The correct answer is: C. 30 days
A grace period is a period of time after the due date during which a payment can be made without penalty. In the case of health insurance, the grace period is the amount of time you have to renew your policy after it has expired. If you renew your policy within the grace period, you will not have to pay a late fee.
The length of the grace period varies from insurer to insurer. However, most insurers offer a grace period of 30 days. This means that you have 30 days after your policy expires to renew it without penalty.
If you do not renew your policy within the grace period, your coverage will lapse. This means that you will not be covered for any medical expenses that you incur after your policy lapses.
It is important to renew your health insurance policy before it expires. This will ensure that you have continuous coverage and that you will be protected from high medical costs.
Here is a brief explanation of each option:
- Option A: 10 days. This is a common grace period for other types of insurance, such as car insurance. However, it is not a common grace period for health insurance.
- Option B: 15 days. This is a longer grace period than Option A, but it is still not a common grace period for health insurance.
- Option C: 30 days. This is the most common grace period for health insurance.
- Option D: 90 days. This is a very long grace period for health insurance. It is not common for insurers to offer a grace period of this length.