What is the term for changing coverage from a group health insurance plan to an individual plan with the same insurer?

The term for changing coverage from a group health insurance plan to an individual plan with the same insurer is referred to as "conversion." This process allows individuals who are leaving a group health plan, such as when leaving a job, to maintain continuous coverage by converting their group policy into an individual policy. This is particularly important because it can help avoid gaps in health coverage, which can be detrimental to individuals who may have pre-existing conditions or who need continuous medical care.

Conversion typically comes with certain advantages, such as not having to undergo medical underwriting or provide proof of insurability, which makes it easier for individuals to secure necessary health insurance once they move from a group plan to an individual plan. This option is designed to protect consumers and ensure that they have access to health coverage that suits their continuing needs after leaving a group situation.

In contrast, the other terms represent different concepts in the field of insurance. For example, switching suggests a change in coverage or policy but does not necessarily indicate the specific context of migrating from group health to individual health coverage. Transfer and exchange also do not capture the specific nature of the arrangement that allows for continued coverage in a way that is structured and regulated, focusing instead on broader notions of changing ownership or policy types.