Question

Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. Which of these describes the change that will take place? A) Coordination of benefits B) Conversion C) Extension of benefits D) Rollover"

a) Coordination of Benefits
b) Conversion
c) Extension of Benefits
d) Rollover

Answer 1

The change that will take place when Tim switches from a group plan to an individual policy with the same insurer due to employment termination is called Conversion. Conversion refers to the process where an individual moves from group coverage to an individual policy with the same insurer. It allows the individual to continue their coverage even after leaving the group plan.

Step-by-step explanation:

The change that will take place when Tim switches from a group plan to an individual policy with the same insurer due to employment termination is called B) Conversion. Conversion refers to the process where an individual moves from group coverage to an individual policy with the same insurer. It allows the individual to continue their coverage even after leaving the group plan.