and I couldn't go to an insurance agent because I knew the answer I would get there, too. Of the 160 or so ILRs in the Institute Network, apparently only the ones that are incorporated have any kind of liability insurance, and the only ILRs that are incorporated are the ones no longer associated with a university or college. Presumably, the reason the ... We strongly urge that your child have a physical prior to attending the Phoenix Suns Basketball Camp.http://www.nba.com/media/suns/Insurance_and_Liability.pdf. The above named camper was examined by a physician within one (1) year of the starting date of camp and was found to be in good health and able to participate in camp activities without restriction. The above named camper has the following health problems (e.g., Drug allergies, diabetes, or any other problems that need to be known to the staff): ________________________________________________________________ Said camper must be covered by medical insurance to participate in ANY camp activities. If camper does not have private medical insurance or INSURANCE INFORMATION the camper must purchase the Camp Insurance Policy at a price of $30.00. Please be advised that should the camper require medical attention, any costs not covered by insurance (private or the camp’s) are your responsibility. YOU ARE RESPONSIBLE to pay for the remaining portion of the bill. Also, Phoenix Suns Basketball Camp must have private insurance information even if you purchase the camp policy. Our camp insurance policy is a secondary policy that will pay any balance, to the stated limits, AFTER BILLING TO YOUR PRIVATE INSURANCE. If you do not have insurance or your insurance rejects payment, we must have proof of this to process the claim. Therefore, for any camp insurance claim to be processed we must receive: 1) Proof of rejection of the claim from your private insurance carrier or evidence of partial payment by your insurance, and 2) Copies of all related bills. The camp’s company can determine, via computer, whether a camper has private ... The WFU Department of Athletics maintains “athletic-related” insurance on all intercollegiate athletic teams.http://www.wfu.edu/athletic/medicine/pdf/insurance-info-03-04.pdf. This type of insurance is considered a secondary or excess insurance policy. This insurance policy was established to cover injuries sustained while participating in intercollegiate athletics. Like most other NCAA institutions, the Athletic Department asks the parents of student-athletes to use their personal insurance as primary coverage for medical expenses. Enclosed is the WFU Health Insurance and Information form. Please submit a photocopy (front and back) of your most recent insurance card. Even if you do not have insurance, you must complete, sign and return the form. The Department of Athletics is not responsible in the event a student-athlete or parent does not indicate changes or lapse within their insurance coverage. WFU provides accident insurance coverage for injuries as a direct result of student-athlete participation. 1. All athletic injury claims will be initially filed with the student-athletes primary insurance. 2. The primary insurance will issue an explanation of benefits (EOB) stating payment or denial of charges. 4. Charges that are not paid by the primary insurance will then be considered by our athletic insurance, which is considered secondary coverage. 5. Once WFU’s insurance carrier receives all pertinent information, payment will then be processed. The WFU insurance policy does take into consideration the restrictions of HMO’s and will review each claim individually. What happens if my son/daughter does not have primary insurance and sustains an athletic injury? EFFECTIVE DATE Medical, Dental, Life, and Long-Term Disability Insurance coverage will be effective the first day of the month following your start date.http://www.dmacc.edu/hr/benefitsummary.pdf. If your start date is on the first day of the month, insurance coverage will become effective the first day of the following month. EMPLOYER-PROVIDED INSURANCE Single medical insurance is provided for you by the Board. Family medical insurance is partially paid by the Board. NOTE: If you work less than full-time, the Board’s monthly contribution toward the family medical insurance is prorated based on the percentage of full-time that you work, with full-time being 100%. Single dental insurance is provided by the Board. The carrier for the College’s group dental insurance is United Health Care. A packet detailing the dental insurance benefits is enclosed. Long-Term Disability insurance is provided by the College and is carried through Standard Insurance Company. This insurance may be purchased on a guarantee issue basis which means that it does not require proof of good health if elected within 30 days from the effective date of your group insurance coverage. This life insurance may be purchased on a guarantee issue basis which means that it does not require proof of good health if elected within 30 days from the effective date of your group insurance coverage. Unimerica is the carrier for all of the life insurance products both College-paid and employee-paid optional insurance plans. Short-Term Disability insurance provides the insured 67% of salary per week (to a maximum benefit of $500 per week) if an employee is away from work due to an illness or injury.* Benefit ... 49 percent of all Montana firms offered health insurance to their employees in 2006 with the majority of them (94 percent) offering it to all employees; Firms with larger workforces offer health insurance more often than firms with a smaller number of employees.http://www.dphhs.mt.gov/uninsured/spgemployersurvey122006.pdf. The high cost of health insurance is a major barrier to employer-based health insurance in Montana. The insurance cost/small firm relationship significantly contributes to Montana’s high rate of insured since small firms with ten or fewer employees represent 35 percent of total state employment. Currently insured workers benefit to the extent that tax credits encourage firms to continue to offer health insurance. Although the overall offer rate of health insurance by employers did not change over the three year period there was a change in the percentage of employers offering insurance to all of their employees. Firms with 100 or more employees was the critical size threshold for offering health insurance with firms in this category offering health insurance to their workforce. Although health insurance was offered to a higher proportion of employees over the three years, these gains were offset by a disproportionate shifting of higher health insurance premiums onto employees. Montana employers’ offering of health insurance between 2003 and 2006 was remarkably stable with no dramatic changes in the proportion of employers offering health insurance to their employees. The stability of the employer health insurance offer rate is reflected by the number of firms who added and who dropped health insurance benefits over the past three years. Employers’ responses to ... Over the past few months the University Treasurer’s Office has received a number of general inquiries about the University’s auto insurance programs for vehicles that are owned by the University/State and for vehicles that are leased by the University.http://www.umassd.edu/administrativeservices/autoinsurance.pdf. In addition, we have received some very specific questions about what types of auto insurance University employees should be purchasing from rental companies when renting vehicles for University business. The purpose of this memorandum is to provide an overview of the University’s auto insurance programs, as well as to provide guidelines for University employees to consider when renting vehicles for University business. As you review the information contained in this memorandum, it is helpful to remember that in general there are two types of insurance coverage related to vehicles: Liability Insurance and Physical Damage Insurance. Liability Insurance covers bodily injury or property damage to a third party. When renting a vehicle, there are a number of important decisions that need to be made with regard to insurance. The employee will most likely be given the option of buying the following two types of rental insurance: Liability Insurance and Physical Damage Insurance (Physical Damage Insurance is often referred to as a Collision Damage Waiver (CDW) or a Loss Damage Waiver (LDW) in the rental agreement). The information that follows will help the employee decide when it is necessary to purchase the insurance from the rental company and when it is appropriate to waive the coverage. Liability Insurance - The University has a Hired and Non-owned Liability Insurance It ... | |
