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Portability

Portability in health insurance refers to the facility through which existing health insurance coverage can be transferred from one insurer to another without losing the continuity benefits, such as credits for waiting periods already served under the old policy.

 

If you have a health insurance policy and want to shift to another insurer for better features or service, you can port your existing coverage to a new insurer at the time of renewal. To port your policy, start the process 45 to 30 days ahead of the next renewal date. 

Portability is subject to fresh underwriting from the new insurer. The new insurer can accept or reject your application based on the information you provide in your application.

If the new insurer accepts your portability application, you don’t need to serve the waiting periods in your new policy that you’ve already served under your old policy.

 

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