Summary:
Anyone ending
MIP Continuation coverage may enroll in a Conversion Plan. Eligibility is automatic, i.e., no medical underwriting.
Considerations for Enrollment
Conversion Plan coverage is significantly less than the coverage under MIP and conversion insurance is expensive because it assumes a high degree of medical risk. Premiums and plan availability differ depending on where the insured lives.
- U.S. Residents may enroll in an insurance plan with Aetna.
- Non U.S. Residents may elect only Vanbreda, as Aetna is available only to U.S. residents. Vanbreda offers 2 options:
- Conversion plan that includes global and US coverage;
- Conversion plan for just non-US coverage.
Note:
Both Vanbreda coverage options are limited to two years.