What is required to reinstate a lapsed health insurance policy?

To reinstate a lapsed health insurance policy, it is typically necessary to provide evidence of insurability along with payment of back premiums. This requirement serves to protect the insurer by ensuring that the insured person's current health status justifies reestablishing coverage. Evidence of insurability often involves personal health questions or a medical examination, allowing the insurer to assess any changes in the applicant's health since the policy lapsed. Furthermore, paying back premiums addresses any outstanding financial obligations that may have contributed to the policy becoming inactive.

The other options do not accurately capture the standard procedure for reinstatement. For instance, simply paying all future premiums does not consider the policyholder's current health status, which is a crucial aspect of evaluating risks for the insurance company. Approval from a government agency is unrelated to private health insurance policies, as these are regulated at different levels, primarily between the insurer and insured. Lastly, completing a new policy application is not usually required, as the goal is to reactivate the existing policy rather than starting a new one.