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Answer :
When group benefits under COBRA have expired, the fully insured group policy can be converted to an individual health policy. This conversion option is known as conversion privilege, and it allows individuals to convert their group health coverage to an individual health policy without having to go through medical underwriting.
This option is available to individuals who have been covered under a group health plan for a certain period of time and meet the eligibility criteria set by the insurance company.
Individual health policies are designed to provide coverage for an individual or family, whereas group policies are designed to cover a group of people. Blanket policies and disability policies are not typically used to replace group health coverage, as they provide different types of coverage and benefits. Therefore, if you are looking to replace your group health coverage after COBRA benefits expire, the best option would be to explore the https://brainly.com/question/31760299?referrer=searchResults option and consider purchasing an individual health policy that meets your needs and budget.
When group benefits under COBRA have expired, a fully insured group policy can be converted to a(n) individual health policy (option A). COBRA, or the Consolidated Omnibus Budget Reconciliation Act, allows employees to temporarily extend their group health coverage after certain qualifying events, such as job loss or reduced work hours. However, this coverage is limited and eventually expires.
At this point, converting the group policy to an individual health policy is an option. This allows the policyholder to maintain health coverage, even though they're no longer part of the group policy. The individual health policy is tailored to the specific needs and situation of the policyholder and is no longer connected to their former employer or group. This conversion ensures continuity of health coverage and helps protect against unexpected medical expenses.
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