What is a Certificate of Creditable Coverage and why is it important?
A Certificate of Creditable coverage is a document sent employees from their previous insurance carrier proving they had previous insurance coverage, and are therefore not subject to pre-existing condition limitations on their new plan. The certificate includes the beginning and end dates of their former policy and confirms they did not have a break in coverage. Carriers typically send out these certificates within thirty days of a policy cancellation. Encourage your employees to call their former carrier directly if they fail to receive their certificate in a reasonable period of time.
Related Questions
- I had health coverage before enrolling with FIC and provided my HIPAA (Certificate of Creditable Coverage). Why do I still need to provide medical information?
- What if a participant is unable to provide a Certificate of Creditable Coverage to the new group health plan?
- What is certificate of creditable coverage?
