How long does an employee have to exercise the conversion privilege after terminating from a group policy?

An employee has 31 days to exercise the conversion privilege after terminating from a group policy. This time frame is significant because it allows employees who lose their group insurance coverage the opportunity to convert their group policy to an individual policy without having to provide evidence of insurability.

This privilege is particularly important as it ensures that individuals can maintain their health coverage despite changes in employment status. The 31-day period begins from the date the individual's coverage under the group policy ends. It offers a critical window for employees to secure continuous coverage, which may otherwise be challenging if they have pre-existing health conditions or are in need of immediate insurance protection.

The other options, while varying in length, do not align with the statutory requirements for conversion privileges in most states, including Nevada. This emphasizes the necessity of knowing the exact time frames associated with insurance policies to navigate coverage options effectively.