In some cases, you might be offered a conversion plan when you lose your group health plan coverage. That essentially lets you convert your group plan into an individual plan, with certain restrictions. Be careful choosing that option, though. Because conversion plans are individual plans, once you buy it, you'll no longer qualify as an eligible individual for the individual market. Be sure to check with your state's insurance regulatory agency when you buy any new health plan, though.
States can, and often do, enact laws that shorten the exclusion periods insurers can provide.
And some have relaxed the rules to qualify as an eligible individual. If at all possible, you should buy coverage through a group plan, as they generally have broader benefits and wellness care. Check with your state's department of insurance to find out your rights on buying a group plan. Back to Page 1 .