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• A requirement that health insurers renew coverage under a health plan except for failure to pay premium, fraud or misrepresentation. HIPAA requires that all health insurance be guaranteed renewable. Minn. Stat. 62A.65 Subd. 2 provides guaranteed renewal in the individual health insurance market and Minn. Stat. 62L.03 Subd. 1 provides guaranteed renewal for the small group market.

  Minnesota Department of Commerce, Insurance - Cite This Source - This Definition
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  Cite Definition for Guaranteed renewability

  American Psychological Association (APA)

  Guaranteed renewability. (n.d.). Glossary of Health Insurance Terms. Retrieved June 8, 2023, from website: http://www.expertglossary.com/definition/guaranteed-renewability.

  Chicago Manual of Style (CMS)

  Guaranteed renewability. mn.gov. Glossary of Health Insurance Terms. Minnesota Department of Commerce, Insurance. http://www.expertglossary.com/definition/guaranteed-renewability (accessed: June 8, 2023).

  Modern Language Association (MLA)

  "Guaranteed renewability." Glossary of Health Insurance Terms. Minnesota Department of Commerce, Insurance. 8 June. 2023 http://www.expertglossary.com/definition/guaranteed-renewability.

• Browse Related Terms: Actuarial justification, Adjusted community rating, Age Rating, Annual Limit, Community rating, Guaranteed Issue, Guaranteed renewability, Guaranteed Renewal, Health Status Rating, Interstate compact, Lifetime limit, Medical Loss Ratio (MLR), Multi-state plan, Qualified health plan, Rate Review, Rating Factors, Rescission, Risk Adjustment, Small group market