{"id":408,"date":"2022-11-29T02:31:20","date_gmt":"2022-11-28T18:31:20","guid":{"rendered":"http:\/\/www.pacificprime.sg\/blog\/?p=408"},"modified":"2023-08-04T16:52:46","modified_gmt":"2023-08-04T08:52:46","slug":"continuation-plan-singapore","status":"publish","type":"post","link":"https:\/\/www.pacificprime.sg\/blog\/continuation-plan-singapore\/","title":{"rendered":"Continuation plans for employees wanting to transfer their coverage"},"content":{"rendered":"

From Facebook and Twitter to Netflix and beyond, <\/span>2022 has been rife with mass layoffs<\/span><\/a> at big tech companies, and <\/span>layoff anxieties<\/span><\/a> have been a major issue faced by employees. With loss of a job comes loss of an income and identity, but did you know that your employer-provided health insurance policy doesn\u2019t need to be one of them? A continuation plan can help you maintain medical coverage even when you\u2019re no longer employed by the original policyholder. As there are a number of things to consider, this <\/span>Pacific Prime Singapore<\/span><\/a> article goes through your options so that you can be crystal clear before signing a contract.\u00a0<\/span><\/p>\n

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What are\u00a0continuation plans?<\/span><\/h2>\n

When you leave an employer and your previous insurer agrees to transfer your employer-provided policy to an individual one, you\u2019ve got a continuation plan. What you need to understand is that not all plans can be continued. Some employers will have included an option for departing employees to carry on coverage post-employment, but you will have to check with your HR team or broker to see if that applies to you.<\/span><\/p>\n

Watch<\/b>: 4 ways to deal with layoff anxieties <\/span><\/p>\n