CONTINUATION OF COVERAGE
WHAT IS CONTINUATION?
If your group coverage ends, you may qualify for portability or may be able to convert your group insurance policy. These options allow you to continue your coverage without the need to complete medical underwriting.
Here's how portability and conversion work
About Portability & Conversion
Upon loss of eligibility or termination of employment, you and/or your dependents may elect to continue your Insurance coverage by either porting or converting it.
If you are able to continue your insurance policy, you can port it, which means continuing the same type of policy, or you can covert it, which means change it to a new type of individual policy.
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Which Benefits Can be Ported?
- Basic Life Insurance/AD&D/ Voluntary Term-Life Insurance/AD&D
- Accident Insurance/Voluntary Accident Insurance
- Critical Illness Insurance/Voluntary Critical Illness Insurance
- Hospital Indemnity/Voluntary Hospital Indemnity
- Disability/Voluntary Disability
You must be under age 70 to be eligible to continue insurance through portability and coverage terminated at age 70.
Please Note: Dental and/or Vision - If you're interested in continuing your dental and/or vision coverage after your employment ends, coverage may be available to you through the Consolidated Omnibus Budget Reconciliation Act (COBRA). Contact your Benefits Administrator for more details.
Which Benefits Can be Converted?
You must be under age 70 to be eligible to convert and coverage terminates at 99.
Billing Options & Premium Payments
No matter which option you choose, you become responsible for submitting premium payments directly to Mutual of Omaha Insurance Company.
Insurance is only eligible for continuation if the group policy for the specific insurance contained a continuation provision rider, either Portability or Conversion. Other eligibility and state restrictions may apply. Reach out to your Benefits Administrator for specific details.
How to Access Forms?
Follow these steps to locate the appropriate portability or conversion forms:
- Visit mutualofOmaha.com/support/forms
- Select Coverage Continuation Form - Portability and Conversion Forms must be completed
within 60 days
of group insurance ending or reducing and the first premium payment mailed to the address on the application.