Reply To: life insurance

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#1851874
Ex-CTLawyer
Participant

Well, I read these 14 posts and it is time for a reality check.

If Yeshivos are behind on payroll, which is very common, how can they be trusted to make life insurance premium payments?

We would soon see staff receiving notifications that their policies were canceled for non-payment.

In October I was at the pharmacy in the nearby city. A rebbi at the local yeshiva was attempting to pick up some medication for his family member. The pharmacy clerk said to him that the insurance declined the prescription. I motioned to the pharmacist to put it on my bill and give out the medicine.
When I got to my office I called the President of the Yeshiva Board (a friend of mine) and asked what’s going on? He said he;d investigate and get back to me.
It seems the bookkeeper was paying the health insurance bill just before the cancellation date of the end of the second month (Bill due Jan 1 can be paid by Feb 29 without policy being cancelled) but didn’t know that the Prescription component had coverage lapse when the bill was 30 days past due.

Yeshivos regularly struggle to pay bills, a vendor might wait to be paid for paper, pencils, cleaning supplies, etc. But insurance companies are quick to cancel past due policies.