Questions: Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. Which of these describes the change that will take place? A. Conversion B. Coordination of benefits C. Rollover D. Extension of benefits

The answer is the first one (A): Conversion.

Explanation for each option:

A. Conversion: This is the correct answer. Conversion refers to the process of changing a group insurance policy to an individual policy without needing to provide evidence of insurability. This option is typically available when an individual leaves a job or when the group coverage is terminated.

B. Coordination of benefits: This is incorrect. Coordination of benefits is a process used when an individual is covered by more than one insurance plan. It determines which plan pays first and helps to avoid overpayment for services.

C. Rollover: This is incorrect. Rollover generally refers to the transfer of funds from one retirement account to another, not applicable in the context of changing insurance coverage from group to individual.

D. Extension of benefits: This is incorrect. Extension of benefits refers to the continuation of coverage for a limited period after the termination of a group plan, usually under specific circumstances like disability, but it does not involve converting to an individual policy.

In summary, the correct term for changing from a group plan to an individual policy due to employment termination is "Conversion."