How many days is the grace period for a health policy that is paid on a quarterly basis in North Carolina?

In North Carolina, the grace period for a health insurance policy that is paid on a quarterly basis is indeed 31 days. This means that if a policyholder fails to make a premium payment by the due date, they are afforded an additional 31 days to complete the payment without losing coverage. This provision ensures that policyholders have some leeway in their financial obligations and can avoid unintended lapses in insurance coverage.

The 31-day grace period applies specifically to policies with premium payments that are made quarterly. Other payment frequencies, such as monthly or annually, may have different grace period terms, but for quarterly payments, the 31-day rule is consistent across the board in North Carolina. This creates a protective measure for consumers, allowing them to maintain their health insurance coverage even during times when they may face temporary financial challenges.