Certified Application Counselor Practice Test 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the grace period for consumers receiving APTC who fail to pay premiums by the due date?

1 month

2 months

3 months

The grace period for consumers receiving Advance Premium Tax Credits (APTC) who fail to pay their premiums by the due date is indeed three months. This means that if a consumer does not make their premium payment on time, they are given a three-month grace period during which they can still receive coverage despite the missed payment. This grace period is significant as it provides consumers with the opportunity to maintain their health insurance and avoid immediate loss of coverage.

During this time, the insurer is required to cover any claims made by the consumer as long as the premium is eventually paid within that timeframe. If the premium is not paid by the end of the grace period, health coverage will be terminated as of the last day for which the premium was paid. This provision aims to support consumers who may face financial difficulties and need additional time to fulfill their premium obligations without compromising their health care access immediately.

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