Why should McCain or Obama be President
Quote:
Originally Posted by dragonrider
I know you said you sold insurance and actually know something about it, but I do not think the term "blanket policy" or "blanket insurance" means what you say it does. I don't think that term applies to health insurance at all.
I think "blanket insurance" means coverage for more than one type of property at one location or one type of property at more than one location, and it applies to property/casualty insurance, not health insurance. An example would be if a chain store wanted to insure all its store locations.
When a company provides health insurance or life insurance to all its employees, without making each one qualify individually, I think it's called "group insurance," not "blanket inusrance."
Blanket is a term that can be used in many types of policy write ups. It is usually written for larger companies who have a number of employees to be able to cover them all. Typically this type of insurance is usually available through larger companies; corporations such as exxon-mobil, microsoft or any other large company.
Blanket can be used in Life insurance, health or other things.
Feel free to take your Group 1 license and Health Insurance license to find out for yourself ;). The test varies from state to state but is pretty close to being the same regardless of where you are in the US.
Why should McCain or Obama be President
Quote:
Originally Posted by daihashi
Blanket is a term that can be used in many types of policy write ups. It is usually written for larger companies who have a number of employees to be able to cover them all. Typically this type of insurance is usually available through larger companies; corporations such as exxon-mobil, microsoft or any other large company.
Blanket can be used in Life insurance, health or other things.
Feel free to take your Group 1 license and Health Insurance license to find out for yourself ;). The test varies from state to state but is pretty close to being the same regardless of where you are in the US.
Well, this might have been a quibble on my part. And I'm certainly in no position to argue, because I don't have a license, and I do not work in insurance. But I think the point you were making to Bigweed is that employers offer coverage to groups of employees, without indvidual employees having to qualify --- individuals are not denied based on pre-existing conditions, which is what he was worried about. I think the kind of insurance in which a group is covered without inidividuals having to qualify is called "group insurance."
Maybe "blanket" is used in health insurance as well, but I don't think the term refers to the idea that individuls don't have to qualify. I think it has more to do with insuring classes of things at multiple locations --- I don't know how that would apply to health insurance, but maybe it would refer to a policy that covers a class of employees in multiple factories? I've only ever heard it used in reference to property/casualty coverage, so I do not know what it means in relation to health insurance.
Anyway, I think the term "group insurance" ALWAYS refers to insuring a group, without individuals having to qualify. While "blanket" might refer to that kind of thing as well, but it might also have a lot of different meanings that do not mean individuals do not have to qualify.
Whatever. Like I said, I don't work in this field. But I think you are always safe calling it "group insurance" when you refer to a policy that covers a group, without individuals having to qualify.
Why should McCain or Obama be President
Quote:
Originally Posted by dragonrider
Well, this might have been a quibble on my part. And I'm certainly in no position to argue, because I don't have a license, and I do not work in insurance. But I think the point you were making to Bigweed is that employers offer coverage to groups of employees, without indvidual employees having to qualify --- individuals are not denied based on pre-existing conditions, which is what he was worried about. I think the kind of insurance in which a group is covered without inidividuals having to qualify is called "group insurance."
Maybe "blanket" is used in health insurance as well, but I don't think the term refers to the idea that individuls don't have to qualify. I think it has more to do with insuring classes of things at multiple locations --- I don't know how that would apply to health insurance, but maybe it would refer to a policy that covers a class of employees in multiple factories? I've only ever heard it used in reference to property/casualty coverage, so I do not know what it means in relation to health insurance.
Anyway, I think the term "group insurance" ALWAYS refers to insuring a group, without individuals having to qualify. While "blanket" might refer to that kind of thing as well, but it might also have a lot of different meanings that do not mean individuals do not have to qualify.
Whatever. Like I said, I don't work in this field. But I think you are always safe calling it "group insurance" when you refer to a policy that covers a group, without individuals having to qualify.
sigh... no.. there is group insurance and within the group insurance you can have a blanket policy.
Many corporations will pay a premium to have this blanket coverage included, but don't take my word for it. Granted I only sold the crap, and quit because of a moral dilema I felt at times... but feel free to inquire. :hippy:
Group and Blanket are indeed two seperate terms meaning two seperate things, but you can have policies that utilize both.
Why should McCain or Obama be President
The problem Im having with Insurance is the companys. I think they take advantage of the hard working people of America. When I got hurt the trucking company of the guy that hit me they payed for all my medical care and gave me a really nice settlement. How is it that my Insurance thourgh my job tripled and my boss couldnt afford it and then I had to take it over so I could stay covered. The cost went down when I took it over but not very much and when I had to have my last operation on may shoulder at the end of last year they tried to raise it and they werent the ones paying for it I was still covered by the trucking company. The only thing they keep telling me is that I have a pre condition and I might have more mental problems in the future. Hell how do they know that Ill have problems in the future are they fortune tellers now. I think they need to be regulated and they need to get a clue. Oh yeah the pre condition is that I've had a lot of broken bones If I remember correcttly bones heal and they dont break by themselves.:rasta::rastasmoke::pimp:
