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Okay, first off, I am neither considering nor advocating this idea. This post is merely intended to satisfy my curiosity on the subject and see what others think. Period.
Given the number of people moving to the Triangle who likely still have addresses in the previous state where there is more competition and hence lower health insurance rates, I wondered if it's something that would be possible?
I've known about people who use out of state addresses to get cheaper car insurance, so this morning I was thinking what's to stop people from doing the same thing with health insurance?
Where are they getting their insurance from? If it's an employer, you're not going to have much choice. If you're self employed, there is paperwork that must go along with your insurance. Too much to go into here, but we kept our old insurance when we moved here because my DH"s company was domiciled in NY, but once he switched it to here, it was not possible to keep the NY insurance. And keeping the company domiciled in NY was not to our economic benefit.
Our NY insurance was only slightly cheaper but it was better. Would be nice to still have that.
I've known about people who use out of state addresses to get cheaper car insurance, so this morning I was thinking what's to stop people from doing the same thing with health insurance?
I don't think that will be possible under the new ACA program unless they allow out of network coverage. It does bring up the question of what happens to people who split their time living in two different states and how ACA enrollment would impact healthcare coverage in those cases.
I don't think that will be possible under the new ACA program unless they allow out of network coverage. It does bring up the question of what happens to people who split their time living in two different states and how ACA enrollment would impact healthcare coverage in those cases.
I imagine it would be based on which location a person declares as his/her legal principal residence.
I imagine it would be based on which location a person declares as his/her legal principal residence.
Many retirees who travel arrange to have a home of record in Florida, Washington, Texas, or Alaska as these states have no state income tax.
They rent mailboxes that have addresses not just box numbers. They open bank accounts.
I always thought you had to be in one place for 6 months and one day to declare residency. But apparently, not.
Many wealthy people have homes in Florida and declare that as their state of residence. Ft. Meyers, Naples...even though they may live in other homes a good part of the year.
Wonder how folks like these handle health insurance.
Okay, first off, I am neither considering nor advocating this idea. This post is merely intended to satisfy my curiosity on the subject and see what others think. Period.
Given the number of people moving to the Triangle who likely still have addresses in the previous state where there is more competition and hence lower health insurance rates, I wondered if it's something that would be possible?
I've known about people who use out of state addresses to get cheaper car insurance, so this morning I was thinking what's to stop people from doing the same thing with health insurance?
Can you say "fraud"? And guess what - file a claim and they figure it out and they can legally say you have no health insurance.
Same goes for car insurance companies, btw. I worked with someone that tried to pull this trick and got caught. The entire policy was null and void.
Not sure about the new ACA, but my current insurance is through BCBSNC even though I do not live in NC anymore. They told me I can keep it because the policy was started when I lived in NC. I am going to cancel it for 2014 because it's cheaper to get insurance in my current state than to keep my current policy.
Can you say "fraud"? And guess what - file a claim and they figure it out and they can legally say you have no health insurance.
Same goes for car insurance companies, btw. I worked with someone that tried to pull this trick and got caught. The entire policy was null and void.
Yeah, I make no pretense this is legal. Yet, with so many people able to use the system, it did bring this question to mind.
I've heard of auto policies being nullified retroactively. In other words, it's as if the insurance never existed. I suppose with medical stuff, if they did something similar then you'd suddenly be on the receiving end of a LOT of very expensive bills.
Yeah, I make no pretense this is legal. Yet, with so many people able to use the system, it did bring this question to mind.
I've heard of auto policies being nullified retroactively. In other words, it's as if the insurance never existed. I suppose with medical stuff, if they did something similar then you'd suddenly be on the receiving end of a LOT of very expensive bills.
Bingo. Happens with more frequency than you'd realize when people don't 'fess up about their pre-existing conditions.
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