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FLSA Coverage, Salary Level, and Deductions from Pay. Download Now “Conversion” is the right to convert from group coverage to an individual policy when membership in the group ends. An employee who converts to an individual policy may have to pay the premiums at the applicable individual rate but is not required to take a physical examination or show evidence of insurability. Premiums on the converted policy are determined in accordance with the person's age and class of risk.
Montana law provides for conversion to another group policy or an individual policy for individuals who have been covered for 3 months by the group plan when coverage is lost because of termination of employment, termination of group coverage by the employer, death or divorce of the employee, or a dependent reaching the plan's age limit. A converted policy may not exclude coverage of preexisting conditions that were covered under the group policy, including the pregnancy of the employee, the spouse, or covered dependents. The right to conversion coverage ends when an individual fails to pay the policy premium or enrolls in another medical plan (MT Code Sec. 33-22-508).
The insurer must offer an individual or group conversion policy that provides the same schedule of benefits and covers the same eligible expenses as those ...