What is a Grace Period?

A Grace Period is a set period of time allotted by the North Dakota Health Insurance Law for individuals to pay their premium without losing their coverage. Grace Periods are designed to provide an individual with more time to pay their premium before their coverage is cancelled. Grace Periods vary in length depending on the type of North Dakota health insurance plan that is being used. For example, if an individual obtains coverage through the North Dakota health insurance exchange, they will typically have up to 90 days to make a premium payment. If the individual has a plan outside of the exchange, the Grace Period may be longer or shorter. During the Grace Period, individuals must still make their premium payments to remain covered. If the individual fails to make the payment by the end of the Grace Period, their coverage will be cancelled. It is important to note that Grace Periods are not the same as open enrollment periods, during which individuals can obtain new coverage. If you are having difficulty paying your premium, it is important to contact your health insurer. Your insurer may be able to work with you to set up a payment schedule, or to provide other options to help you pay your premium. It is also important to remember that taking advantage of a Grace Period does not prevent you from being able to obtain coverage in the future.

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