Conversion of a waiting policy into individual hospitalisation insurance

Every employee registered with a group hospitalisation insurance is entitled to individually pre-finance the individual continuation thereof by taking out a waiting policy. This pre-financing means that in the case of individual continuation, the contribution is calculated on the basis of the age at which the employee started the pre-financing. Your employee will have to pay less for the individual continuation, allowing him/her to continue to enjoy an affordable hospitalisation plan.

Every employee registered with a group hospitalisation insurance is entitled to individually pre-finance the individual continuation thereof by taking out a waiting policy.

Under the Verwilghen Act (bis), employers are required to inform their registered employees about the possibilities available to pre-finance individually. We have to point out that this purely concerns an obligation to provide information. You are not required to also offer a pre-finance product.

Within the framework of your obligation to provide information in your capacity as an employer, Vanbreda Risk & Benefits can provide you with documents that will enable you to inform your new employees about the possibilities of individual continuation and pre-finance.

Employees who took out a waiting policy and want to convert this into individual hospitalisation insurance when they leave the company or retire, have to comply with two rules:

1. The conversion is not automatic and has to be applied for in time (within 30 days). The employee has to immediately contact the insurance company of their waiting policy in order to convert it into individual hospitalisation insurance.

2. The employee has to be able to attest that he has had uninterrupted hospitalisation insurance for the full term of his waiting policy.

These rules also apply to the employee’s family members who lose the benefit of the group hospitalisation insurance.

We recommend informing your employees about this when they leave the company or retire.

More information about waiting policies can be found on our website www.wachtpolis.be.

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