Michelle's Law (HR 2851) -Student Medical Leave
On October 9, 2008, President Bush signed into law a requirement that insurance policies allow college students who are on their parents health plan to take a medical leave of absense of up to 12 months. This new law DOES NOT TAKE EFFECT until October 9th, 2009.
Under current law, if a child lost full time student status, the child would also lose eligibility for coverage under a parents health plan.
Several states had already passed this provision, check with your local carrier or broker to see if your State already has this legislation in effect.
Under current law, if a child lost full time student status, the child would also lose eligibility for coverage under a parents health plan.
Several states had already passed this provision, check with your local carrier or broker to see if your State already has this legislation in effect.
I have noticed lately that there are alot of concerns about life insurance policies and the fact that you have to keep them for at least a year or whatever the term says before you can actually bank on the policy. So if you get a life insurance policy and you die in 2 weeks, then you do not get the life insurance payoff because you died too fast (no matter what the reason is). It is important to check out the life insurance company you are going to be dealing with on this aspect.
Reply to this
For how many years someone can use his medical insurance?!
Also, on the child-parent issue, do many parents agree with this kind of law?!
What is the effect on it on both the child and the parent?
How old do the State allows a child to have a medical insurance?!
Reply to this