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Grace Periods

Under the Affordable Care Act, there is a 90-day grace period to pay overdue premium payments for individuals who are enrolled in a Qualified Health Plan with tax credits.

For individuals who are enrolled in a Qualified Health Plan without tax credits, the grace period to make overdue premium payments is 30 days long.

During the first month of the grace period, the individual will have health insurance coverage. During the second and third month of the grace period, the insurance company may hold off on paying any health insurance claims until the individual has paid their overdue premiums in full.

To be eligible for the grace period, an individual must have paid at least one full month’s premium during the coverage year. At the end of a grace period, the individual’s coverage will be terminated if they have not paid all their outstanding premiums.

Check with your insurance company to find out more about your payment due dates and grace periods.