Is There A Missed Payment Grace Period?

This video explains that insurance carriers usually offer a grace period for missed payments. If a payment is missed but made within this period, the insurance plan continues as normal. Below are some key takeaways:

Insurance carriers typically have a grace period of 31 to 90 days for missed payments.
Making a payment within the grace period keeps the insurance plan active.
Failing to pay within the grace period can result in plan cancellation.
Healthcare services used during non-payment may cost more if the plan is cancelled.

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