Rescission in the context of health insurance refers to the practice of insurance companies canceling a client's coverage, often after the person gets sick, based on alleged misstatements or omissions in the application process. This can leave individuals without coverage when they need it most.

Solved

Rescission Refers to

Question 74

Multiple Choice

Rescission refers to

A) stabilizing the price of health care.
B) insurance companies canceling a client's coverage only after the person gets sick.
C) insurance companies denying health-care coverage due to a preexisting condition.
D) a client's inability to pay for health insurance due to economic hardship.

Correct Answer: