Brokerfish

Understanding Certificate of Creditable Coverage

What is a Certificate of Creditable Coverage and How Does it Work?

A Certificate of Creditable Coverage is a document that provides evidence of an individual’s prior health insurance coverage. This certificate is issued to an individual who has had previous health insurance coverage and is now moving to a new health insurance plan. The certificate provides proof that the individual was covered by the previous health insurance plan and will be used to help the individual’s new health insurance plan determine if they are eligible for a pre-existing condition exclusion period or creditable coverage. The Certificate of Creditable Coverage helps individuals maintain their continuous health insurance coverage and reduce their chances of facing a pre-existing condition exclusion period.