22+ Define Guarantor Medical Unique

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Define Guarantor Medical. While many guarantees apply to debt instruments they may also be used for day to day expenses. If the patient is under 18 the patient s guardian is the guarantor.

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The guarantor is not the insurance subscriber the husband or the head of household. According to wellspan health the guarantor is the person legally responsible for charges incurred. A guarantor is a financial term describing an individual who promises to pay a borrower s debt in the event that the borrower defaults on his or her loan obligation.

One such as a person or corporation that makes or gives a promise assurance or pledge typically relating to quality durability or performance.

If the patient is under 18 the patient s guardian is the guarantor. Generally that s the patient. A guarantor or responsible party is the person held accountable for the patient s bill. A guarantor is a financial term describing an individual who promises to pay a borrower s debt in the event that the borrower defaults on his or her loan obligation.