What law prohibits the cancellation of a Medicare supplement policy based solely on age or health deterioration?

The Guaranteed Renewal Law is designed to ensure that individuals with Medicare supplement policies can maintain their coverage regardless of their age or health status. This law provides a safeguard against the cancellation of insurance policies solely due to factors such as increased age or a deteriorating health condition. Essentially, it guarantees that as long as premiums are paid, the policy cannot be canceled by the insurer on these grounds.

This provision is particularly important for seniors, who often face health challenges and may require continued access to health care services. By prohibiting cancellation based purely on age or health deterioration, the Guaranteed Renewal Law helps maintain continuity of care for those dependent on Medicare supplements.

In contrast, the other options listed do not correspond to widely recognized legislation relating to Medicare supplement policies. For instance, an Age Protection Act or Health Equity Law do not generally exist in the context described, and an Assured Continuity Law does not specifically address issues surrounding Medicare supplements. Therefore, the correct response highlights the essential legal protections afforded to policyholders under the Guaranteed Renewal Law.