Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Obamacare Loophole Has Insurers Worried Customers Will Skip December Premium Payments
Vox July 24, 2014 "[CMS Bulletin 10] says that if an Obamacare shopper goes online and re-enrolls in a new insurance plan, any payments towards that new, 2015 plan cannot be applied to outstanding debt on the old, 2014 plan. This ... could make December a bit of a no-man's land for insurers looking to get paid. Somebody could theoretically refuse to pay up in December 2014 and then rejoin their plan -- or buy a new one -- in January or February of 2015. The health plan they had in December can't terminate their coverage or use their new premiums to to cover the outstanding debt." |
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