What does guaranteed renewability mean in ACA plans?

• A. Plans may terminate coverage at will.
• B. Plans cannot be renewed under any circumstances.
• C. Plans must renew coverage as long as premiums are paid.
• D. Renewability is limited to the initial contract term.

Answer: (C)

Guaranteed renewability means that once you have an ACA plan, the insurer must renew your coverage at each renewal date as long as you continue to pay your premiums and meet the plan’s terms. This protects you from being dropped or denied renewal because of health problems or prior claims. There are legitimate exceptions, such as if you don’t pay premiums, commit fraud or misrepresentation, move outside the plan’s service area, or if the insurer stops offering that plan in your market. But as long as those conditions aren’t met, your coverage must be renewed.