What can a fully insured group policy be converted to after COBRA benefits have expired?

A fully insured group policy can typically be converted to an individual health policy after COBRA benefits have expired. This is important because the purpose of this conversion is to provide continuity of health coverage for the insured when they no longer qualify for group benefits. Individual health policies allow individuals to maintain their coverage, albeit under different terms and potentially at a different rate compared to what they had within the group setting.

The ability to convert the group policy to an individual one supports the principle of providing ongoing access to healthcare coverage, which is particularly vital after a qualifying event such as job loss or termination of group insurance. This option is designed to help individuals bridge the gap in their health insurance coverage, ensuring that they are not left uninsured immediately following the end of COBRA benefits.

Converting to a blanket policy, group policy with another insurer, or a disability policy does not align with the provisions typically associated with the conversion rights of a fully insured group policy. Blanket policies generally cover a specific group for specific occurrences but do not provide the continuous coverage needed for individual health situations, while the other options serve different purposes altogether.