Stopping and switching are different, and the difference is worth money. If you close, retire or let coverage lapse, an extended reporting period, often called tail, is how you keep the ability to report old claims. If you switch carriers and the new one accepts your existing retroactive date, your prior work carries forward under the new policy and you do not need to buy tail. What to check before you move is whether the new carrier is honoring the old retroactive date or resetting it to the new inception date, which would strand everything you did before. Never let the retroactive date move forward for a premium saving.
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