Physician Advocate Tip of the Month - What you need to know about "the grace period" Federal law allows Covered CA enrollees who receive financial subsidies to keep their health insurance for three months, even if they have stopped paying their premiums. This is known as the "grace period." February 10, 2014 Physician Advocate Tip of the Month Covered CA, health benefit exchange, Physician Advocate, Physician Advocate Tip of the Month, Physician Resources, Practice Management, The grace period, Tip of the Month 0 0 Comment Read More »