Under a 'guaranteed renewable' health policy, the insurer:
Explanation
A guaranteed renewable policy requires the insurer to renew the coverage (usually to a stated age) and forbids singling out an individual for a rate increase or nonrenewal; premiums can be changed only for an entire class of similar policyholders. The insurer cannot cancel at renewal, cannot raise one person's premium for their own claims, and cannot refuse renewal because health declined. This provision sits between the stronger noncancelable and weaker conditionally renewable forms.
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Related questions on this topic
- In an HMO, the primary care physician often serves as a 'gatekeeper,' which means the physician:
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