Do they not arrange for....sm

the deductible with insurance company "A" to be applied to insurance company "B" when they make a change? Most employers will put things like that in the agreement with the new insurer that for instance if you've paid $500 in deductible so far since January 1st then you get $500 credit with the new company for the rest of the calendar year.

Not all company contracts for insurance expire at the end of a calendar year. All insurers write the health insurance contracts for corporations for a year at a time and therefore I'm sure that whenever MQ started offering health insurance it was during the month that the new policy takes effect. For example, if they started offering health insurance in say June, 1992 then every June the new policy would kick in through whatever insurer they have each year.

Sometimes details of contracts for service for insurance are being negotiated up until almost the last minute, hence the reason that at times it's not possible to provide information to employees until everything is secured for the year. It's not uncommon to have it get down to 2 insurance companies competing for the business and then going through serious negotiations to see who will end up offering the better plan at the best price, and that generally takes time to do. On the other hand if there have been a lot of claims within the past year and the claim dollar amounts are higher than what the company/employee paid in premiums then it's hard to get an insurer to cover you because no one wants to lose money and after all, they are a business. One of the unfortunate things about our industry is that with the majority of employees being female, the dollar amount of claims tend to be higher and therefore it's not as lucrative for insurers to sell to companies in our business as it is for companies that have a more even mixture of male/female employees, or more male employees than female employees.

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