If Andrew decides to return his individual health policy within the free-look period, what will the insurer do?

When an individual health policy is returned during the free-look period, the insurer is required to refund the full premium paid by the policyholder. The free-look period allows consumers to review their policy details after enrollment and ensures that they have the option to cancel their policy without penalty if they feel it does not meet their needs or expectations.

In this context, since the policyholder, Andrew, is returning his individual health policy within this designated timeframe, the insurer will indeed refund 100% of the amount he paid. This is a consumer protection measure designed to enhance confidence in purchasing insurance and ensure that individuals have the chance to reconsider their decision shortly after purchasing a policy.

This approach contrasts with scenarios where the free-look period is not applicable, which would not lead to a guaranteed refund, or where only partial refunds might be considered based on underwriting assessments or other criteria. In cases that involve administrative fees or non-full refunds, those apply outside the context of the free-look period. Overall, the full refund during the free-look period serves as a vital consumer protection feature in health insurance policies.