What happens to health insurance coverage when the waiver of premium provision is invoked?

When the waiver of premium provision is invoked, coverage continues without premium payments. This provision is designed to protect the policyholder during times of financial hardship, such as when they become disabled or unable to work. By invoking this provision, the insurance company waives the requirement for the policyholder to pay premiums while still maintaining their health insurance coverage. This ensures that the insured continues to receive the benefits of their health insurance policy despite their inability to make payments due to specific circumstances.

Other choices, such as terminating the policy, reducing the coverage amount, or adding additional benefits, do not reflect the purpose of the waiver of premium provision, which is specifically to allow continued coverage without premium payments rather than altering or ending the policy in some way.