If a company decides to change insurers for their group policy, what is a major concern?

When a company decides to change insurers for their group policy, a major concern revolves around the carryover of probationary periods, coinsurance, and deductibles. This aspect is critical because when transitioning from one insurance provider to another, employees need to ensure that their benefits and costs are preserved as much as possible.

If the new insurer imposes a new probationary period, employees may find themselves without coverage for certain conditions they previously had coverage for with the old insurer. Additionally, differences in coinsurance and deductible amounts can significantly impact the out-of-pocket expenses for employees. Being aware of these carryover details helps ensure that employees do not face unexpected barriers to care during the transition, thus maintaining continuity of coverage and financial planning.

The other concerns mentioned, while relevant, do not carry the same weight in relation to the complication of transitioning to a new insurer and the ongoing financial implications for employees as the considerations around probationary periods, coinsurance, and deductibles do.