NJ Provider Protections For ACA Grace Period Provision
October 17, 2013, 4:01 PM EDT
Law360, New York (October 17, 2013, 4:01 PM EDT) -- The passage of the Affordable Care Act in 2010 reigned in a new era of federal health care oversight, along with many unanswered questions and rising anxiety among patients, providers and insurers. Among those questions were how the ACA’s “grace period” for coverage purchased on an insurance exchange would be interpreted and how that provision would balance the interests of insurers, patients and providers alike.
The grace period requires “[a]n issuer of a qualified health plan” to “allow a three-month grace period for nonpayment of premiums...