
Published on 25/06/2020
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Individual continuation of group hospital plan: what do you need to know?
A corporate-sponsored hospital plan is one of the fringe benefits that employees value the most. But when they leave their company or retire, they also generally lose the right to their corporate hospitalisation insurance. Fortunately, this coverage can always be continued on an individual basis. As an employer, you have an important role to play when it comes to informing your staff members about this option. With AG, your staff members can continue their coverage with AG Care Hospitalisation, our comprehensive individual hospital plan.
A corporate-sponsored hospital plan is one of the fringe benefits that employees value the most. But when they leave their company or retire, they also generally lose the right to their corporate hospitalisation insurance. Fortunately, this coverage can always be continued on an individual basis. As an employer, you have an important role to play when it comes to informing your staff members about this option. With AG, your staff members can continue their coverage with AG Care Hospitalisation, our comprehensive individual hospital plan.
Right to individual continuation coverage
Staff members who retire or leave their company, and lose the right to their corporate hospital plan as a result, can
always continue this coverage on an individual basis. This is the safety net provided by the
Verwilghen Act. Under this Act, you as an employer are also required to
inform your departing employees about this option.
What do your staff members need to do to continue their hospitalisation coverage on an individual basis?
- Staff members interested in taking out individual continuation coverage must notify AG within 30 days of leaving their company.
- If they decide to continue their coverage with AG, they must send in this document completed and signed by both the employer and employee to AG. They will then receive a non-binding quote for individual hospitalisation insurance.
- hospitalisation
- pre-admission/post-discharge outpatient care
- critical illness-related treatment
- coverage and assistance abroad
- Medi-Assistance third-party payer agreement (only available in Dutch or French)
Unique on the market: pre-financing with AG Care Vision
Which is why AG is the only private insurer to offer a pre-financing option with its AG Care Vision product. With this so-called "waiting policy", staff members get to lock in their premium at the time they sign up for the AG Care Vision policy, and are charged the applicable rate at that age when they convert to individual continuation coverage.
This pre-financing option can be taken out by you for the benefit of your staff members (AG Care Vision Full). Your staff members can also take out this option individually (AG Care Vision NL-FR). In both cases, the insurance coverage works the same way. For the full details, go to My Global Benefits, the website for your insured staff members. We have summarised the key benefits of our Vision solution here:
AG Care Hospitalisation wins DECAVI insurance trophy 2020
AG Care Hospitalisation has been
the gold standard for hospitalisation insurance for many years. Between the
extensive coverage and the unique level premiums - i.e. the premium remains the same throughout the duration of the plan - it's no wonder that
AG Care Hospitalisation (NL-FR) was awarded the
DECAVI trophy in the Healthcare Insurance category in 2020. |