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Guaranteed Issue

A requirement under the ACA that insurance companies must offer health insurance to any applicant regardless of health status, age, or gender, and cannot deny coverage based on pre-existing conditions.

A requirement under the ACA that insurance companies must offer health insurance to any applicant regardless of health status, age, or gender, and cannot deny coverage based on pre-existing conditions.

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Regulation Jerdon Johnston Regulation Jerdon Johnston

Guaranteed Renewal

A feature of health insurance plans that requires the insurer to renew the policyholder’s coverage at the end of each term, regardless of changes in health status. This is required for ACA-compliant plans and Medicare Supplement (Medigap) plans.

A feature of health insurance plans that requires the insurer to renew the policyholder’s coverage at the end of each term, regardless of changes in health status. This is required for ACA-compliant plans and Medicare Supplement (Medigap) plans.

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Individual Mandate

A provision of the ACA that required individuals to have health insurance or pay a penalty. While the federal penalty was eliminated in 2019, some states still enforce individual mandates.

A provision of the ACA that required individuals to have health insurance or pay a penalty. While the federal penalty was eliminated in 2019, some states still enforce individual mandates.

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Tax Penalty (ACA)

A financial penalty imposed on individuals who did not have health insurance coverage under the ACA's individual mandate. Although the federal tax penalty was reduced to $0 in 2019, some states still impose penalties for not having qualifying health coverage.

A financial penalty imposed on individuals who did not have health insurance coverage under the ACA's individual mandate. Although the federal tax penalty was reduced to $0 in 2019, some states still impose penalties for not having qualifying health coverage.

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