If you are wondering who regulates the health insurance rates in America, the answer may surprise you. First, it all depends on whether you are buying for yourself, or your employer is providing this option for you and also what state you live in. We will break this down into state rate regulations and federal rate regulations.
States do have a hand in making sure the claims filed by the people enrolled can be paid for, but the state puts more emphasis on plans charged to small employers (less than 50 workers) and to people who buy their health coverage individually.
I don't have car insurance. Am I permitted to get behind the wheel and drive? This can be a question that lots of individuals ask, over and over. Simply speaking, if you reside in California you require insurance if you're going to drive a vehicle. There's no two ways about this, so you must always comply with this regulation.
You might think that you could drive without California car insurance and get away with it. For a short time you might be right.
It's a new year. You're finally ready to strike out on your own. You've got a killer business plan, a perfect location in the heart of Chicago and an office full of brand new, state-of-the-art equipment. The people you're interviewing are bright, eager and anxious to settle into a new position with your promising new company.
One problem: you still haven't chosen a group insurance plan. Even more concerning, said eager prospects are asking a lot of questions about which benefits you will be offering. What to do?On the plus side, you're not alone.
With the recession hitting everyone hard, it's a wonder there are any thriving companies left. Many businesses all over the country are struggling to stay afloat and are drastically cutting costs by laying off superfluous staff, cancelling expenses and reviewing all their outgoing costs.
In some cases unfortunate businesses are unable to stay afloat but for the lucky few an overhaul of business practices and costs are a must.One of the most common areas that can be first to come under the money microscope is insurance.