What type of renewal is required for long-term care policies in Idaho?

Long-term care policies in Idaho are required to have guaranteed renewal provisions. This means that the policyholder has the right to renew the policy without the insurer being able to refuse renewal due to any changes in the insured's health status or other reasons. The guaranteed renewal feature is crucial because it provides the policyholder with continuity of coverage, ensuring that they can maintain their long-term care benefits even if their health situation becomes more challenging over time.

This requirement protects consumers by ensuring they are not at risk of losing their coverage unexpectedly, which is particularly important for individuals who may need ongoing long-term care services. In contrast, other renewal types such as non-guaranteed, optional, or conditional renewal do not offer the same level of security and may involve restrictions or additional risks for the policyholder.