Certificate of Creditable Coverage No Longer Necessary - Exact Insure
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Certificate of Creditable Coverage No Longer Necessary

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06 Jan Certificate of Creditable Coverage No Longer Necessary

Posted at 18:19h in Affordable Care Act, HR Must Reads by

In the past, a Certificate of Creditable Coverage (COCC) was required when an individual changed employers and was enrolled in the new employer’s health care plan. The COCC ensured that the individual would enjoy continuous coverage of any pre-existing conditions, without being subjected to a waiting period.

With the implementation of the Affordable Care Act (ACA), insurance companies can no longer deny coverage to individuals due to pre-existing conditions, or require a waiting period for pre-existing conditions. Therefore, a COCC is no longer necessary, and insurance companies are phasing them out.

Note that the states of New York and Kentucky have existing state statutes which require COCC’s, so groups and individuals in those states will continue to receive them.

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