Sentences with phrase «initial health insurance premium»
If you're late paying your initial health insurance premium for a health insurance policy you're buying through the exchange, your health insurance coverage won't take effect.
https://www.verywell.com/ Not exact matches
With term life insurance, insureds can essentially obtain the most amount of coverage for the lowest initial premium price (with all other factors being equal)-- particularly those who are young and in good health at the time of policy application.
If it happens that your health deteriorated during the period of the initial insurance, what will be the changes in the premium amount of the renewed policy?
If you did not pay when you applied for your health insurance either online or in person, your initial premium must be received by BCBSNC ® by the last day of the month prior to the effective date of coverage (Example: December 31 for coverage effective on January 1).
The premium for the term insurance coverage is reduced based on the lower death benefit amount, while the premium for the new permanent coverage is based on the initial health rating and the current age of the insured.
This initial COBRA premium payment will be larger than subsequent monthly payments since it usually covers more than one month of health insurance coverage.
If you're late paying your monthly health insurance premium, the rules are a little less strict than for the initial premium payment; there's a grace period.
The initial low premiums for an indeterminate premium life insurance policy are designed to pay the costs of policy maintenance, current market interest rates, and your personal demographics such as health, age, and where you live.