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.
