You will need to submit payment either on or before the last day of the month to have your plan start on the first day of the following month.
For example, if you would like coverage to start on October 1st then you would need to submit your application on or before September 30th.
Your first payment, also known as the "binder payment," can be paid anytime from the day you e-sign for your plan up until your start date. The good news is that once your payment is withdrawn, that means you’ve been approved! Your welcome packet and ID cards will follow in the mail about 7-10 business days after this initial deduction.
For ongoing months, most companies will charge you on/around the first day of the month for that month’s coverage.
Comments
0 comments
Article is closed for comments.