Texas General Lines — Life, Accident, Health and HMOGeneral InsuranceHard
A Texas resident is applying for an individual health insurance policy. Under Texas law, what is the maximum free-look period that must be provided for a health insurance policy?
- A60 days
- B10 days
- C31 days
- D20 days
Show answer & explanationAnswer & explanation
Correct answer: B. 10 days
Under Texas law, the free-look period for individual health insurance policies is generally 10 days. However, for Medicare Supplement policies, it is 30 days, and for long-term care policies, it is also 30 days. For standard individual health, 10 days is the common minimum.
Why the other options are wrong
- A. 60 days is not a standard free-look period for individual health policies in Texas.
- C. 31 days is often associated with grace periods or conversion periods, not the free-look period for individual health.
- D. 20 days is not a standard free-look period for individual health policies in Texas.
Texas Health Insurance Free-Look Period
The period of time, mandated by Texas law, during which a new health insurance policyowner can review the policy and return it for a full refund of premiums if not satisfied.
- Standard individual health policies: 10 days.
- Medicare Supplement policies: 30 days.
- Long-Term Care policies: 30 days.
- Period starts from the date of policy delivery.
Memory trick: Health is quick (10), but Medicare and LTC give you more (30).