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Glossary
Guaranteed renewal is a legal requirement that your health insurer has to offer to renew your plan as long as you continue to pay your premium on time.
Guaranteed renewal is a legal requirement that your health insurance company has to offer to renew your plan as long as you continue to make premium payments on time.
However, guaranteed renewal doesn’t guarantee your premium rate will remain the same year-over-year. It’s always a good idea to shop around before Open Enrollment (opens in new tab) to see if there’s another health insurance plan that better suits your needs.