| Covid-19 | Apr 9, 2020

Grace Periods: A Good Start But Not Sufficient

An expert perspective about state actions to extend grace periods, during which insurance coverage cannot be cancelled for non-payment of premiums, in the individual market in response to the COVID-19 pandemic. This piece highlights the risks to consumers of extending traditional grace periods, when not paired with additional protections, and suggests a range of options for addressing the limitations of grace periods. It also provides a primer on this important issue and describes a couple of wrinkles under the Affordable Care Act (ACA).