What option does Jennifer have after purchasing an individual health insurance policy and then losing her job?

After purchasing an individual health insurance policy, Jennifer retains specific rights regarding the policy even after losing her job. The correct choice reflects the standard provision that allows for a full refund of premiums during a specific period, often referred to as the free-look period. This option typically enables a policyholder to review their coverage and ensure it meets their needs. If they decide not to proceed with the policy, usually within a designated time frame, they can return it for a full refund of the premiums paid.

The other options offered, such as continuing to pay premiums or converting to a short-term insurance policy, could be viable in certain contexts but do not provide the same immediate financial relief or assurance as returning the policy for a refund. Transferring the policy to another insurer generally isn't permitted without specific provisions allowing such action or within a certain time frame, making it less practical in this situation. Therefore, Jennifer's option to return the policy for a full refund is particularly beneficial if she no longer requires the coverage due to loss of employment.