Submitted on Friday 8th March 2024
Rejected on Monday 25th March 2024
Current status: Rejected
Rejection code: irrelevant (see below for details)
Extend Permanent Health Insurance Payments to the New Retirement Age(s)
Disabled or long-term sick employees, who enrolled in PHI decades ago, now approach their 60th (Women) or 65th (Men) birthday with apprehension, as they do not qualify for State Pension until months or years later & due to their PHI policy stating a fixed retirement age.
Additional legislation is needed to mandate PHI insurers to continue payments until clients receive their State Pension.
For many, the agreed-upon policy term was their retirement age, yet a specific age stated in the policy translates to a fixed term.
The government should legislate to ensure Pension Law changes do not adversely affect PHI policies holders who are vulnerable people. The payments should continue until their actual retirement date - reflecting the true objective of a PHI policy.
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The Government e-Petitions Team gave the following reason:
This is a matter for insurers. We could accept a petition calling for government support for people affected, if that's what you'd like.
18.221.173.72 Tue, 05 Nov 2024 16:36:42 +0000
