REMEMBER THE CARDINAL RULE WHEN TAKING OUT GROUP HEALTH INSURANCE
CARDINAL RULE FOR TAKING OUT GROUP HEALTH INSURANCE
Never cancel your present insurance,
either individual or group insurance,
until you receive definite word in
writing from the new carrier you are
dealing with that your group is accepted
for coverage. Remember that even though
a company provides a quota, this does
not mean that they are accepting you or
your group for coverage.
Also remember that all companies reserve
the right to increase the rates they
have offered once they see the
enrollment forms. Although this does not
happen often, it does happen. And those
rate-ups may make the offer of the new
company unacceptable. So the cardinal
rule is … Never, never cancel present
insurance until you have positive word
that the new company is accepting you
for coverage.
Go Back To: Guide To Understanding International and Overseas Group Heath Insurance
Insurance Policy Information: International Travel Insurance with International Health Insurance
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