Remember that old saying, "Every penny counts."?? Read on...
I just read about this...
A Vietnam vet lost his individual health insurance—in the middle of a fight against cancer of the bone marrow—because his wife accidentally shorted their monthly premium by two cents.
Instead of typing $328.69, she typed $328.67.
No big deal right? ~ WRONG!~ Ron Flanagan and his wife got a December billing statement that showed the two cent shortage. And for some reason, it didn’t dawn on them that they should include the two cents in their December payment. So they didn’t.
So Ceridian Cobra Services, their insurer, canceled their coverage.
Flanagan and his wife maintain that the company didn’t send a certified letter or make a phone call to alert them to the discrepancy. “Since the payment was not full,” Ceridian said in a statement, “it fit into the definition in the regulations of an ‘insufficient payment.’…Unfortunately, we simply do not have the capacity to be able to personally call continuants and remind them of the status of their Cobra benefits.”