Florida 2-15 Life, Health and Variable Annuity AgentFlorida Laws and Regulations Specific to Health InsuranceEasy
A Florida resident is covered by a group health insurance policy through their employer. If the employer terminates the group health policy, what is the minimum period of time the insurer must offer the employee the option to convert to an individual policy?
- A60 days
- B45 days
- C15 days
- D31 days
Show answer & explanationAnswer & explanation
Correct answer: D. 31 days
Florida law mandates a 31-day conversion privilege period for individuals losing group health coverage due to policy termination, allowing them to switch to an individual policy without evidence of insurability.
Why the other options are wrong
- A. This period is significantly longer than required and is not the minimum specified by Florida law.
- B. This period is longer than required and is not the minimum specified by Florida law.
- C. This period is too short and does not comply with Florida law for group health conversion privileges.
Group Health Conversion Privilege
A provision in group health insurance that allows an individual to convert their group coverage to an individual policy upon termination of employment or the group policy, without proof of insurability.
- Mandated by state law (e.g., Florida Statute 627.6675)
- Typically a 31-day window to apply for conversion
- No evidence of insurability required
Memory trick: Group's Gone, Convert Swiftly to Individual