if I have a group insurance, want to pay premium in advance and the close my business, is the insurance company still responsible for my coverage?

Asked on September 24, 2012 under Insurance Law, Ohio


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Under the laws of all states in this country, if you purchase insurance for yourself as part of a group insurance policy and pay all of your premiums, you are covered under this insurance policy presumably for your health care even if you close and shut down your business. You would be covered for the period of the policy assuming you make all payments for your health insurance coverage.

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