MEDICAL CONVERSION
In certain cases the Producer may arrange for a
Medical Conversion Policy from Celtic Life Insurance Company through
their SLG underwriter. Eligibility for conversion is determined as
follows:
-
The person must have been covered under the
employer's medical plan as described in the plan document for at
least six months.
-
The person's coverage must have ended prior to
termination of the Excess Loss Insurance Policy.
-
The person is eligible to convert only once, even
if he/she becomes covered under the employer's plan for a second
time.
-
Only those who are under age 65 and residents of
the United States are eligible.
It is important to note that Medical Conversions
themselves are not handled by SLG Benefits. In the event that an
eligible person requests medical conversion, a Medical Conversion Form
is used to request Conversion from the Celtic Life and should be sent
to SLG Benefits for forwarding to Celtic Life. The Conversion
privilege must be exercised within 31 days, or the maximum number of
days allowed within the state, whichever is less, after medical
coverage terminates. No evidence of insurability will be required. The
individual premium assessed for each conversion will be determined by
Celtic Life and is based on the employee's state of residence, age,
sex and the desired medical plan. Celtic Life can provide information
on other medical plans as well.
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