Porting Health Policy? Why It’s Crucial To Verify When Your Coverage Starts

Outlook Money

Start Porting Early To Avoid Coverage Gaps

One should begin the porting process at least 45 days before the current policy expires to ensure a seamless transition. Delays in approval can result in claim denials due to non-commencement of coverage.  

Confirm When The New Coverage Begins

Simply receiving a new policy does not mean that coverage has started. Policyholders must verify that the risk commencement date aligns with the expiration of the old policy to avoid unexpected rejections.

Accumulated Benefits 

No-claim bonuses and waiting periods served under the old policy should be carried over to the new insurer to prevent financial losses or increased out-of-pocket costs.  

Policy Terms For Waiting Periods

If pre-existing conditions were covered in the previous policy after serving a waiting period, confirm that the new insurer honours that waiting period instead of resetting it.  

Emergency Situations

In case of urgent medical treatment while porting, check if the old insurer can extend coverage. Else, file a claim under the previous policy before its expiry to avoid financial burden.

Emergency

Harassed By Loan Recovery Agents? Here Are The Rights You Should Know

Read More