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Can anyone tell me why health insurance is not a one year contract?
I don't need to waste everyone's time here with countless examples of things you purchase that you simply are contractually obligated to pay.
It seems the carriers spend a lot of money to obtain and underwrite a case and I'm wondering how it came to pass that someone could drop it at will.
A client in MD can sign up for Aetna, get pregnant next month - baby 9 months later, cancel and Aetna eats it?
Yes...a one year contract would mean the "Mega" client would be screwed.
However, if it became known and a big "One Year Contract" was plastered across all applications/policies wouldn't that force people to look a little deeper before signing?
Lord - you can't get Sales Genie without a one year contract.
I don't need to waste everyone's time here with countless examples of things you purchase that you simply are contractually obligated to pay.
It seems the carriers spend a lot of money to obtain and underwrite a case and I'm wondering how it came to pass that someone could drop it at will.
A client in MD can sign up for Aetna, get pregnant next month - baby 9 months later, cancel and Aetna eats it?
Yes...a one year contract would mean the "Mega" client would be screwed.
However, if it became known and a big "One Year Contract" was plastered across all applications/policies wouldn't that force people to look a little deeper before signing?
Lord - you can't get Sales Genie without a one year contract.