What characterizes a "non-renewable" health insurance policy?

A non-renewable health insurance policy is characterized by the absence of a guarantee for renewal once the coverage period has expired. This means that the insurer has the right not to offer a new policy or extension, potentially leaving the insured without coverage after the policy term ends. This can lead to uncertainty for policyholders, as they may need to seek alternative options once their plan concludes.

In contrast, a policy with guaranteed coverage from the start ensures that the insured will have protection throughout the coverage period, which is not the case with non-renewable options. Similarly, plans that automatically renew every year provide continuous coverage, directly opposing the concept of a non-renewable policy. Lastly, a policy that only pays for specific medical conditions does not inherently imply any renewal terms and focuses more on the scope of coverage, rather than the conditions of renewal. Thus, the key feature of non-renewable health insurance lies in the uncertainty regarding the continuation of coverage after the initial term, making the statement about lack of guaranteed renewal the accurate description.