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How are premiums paid and what happens if they lapse?

April 26, 2017happens lapse paid premiums

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How are premiums paid and what happens if they lapse?

1 Answer

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Maximus will handle the collection of premiums. Several arrangements are possible (e.g., pay monthly, pay for the whole year, semiannually) and there is a one-month grace period before people are disenrolled. If premium payments lapse after the grace period, applicants must reapply.