Please contact one of our agents with the most up to date rules and regulations for Health Insurance Plans.
Definition
51 or more employees.
Issuance of Coverage
Large group health insurance contracts, unlike small group health insurance contracts, do not have to be offered on a guarantee-issue basis. Large group health insurance is medically underwritten at the time of purchase, with rates based on employee participation and prior claims experience. However, as per the federal Health Insurance Portability and Accountability Act of 1996, all group insurance contracts, including large group contracts, must be guarantee-renewable, unless there is non-payment of premium, the employer has committed fraud or intentional misrepresentation or the employer has not complied with the terms of the health insurance contract.
Pre-existing Condition Requirements
Please contact one of our agents with the most up to date rules and regulations for Health Insurance Plans.
Underwriting Requirements
Please contact one of our agents with the most up to date Underwriting Requirements for Health Insurance Plans.
Creditable Coverage Requirements
As per the Federal Health Insurance Portability and Accountability Act of 1996, credit for prior coverage is required as long as there is no more than a 63-day break in coverage.
