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Assuming you want to know what is a "Certificate of Credible Coverage" - this is a document provided to you by an insuracne company after you drop their coverage provided the coverage was a HIPAA qualified plan. Most company plans are HIPAA qualified. Here is why they send it to you. Under HIPAA regs if you move from one plan to another and have a break in coverage of less than 63 days then the new carrier can NOT impose a pre-existing conditions clause. So if you had MS and moved from job A to job B with less than a 63 day lapse in coverage and had your Certificate, the insurance carrier for job B would have to cover that condition day 1.
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Are dental plans required to provide certificates of creditable coverage?
The purpose of a certificate of creditable coverage is to assure that pre-existing conditions are not excluded in your next policy of coverage. Since a dental procedure in process like a crown is completed by the previous carrier even after the expiration of a policy and dental policies rarely exclude other pre-existing conditions (except perhaps for missing teeth), there is no reason to issue this certificate. The federal law that requires the issuance of this certificate applies to medical carriers issuing health policies not dental insurers.
How do I know if my prescription plan is considered creditable coverage with medicare?
Your plan is required to make that determination for you based on actuarial analysis. Each year, that analysis needs to be completed by 9.30 for the next calendar year's plan. If you are covered by your employer, your employer likely received a statement of creditable coverage from the plan.
What would one need a certificate of insurance for?
A certificate of insurance is necessary to show coverage limits. Any business you plan to deal with should hold a current certificate of insurance to be sure coverage is current.
How do you use creditable in a sentence?
My role is not creditable.
What is effective policy?
The date as shown in the Certificate of Insurance, when coverage under this policy commences.
Can you make a sentence using 'creditable'?
The ringing skills demonstrated were less than awesome but perfectly creditable.
Is Everytide Creditable?
maybe
What is policy effective date?
The date as shown in the Certificate of Insurance, when coverage under this policy commences.
What is the policy effective date?
The date as shown in the Certificate of Insurance, when coverage under this policy commences.
Is VA considered Creditable Coverage for Medicare?
I will be 66 in january 2014. i have medicare part a now but not part b. I have va medical healthcare now and want to sign up for part b . do i have to pay a penalty ?
What is certificate of insurance?
A Certificate of Insurance is a document issued from an insurance company that they use to determine the existence of insurance coverage under certain conditions granted to listed individuals. The effective date of the policy is listed on this document as well as the type of insurance coverage that was purchased.
What is certificate of group health plan coverage?
A group health plan is one in which the named insured of the policy is an entity or other conglomeration of people who are insome way related to each other by employment, interest, or in some other way. The policy is itself issued to that entity or group. Like other insurance policies, the group policy specifies that which is covered, excluded, excepted, and other terms and conditions of coverage. A certificate of group health plan coverage is that document which each member of the group (who opt in to participation in the coverage) get to evidence coverage and participation. The certificate may contain a summary of the terms and conditions of coverage, but will in all events refer back to the master policy for the complete terms and conditions of coverage.
