Paying monthly insurance premiums. It’s important for premiums to be paid by the due date. If you are late, you do have a
“grace-period”. Carriers allow members a short grace period to pay after the due date. After the grace-period, the policy will be terminated for
* For Individuals and Small Groups, the grace-period is 30 days.
* For those enrolled with Healthcare.gov and receiving a tax credit, there is a 90 days grace period.
If your Individual health insurance is terminated due to non-payment:
If your Small Group health insurance is terminated due to non-payment:
Christopher S. Kudryk
KBenefits provides insurance solutions for small business owners and individuals in NJ & NY. Contact KBenefits today and see how we can benefit you.
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