Posted on 10/01/2013 3:24:49 PM PDT by sheikdetailfeather
Why?
Because they can.....
Auto rates went up in parts of Texas last year. Asked my State Rep and he said lots of claims and increase in uninsured drivers. Of course since he and also our State Senator have insurance agencies they don’t seem to be terribly concerned.
The uninsured driver issue is very fixable but the State of Texas doesn’t seem to be interested in doing anything about it.
Our local news WFTV had a story about a man whose car ins. was cancelled by State Farm because he had a high credit balance. He was shocked as he never had any accidents. I do not see a thing about healthcare being a factor, but I do see credit balance as a consideration:
https://www.statefarm.com/insurance/auto_insurance/ins_auto_price.asp
You get deals when you have various insurance policies with the same company. Auto with Home Owner insurance gives a break, so if health insurance is also offered with that same company, you get a break. That is what probably happened. If one policy is dropped, the break is no longer given.
Answer to your question, A 29er is someone whose work week has been reduced to 29hrs a week.
Michigan is different from most states because it has no fault auto Insurance where you collect from your own insurer, regadless of who is at fault. Thus, you’rebpaying for your own medical cllaims. Hence, it’s partly medical insurance and your costs rise along with other medical insurance costs.
The limit in hours worked per week for an employee to be considered “part time” and NOT mandated for Obamacare level med coverage is 29 hours.
Companies across the fruited plain are converting 40 hr folks to part time, cynically termed the “29ers”.
Oh, auto insurers will rate full time employees better than part time or not working. They figure a full-timer has less time to get into an accident.
At the same time, 2 part time jobs may get punished as a non worker — you drive between the two places and increase their risk.
The number of 29ers and less are probably a windfall for auto ins companies. That you obamacrap
I suspect a good part of the “improving” employment stats are the newly hired “29ers” to pick up the slack for the full time folks demoted to “29ers”.
There are some strange relationships between auto and medical insurance, because there are contractual terms that dictate which insurance policy covers the cost of medical care in the event of a car accident -- which is probably THE most common "unexpected" medical expense people face in the U.S.
It sounds like the person referenced in this anecdote is facing an increase in her auto insurance as a result of her loss of medical insurance because if she's in an auto accident her own insurance company will now be footing 100% of the medical bills.
That sounds very strange.
It's not strange if you inherit something whose value exceeds your ability to pay the tax on it. A perfect example is a family farm. As an ongoing business, you could have 1,000 acres and be facing a tax bill on a $10 million inheritance. What do you do, sell some of your income producing land to pay $4 million in taxes (at the current, top rate)?
I don't think the poster is talking about anything of a size like this, but you see the problem of inheriting assets and not cash.
We have no-fault in Florida as well. Never been asked about my medical coverage by my auto insurer.
Sure. In FL we have mandatory Personal Injury Protection. Since I have health insurance I carry a high deductible on my PIP. If I lost my health insurance I would probably lower my PIP as much as possible which would result in a higher premium.
Meant to say I would probably lower my deductible as much as possible against my PIP should I lose my health insurance.
He had a credit card balance that was large due to having three terminal illnesses. Since he knew he had two life insurance policies on that debt, one through the credit card company which would be paid in the event of his death, he didn’t worry.
Bank of America denied he had a life insurance policy to pay the final credit balance AND his former employer had gone bankrupt to Enron, so his life insurance policy which should have been $40,000 was only $9,000.
We paid $9,000 of the $27,000 he owed. B of A, we knew, had insurance on the account, or so we thought.
Bank of America changed the name on the credit account to mine and slapped me with instant inherited debt.
Understand now? Oh, and it is legal. Lawyers have told me.
I was also told that if a driver doesn’t have health insurance and is in a car wreck the auto insurance could be forced to pay for injuries.
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