1. 15645 POINTS
    Edward HarrisPRO
    Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
    The answer is simple. Yes. If you do not pay your premium, either an individual or group policy, it will terminate. There may be a grace period or reinstatement clause, but typically, the policy will be in a lapse stage.

    If your question was referring to actual "benefits" of a policy, The Affordable Care Act eliminated lifetime caps on covered benefits that are paid (although some policies, such as short-term plans) are exempt.
    Answered on March 29, 2013
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