Difference between revisions of "Certificate Of Creditable Coverage"
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(Created page with "Assuming you want to know what is a "Certificate of Credible Coverage" - this is a document provided to you by an [https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=ins...") |
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| − | Assuming you want to know what is a "Certificate of Credible Coverage" - this is a document provided to you by an [https://www. | + | Assuming you want to know what is a "Certificate of Credible Coverage" - this is a document provided to you by an insuracne company after you drop their [https://www.homeclick.com/search.aspx?search=coverage coverage] provided the coverage was a HIPAA qualified plan. Most company plans are HIPAA qualified.<br>Here is why they send it to you. Under HIPAA regs if you move from one plan to another and have a break in coverage of less than 63 days then the new carrier can NOT impose a pre-existing conditions clause. So if you had MS and moved from job A to job B with less than a 63 day lapse in coverage and had your Certificate, [https://lambangcapgiarenhat.com/ https://lambangcapgiarenhat.com/] the [https://www.trainingzone.co.uk/search?search_api_views_fulltext=insurance%20carrier insurance carrier] for job B would have to cover that condition day 1. |
Latest revision as of 13:27, 2 September 2024
Assuming you want to know what is a "Certificate of Credible Coverage" - this is a document provided to you by an insuracne company after you drop their coverage provided the coverage was a HIPAA qualified plan. Most company plans are HIPAA qualified.
Here is why they send it to you. Under HIPAA regs if you move from one plan to another and have a break in coverage of less than 63 days then the new carrier can NOT impose a pre-existing conditions clause. So if you had MS and moved from job A to job B with less than a 63 day lapse in coverage and had your Certificate, https://lambangcapgiarenhat.com/ the insurance carrier for job B would have to cover that condition day 1.
