Under a guaranteed renewable health insurance policy, which factor may insurers change?

Under a guaranteed renewable health insurance policy, insurers are allowed to change the rates by class. This means that while the insurer must renew the policy as long as the premiums are paid, they have the option to adjust the premiums based on specific classification criteria, such as age, location, or health status of the enrolled members within a specified class, rather than individual underwriting.

The ability to adjust rates is what distinguishes guaranteed renewable policies from non-renewable ones. Insurers assess risk and calculate premiums based on collective demographics of a group or class rather than on the risk profile of each individual insured person.

The other options pertain to aspects that insurers cannot modify under guaranteed renewable policies. For instance, insurers cannot change the overall benefit coverage, meaning that the essential benefits of the plan remain the same throughout the life of the policy. Similarly, personal information of the insured is protected, ensuring that changes to coverage aren't influenced by individual data unless officially reported, while the renewal date of the policy remains consistent under the terms agreed upon at the inception of the policy.