When an employee loses his/her eligibility for coverage under a group health plan, they may be offered the chance to convert to an individual policy. This is called a conversion policy. Under a conversion policy the employee would still have a policy with the same insurance issuer, but it will be an individual policy. The benefits may not be the same, and generally the premiums will be more expensive. Use this form to inform an employee of their options for a conversion policy.
|
