Wednesday, February 16, 2011

Can the company get away with taking away insurance?

Recently someone close to me has been given a 5% pay cut, due to the struggling economy in our area I understand why. My question is in the removal of Dental, Vision and all of his Life insurance. How can a company get away with removing insurance that has already previously been promised?
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Easy. It's not required for them to provide it. They don't even have to give advance notice, before cancelling the coverages. The HEALTH insurance is the most expensive part, he's lucky he's still got that.
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