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    All Forums | General Discussion

    Insurance test questions

    «First Previous 12
    vegasfballking
    Kurshka
    DUDE-I-TOLD-YOU
    vanzack
    Participants:
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    Views: 1474
    Posts: 42
    «First Previous 12
     
    vegasfballking
    vegasfballking
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    Posted: Sep. 1, 2015 - 12:55 PM ET #26

    Someone simply answer this for me please..

    Guy gets sick Feb 1st... hes out for 30 days... also has a 30 day elimination period...     he gets $500 a month for being sick or disabled....  AFTER THE ELIMINATION PERIOD IS SATISFIED what does he receive?

    Your telling me zero but from the definition and what is in bold I think its $500

    If it is indeed zero than $1250 is right in my first question.... 

    However if it is $500 than $1750 is right in my first question...

    The wording makes it tricky... do u get what I am saying now? I think I explained it well

    Reply

    Someone simply answer this for me please..

    Guy gets sick Feb 1st... hes out for 30 days... also has a 30 day elimination period...     he gets $500 a month for being sick or disabled....  AFTER THE ELIMINATION PERIOD IS SATISFIED what does he receive?

    Your telling me zero but from the definition and what is in bold I think its $500

    If it is indeed zero than $1250 is right in my first question.... 

    However if it is $500 than $1750 is right in my first question...

    The wording makes it tricky... do u get what I am saying now? I think I explained it well

     
    Kurshka
    Kurshka
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    Posted: Sep. 1, 2015 - 1:29 PM ET #27

    Quote Originally Posted by vegasfballking:

    Someone simply answer this for me please..

    Guy gets sick Feb 1st... hes out for 30 days... also has a 30 day elimination period...     he gets $500 a month for being sick or disabled....  AFTER THE ELIMINATION PERIOD IS SATISFIED what does he receive?

    Your telling me zero but from the definition and what is in bold I think its $500

    If it is indeed zero than $1250 is right in my first question.... 

    However if it is $500 than $1750 is right in my first question...

    The wording makes it tricky... do u get what I am saying now? I think I explained it well






    I think that I know why you are stuck. Lets talk about it.


    Reply
    Quote Originally Posted by vegasfballking:

    Someone simply answer this for me please..

    Guy gets sick Feb 1st... hes out for 30 days... also has a 30 day elimination period...     he gets $500 a month for being sick or disabled....  AFTER THE ELIMINATION PERIOD IS SATISFIED what does he receive?

    Your telling me zero but from the definition and what is in bold I think its $500

    If it is indeed zero than $1250 is right in my first question.... 

    However if it is $500 than $1750 is right in my first question...

    The wording makes it tricky... do u get what I am saying now? I think I explained it well






    I think that I know why you are stuck. Lets talk about it.


     
    DUDE-I-TOLD-YOU
    DUDE-I-TOLD-YOU
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    Posted: Sep. 1, 2015 - 1:36 PM ET #28

    The first statement is basically telling you that you must wait out whatever period of time your Elimination Period is.

    The second statement was used with the example.  Specifically, if the EP is 90 days, you're 4 months away from benefits:  

    90 days (3 months) + 30 days (full month) = 4 months time elapsed before Benefits are received.


    I think what you're assuming is that there is retroactive pay (EI - getting the full amount, after the EP). This is not the case with unemployment.  This is the original agreement I had with Kursh...you get NOTHING, no back pay.  If you're still unemployed on day 15 (start of 3rd week), then you start 'earning' benefits.

    When it comes to the other form of benefits mentioned, I asked a friend who works for SF.  She pointed me towards the two phrases I posted.  Looks like they are similar -- No back pay, payments happen after the waiting period is satisfied.
    Reply
    The first statement is basically telling you that you must wait out whatever period of time your Elimination Period is.

    The second statement was used with the example.  Specifically, if the EP is 90 days, you're 4 months away from benefits:  

    90 days (3 months) + 30 days (full month) = 4 months time elapsed before Benefits are received.


    I think what you're assuming is that there is retroactive pay (EI - getting the full amount, after the EP). This is not the case with unemployment.  This is the original agreement I had with Kursh...you get NOTHING, no back pay.  If you're still unemployed on day 15 (start of 3rd week), then you start 'earning' benefits.

    When it comes to the other form of benefits mentioned, I asked a friend who works for SF.  She pointed me towards the two phrases I posted.  Looks like they are similar -- No back pay, payments happen after the waiting period is satisfied.
     
    vegasfballking
    vegasfballking
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    Posted: Sep. 1, 2015 - 1:44 PM ET #29

    So if the elimination period is 90 days and they say the guy is disabled for 3 months and gets $5,000 a month for each month disabled.. and the question asks how much would he receive after he satisfies the 90 day elimination period, the answer would be zero?

    and not $15,000?

    So basically you have to be disabled or sick for a month greater than the elimination period to receive any benefits?

     

    Reply

    So if the elimination period is 90 days and they say the guy is disabled for 3 months and gets $5,000 a month for each month disabled.. and the question asks how much would he receive after he satisfies the 90 day elimination period, the answer would be zero?

    and not $15,000?

    So basically you have to be disabled or sick for a month greater than the elimination period to receive any benefits?

     

     
    vegasfballking
    vegasfballking
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    Posted: Sep. 1, 2015 - 1:47 PM ET #30

    For example, if your elimination period was 90 days, you would need to be in a hospital or disabled for 90 consecutive days before any coverage begins - accumulating 90 days in total

    Read more: Elimination Period Definition | Investopedia https://www.investopedia.com/terms/e/eliminationperiod.asp#ixzz3kVhE80E7
    Follow us: Investopedia on Facebook

    based on this above I don't see how it would be zero AFTER u satisfied the 90 day elimination period wait......    

