Success with this aspect of plan administration allows carriers and plan sponsors to recoup revenue that otherwise would be lost.
Portability and Conversion refer to the continuation options provided to an individual when he/she will lose or change group coverage due to a qualifying event. These insurance administration procedures allow an individual to keep his/her insurance even after leaving the group.
Success with this aspect of plan administration allows carriers and plan sponsors to recoup revenue that otherwise would be lost.
Read this paper to learn:
- The step-by-step processes of how port and conversion are conducted
- Common pitfalls that threaten carriers
- Solutions to these problems that ensure a smooth transition
Complete the form on this page to download the free white paper.
