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Definition of Portability Insurance

Portability of Insurance is usually viewed upon under Health Portability Insurance which on its part applies to employment. Health Portability Insurance comes into play under different circumstances. When you leave your job you may be concerned about continuation of your Health Insurance coverage. If you have a preexisting condition, there is a threat that you will be denied health coverage by your new employer's health insurance issuer. In case you decide to be self-employed you may worry about that you will not be able to purchase an individual Health Insurance policy. That is where Health Portability Insurance is of paramount importance. It includes protection for coverage under group health plans that limit exclusions for preexisting conditions. This kind of insurance is intended to prohibit discrimination against employees based on health status. Another advantage of Health Portability Insurance is that it allows a special opportunity for individuals to get enrolled in a new plan in certain circumstances. Health Portability Insurance gives you a right to purchase individual coverage in case you do not have a group plan coverage available.