Grace Period

A three-month grace period mandated by the Affordable Care Act for individual members who receive a premium subsidy from the government and are delinquent in paying their portion of premiums. This grace period only applies to individuals who meet all of the following: enroll through HealthSource RI (or their state’s health insurance marketplace/exchange); receive a premium subsidy in the form of a tax credit and/or cost-sharing reduction; and have paid for at least one month of coverage. 

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