Thursday, January 22, 2015

Can my health insurance company raise premiums effective immediately on this pay period? Premiums went up from around $200 to $600. Over hal...

Question

Can my health insurance company raise premiums effective immediately on this pay period? Premiums went up from around $200 to $600. Over half my salary.



Answer

Yes. Your pay period has nothing to do with the cycle of insurance contracts and premium increases.



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