Individual Market Requirements

Individual Market Requirements A. Guaranteed Renewability of Individual Health Insurance Coverage At 42 U.S.C. § 300gg-42, and at 45 C.F.R. § 148.122, HIPAA requires health insurance issuers that provide individual health insurance coverage in the individual market to renew and or continue in force such coverage at the option of the individual, subject to certain exceptions. These provisions also set forth certain requirements for the uniform termination of coverage in the individual market. Every health insurance issuer which offers individual health insurance coverage in the State of Mississippi shall fully comply with the provisions of 42 U.S.C. § 300gg-42 and 45 C.F.R. § 148.122. B. Certificates of Creditable Coverage At 42 U.S.C. § 300gg-43, and at 45 C.F.R. § 148.124, HIPAA requires health insurance issuers that provide individual health insurance coverage in the individual market to provide certificates of creditable coverage under a variety of circumstances when an individual's coverage terminates. Every health insurance issuer which offers individual health insurance coverage in the State of Mississippi shall fully comply with the provisions of 42 U.S.C. § 300gg-43 and 45 C.F.R. § 148.124.