    Reply

    For example, if your elimination period was 90 days, you would need to be in a hospital or disabled for 90 consecutive days before any coverage begins - accumulating 90 days in total

    Read more: Elimination Period Definition | Investopedia https://www.investopedia.com/terms/e/eliminationperiod.asp#ixzz3kVhE80E7
    Follow us: Investopedia on Facebook

    based on this above I don't see how it would be zero AFTER u satisfied the 90 day elimination period wait......    

     
    DUDE-I-TOLD-YOU
    DUDE-I-TOLD-YOU
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    Posted: Sep. 1, 2015 - 2:29 PM ET #31

    Waiting Period

    Virtually all LTD policies have an "elimination period" between the time your disability occurs and when you can begin receiving benefits. This is essentially a waiting period during which you're not yet eligible for LTD benefits



    i give up...LOL.

    Reply

    Waiting Period

    Virtually all LTD policies have an "elimination period" between the time your disability occurs and when you can begin receiving benefits. This is essentially a waiting period during which you're not yet eligible for LTD benefits



    i give up...LOL.

     
    Kurshka
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    Posted: Sep. 1, 2015 - 2:43 PM ET #32

    Might help if you just use a calendar. So if it starts Feb 1st you black out all of Feb. Then your payments start in March. But you have to be sick the whole month of March, so in April they will pay you for the month of March but not Feb. And every month beyond if you are still sick.
    Reply
    Might help if you just use a calendar. So if it starts Feb 1st you black out all of Feb. Then your payments start in March. But you have to be sick the whole month of March, so in April they will pay you for the month of March but not Feb. And every month beyond if you are still sick.
     
    vegasfballking
    vegasfballking
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    Posted: Sep. 1, 2015 - 2:51 PM ET #33

    I got it finally so basically u have to be sick or disabled GREATER than the elimination period to receive anything. If ur sick or disabled the same amount of time or less u get NADA. Appreciate it fellas. I'm a sick sick sick Fuckk
    Reply
    I got it finally so basically u have to be sick or disabled GREATER than the elimination period to receive anything. If ur sick or disabled the same amount of time or less u get NADA. Appreciate it fellas. I'm a sick sick sick Fuckk
     
    Kurshka
    Kurshka
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    Posted: Sep. 1, 2015 - 2:53 PM ET #34

    Quote Originally Posted by vegasfballking:

    I got it finally so basically u have to be sick or disabled GREATER than the elimination period to receive anything. If ur sick or disabled the same amount of time or less u get NADA. Appreciate it fellas. I'm a sick sick sick Fuckk



    You got it!! Now go ace that test.
    Reply
    Quote Originally Posted by vegasfballking:

    I got it finally so basically u have to be sick or disabled GREATER than the elimination period to receive anything. If ur sick or disabled the same amount of time or less u get NADA. Appreciate it fellas. I'm a sick sick sick Fuckk



    You got it!! Now go ace that test.
     
    DUDE-I-TOLD-YOU
    DUDE-I-TOLD-YOU
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    Posted: Sep. 1, 2015 - 3:09 PM ET #35

    Good luck.

    Kursh, make sure to forward me the winning plays. 
    Reply
    Good luck.

    Kursh, make sure to forward me the winning plays. 
     
    vegasfballking
    vegasfballking
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    Posted: Sep. 1, 2015 - 3:53 PM ET #36

    Kurshka and dudeitoldu- I really appreciate u two helping me out on this one..  

    gotta pass today..  76% and 78% last two trips.. just need to get a question or two right today to deliver.

    Reply

    Kurshka and dudeitoldu- I really appreciate u two helping me out on this one..  

    gotta pass today..  76% and 78% last two trips.. just need to get a question or two right today to deliver.

     
    vegasfballking
    vegasfballking
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    Posted: Sep. 1, 2015 - 6:12 PM ET #37

    been drinking beers all day im 12 deep leaving for test in 10 min.. that's how sick I am

    Reply

    been drinking beers all day im 12 deep leaving for test in 10 min.. that's how sick I am

     
    vegasfballking
    vegasfballking
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    Posted: Sep. 1, 2015 - 6:17 PM ET #38

    taking a cab to a test...    u wanna see what vegas will do to u... follow my whole journey.   place is unreal but it has taken so many to the cleaners me included..
    Reply
    taking a cab to a test...    u wanna see what vegas will do to u... follow my whole journey.   place is unreal but it has taken so many to the cleaners me included..
     
    Kurshka
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    Posted: Sep. 1, 2015 - 7:13 PM ET #39

    Quote Originally Posted by vegasfballking:

    been drinking beers all day im 12 deep leaving for test in 10 min.. that's how sick I am




    You will be fine unless they don't let you in.

    Reply
    Quote Originally Posted by vegasfballking:

    been drinking beers all day im 12 deep leaving for test in 10 min.. that's how sick I am




    You will be fine unless they don't let you in.

     
    Kurshka
    Kurshka
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    Posted: Sep. 1, 2015 - 7:15 PM ET #40

    Send me a PM or call and let me know how it went. 
    Reply
    Send me a PM or call and let me know how it went. 
     
    Kurshka
    Kurshka
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    Posted: Sep. 3, 2015 - 8:56 PM ET #41

    Never heard back from him Dude. I think he was to drunk or failed it. The guy is not that bright. 
    Reply
    Never heard back from him Dude. I think he was to drunk or failed it. The guy is not that bright. 
     
     
    vanzack
    vanzack
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    Posted: Sep. 4, 2015 - 10:02 AM ET #42

    Quote Originally Posted by Kurshka:

      The guy is not that bright. 


    Understatement of the century.



    Support your local animal shelter. I am on twitter.
    Reply
    Quote Originally Posted by Kurshka:

      The guy is not that bright. 


    Understatement of the century.



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