Does Health Insurance Run Out? 
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 -LRB- although some policies , such as short-term plans -RRB- are exempt . 