Learning Center > Glossary-Terms > Renewal

Renewal

Renewal occurs when a covered person opts to continue coverage under a health insurance plan. Renewal usually occurs once a year. Payment of premium is usually accepted by the health insurance company as a request to renew.

Note: These definitions are provided only to give you a general understanding of how these words are sometimes used by health insurance companies. Please refer to your coverage documents for a complete list of defined terms that apply to your specific coverage.
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