HEALTH INSURANCE PORTABILITY

HEALTH INSURANCE PORTABILITY

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First of all, let us study what is meant by portability?

Answer to this question is that in portability one can change insurer without taking benefit of some insurance again and again.

Facts related to portability:

-This is related only to health insurance policies.

-Benefits of policy may distinguish from existing policy used.

– No Extra charges are charged for porting.

-There is no guarantee of portability.

-Upgradation of new plans can be made.

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In health insurance portability– the scheme will be that this health portability will allow existing policyholder change their policy to other insurance company and also they will not lose any benefits.

Benefits:

-There is an option to change the insurer when you don’t feel satisfaction with existing services.

-Benefits provided in the previous policy will continue.

-We can choose any policy in related with the new company.

Health insurance portability is flexible.

Important points to be revised:

-There can increase or decrease in the premium according to the change from one insurer to another.

-Must inform insurer in advance before switching on to another policy.

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-There must be continuation in policy.

Content credit: TUBIDY