“If what you say is true, then the insurance companies and brokers did give us bad information. We had to switch from an employer plan to individual plan - a lot more money.”
If you lost your group plan say Nov 1st and had a $350,000 medical claim on Nov 13rd, you have 31 days under federal law to sign up for a individual plan after Nov 1st. That insurance is retroed back to Nov 1st(again under federal law) even if you signed up for it on say Nov 28th. and your claim on the 13th would have been paid.
I’m trying to remember every detail about it. We went through our broker and directly to insurers. There was a hiccup having to do with the state licensing and who would be providing insurance in our state in the next year.
Fortunately nothing major happened, I suppose if something did occur we would have gotten the advice you are giving from someone else.