I accidently let my Health Insurance Policy Lapse, what should I do?

Answer:
Contact your health insurance company right away

and let them know what happened. Most health insurance policies have a grace period for paying premiums. Even if you have missed the grace period, your policy may have a reinstatement provision.

This is a typical provision that allows you to reinstate the policy provided that you give the insurance company satisfactory evidence of your insurability. The coverage is usually the same as before unless the new health history shows a new condition in which case the insurance company may limit the coverage.

The length of time for reinstatement varies from policy to policy and state to state though you may have up to three years from the policy lapse to apply for a reinstatement.

The reinstated health insurance policy will only pay for medical losses and claims after the policy has been reinstated. For example, if you let your health insurance lapse and stayed in the hospital for three days without coverage, you can’t expect your lapsed policy to pay for claims that occurred while you were uninsured.


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