A Health Insurance Portability is the process of transferring your current health insurance policy to another insurance provider of your choice. Just like you can switch from one telecommunications service provider to another. However, refrain from ignoring this as a simple insurer change. What makes health insurance portability unique is that you not only transfer to a better plan, but your waiting periods and no claim bonus are also transferred, so you don't have to start your waiting periods from the beginning or lose out on your cumulative bonus!