Guaranteed Issue Rights
Updated: 11 March 2024
What Does Guaranteed Issue Rights Mean?
Guaranteed Issue Rights (also known as Medigap protections) is a law that prohibits American insurance companies from declining to sell additional health insurance to a person who has Medicare or any of its variants.
Insuranceopedia Explains Guaranteed Issue Rights
Under the Guaranteed Issue Rights law, insurance companies cannot deny coverage to a person with Medicare who wants to buy health insurance, even if they have prior health conditions. The company is also forbidden to charge more for prior conditions.
Synonyms
Medigap protections
Related Definitions
Related Terms
Related Articles
Life Insurance Companies: 67 of the Biggest Carriers in the U.S.
Everything You Need to Know Before Choosing a Life Insurance Policy
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
What Every College Student Should Know About Renters Insurance
Guidance for Nurses: Five Essential HIPAA Compliance Tips
Related Reading
Life Insurance Statistics
What Students Need to Know About Insurance Coverage During Internships
A Roadmap for Students Interested in the Insurance Industry
Strong Identity Verification in the Insurance Sector
How to Avoid Online Insurance Scams
How to Get Into the Insurance Industry With a Finance Degree