Portability and Conversion refer to the continuation options provided to an individual when he or she will lose or change group coverage due to a qualifying event. These insurance options allow an individual to keep insurance even after leaving the group.
Learn the step-by-step processes of how port and conversion are conducted, common pitfalls that threaten carriers, and solutions to these problems that ensure a seamless transition for the end user. Success with this aspect of plan administration allows carriers and plan sponsors to recoup revenue that otherwise would be lost. Here are four essential "must-reads."
Get an overview of what this process entails and what it means--in terms of revenue--for insurance companies.
- White Paper: "The Basics of Portability and Conversion"
- Case Study: Outsourcing Port & Conversion Process Efficiency