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Follow on Google News | What Happens If You Do Not Pay Your Premium By The Due Date?Nevada Insurance Enrollment Explains What Happens If You Do Not Pay On Time
What Is a Grace Period? The grace period is a short period after your monthly health insurance payment is due. As long as you make your payment during the grace period, you will avoid losing your health insurance coverage. If you have a Marketplace plan through Nevada Health Link and you qualify for advance payments of the premium tax credit and you have paid at least one full month's premium during the benefit year, then your grace period is usually 90 days. If you are behind on your payments, however, benefits may not be covered until the full payment has been caught up. If you do not qualify for a premium tax credit, your grace period may be different. Your health insurance agent can give you information on the grace period for your policy. What If I Miss My Grace Period? If you do not make your payment during your grace period, then your health insurance policy is canceled retroactive to the last date your plan was paid for. In other words, if you miss your July, August and September payments and your policy is canceled, then no medical expenses incurred since the end of June are covered. Read the full article: https://www.nevadainsuranceenrollment.com/ Learn more: https://www.nevadainsuranceenrollment.com/ Nevada Insurance Enrollment 4260 W. Craig Road suite #150-A North Las Vegas, NV 89032 (702) 898-0554 Website: NevadaInsuranceEnrollment.com End
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