Can my health insurance policy be cancelled due to health issues?
Health insurance plans quoted on the site are Guaranteed Renewable. This means it can only cancel due to non-payment of premium. There is a 2 year Contestability Clause which comes into play the first two years of the policy if there was fraud of misrepresentation during the application/enrollment process. This is key reason to honestly and thoroughly provide your information during the application process What are the different payment options? Most carriers offer standard billings, auto-deductions from a checking account, and of payment by credit cards. You can usually choose a bi-monthly, quarterly, or monthly payment. Auto-deduction is the most common only because it has the lowest lapse ratio compared to a standard mailed billing. Addresses change and Auto-deduction avoids the issue of lapsed coverage do to non-payment.
