Effective Date: 08/18/14 Committee Approval Obtained: 08/18/14 Section: Transportation. These policies serve as a guide to assist you in accurate claims submissions and to outline the. basis for reimbursement by Anthem Blue Cross and Blue Shield Medicaid (Anthem) if the. service is covered by a memberâs benefit plan. The determination that a service, procedure, item, etc. is covered under a member's benefit plan is not a determination that you will be. reimbursed.
Guaranteed Future Insurability allows you to increase your current level of cover, if you experience a personal event, without having to go through the medical application process again. This is applicable only once your policy is in force and will generally only be available once in every 12 month period.uaranteed Future Insurability allows you to increase your current level of cover, if you experience a personal event, without having to go through the medical application process again. This is applicable only once your policy is in force and will generally only be available once in every 12 month period.
DEFINITION of 'Guaranteed Renewable Policy'. An insurance policy feature that obligates the insurer to continue coverage as long as premiums are paid on the policy. While re-insurability is guaranteed, premiums can rise based on the filing of a claim, injury, or other factor that could increase the risk of future claims. Premiums can also be raised on an entire class of insured people during the life of a guaranteed renewable policy for health, life or disability insurance.