Health and Life Insurance

Category - Health and Dental

If, due to serious health conditions, an individual is not eligible for a traditional individual health insurance policy, they may be able to obtain coverage through __________.
  1. A PPO
  2. An HMO
  3. COBRA
  4. A guaranteed issue policy
Explanation
Answer: D - If, due to serious health conditions, an individual is not eligible for a traditional individual health insurance policy, they may be able to obtain coverage through a guaranteed issue policy. Guaranteed issue is a type of health insurance coverage that is guaranteed to be issued to an applicant, regardless of their health status. In addition, as long as the policy holder continues to pay his or her premium, the policy will be renewed. Typically, these policies have very high premiums in order to compensate for the higher amount of risk that the insurance company assumes.
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