Now that I'm on a group health insurance plan, do I have to pay the last month's premium for my individual plan or can I leave a gap in coverage?
I just got a new job and am now enrolled in their group health insurance plan. Yay! Prior to starting this new job, after losing my grad school insurance last August, I signed up for an individual plan and then switched to another ACA-approved individual plan on January 1st. Because of an accounting slowdown related to ACA signups and the way that the billing dates fall, I haven’t yet paid my premium for the current month of my individual plan. Do I have to pay this premium?
In the past, I would have been worried about having a gap in between periods of coverage because I have a pre-existing condition, but as far as I understand it, now, because of the ACA, I don’t have to worry about that? The Schedule of Benefits for my new group plan clearly states that it has no pre-existing condition limitations (see p. 23 here
So, do I have to pay this premium? Is there something I don’t know or am not thinking about here? (I don’t have a lot of experience in this area, it it's not clear!). If not paying the premium could cause problems with my coverage in the future, I’ll do so, but if not, I have things I’d rather do with the money than give it to my insurance company (I realize there are ethical reasons why one might pay even if not required to, but I'm not interested in answers about those, thanks).