Guaranteed renewable means that your Medicare Supplement insurance company cannot cancel your policy as long as you pay your premiums. The company can raise premiums for an entire class of policyholders but cannot cancel your individual policy. All Medicare Supplement plans are guaranteed renewable.
Key Points
- Guaranteed renewable: company cannot cancel your policy as long as you pay premiums
- Company can raise premiums for an entire class of policyholders
- Company cannot cancel your individual policy
- All Medicare Supplement plans are guaranteed renewable
- An independent agent can help you understand your rights as a Medigap policyholder