How is the Grace Period different than the Run Out period?
• The Run Out period is the period of time you have to file claims incurred during the plan year. The Run Out period is typically 90 days after your plan year ends. For example, if your plan runs from January 1, 2008 through December 31, 2008, you would have until March 31, 2009 to file claims incurred during the plan year. Whereas the Grace Period extends the timeframe you have to incur eligible expenses for that prior plan year. Therefore with the grace period you could incur expenses up until March 15, 2009. Although you are encouraged to file your claims as the expenses are incurred, any paper claims for expenses that were incurred during the plan year, plus those incurred during the grace period, must be postmarked no later than the last day of the Run Out in order to be processed. It’s important that you don’t wait until the last minute to file your claims as you take a chance that you might submit the wrong information leaving you no time to properly re-submit. In other words, c
• The Run Out period is the period of time you have to file claims incurred during the plan year. The Run Out period is typically 90 days after your plan year ends. For example, your plan runs from September 1, 2008 through August 31, 2009, you would have until November 30, 2009 to file claims incurred during the plan year. The Grace Period extends the time frame you have to incur eligible expenses for that prior plan year. Therefore, with the grace period you could incur expenses up until November 15, 2009. Although you are encouraged to file your claims as the expenses are incurred, any paper claims for expenses that were incurred during the prior plan year, plus those incurred during the grace period, must be postmarked no later than the last day of the Run Out period in order to be processed. It is important that you do not wait until the last minute to file your claims as you take a chance that you might submit the wrong information leaving you no time to properly re-submit. In ot
The Run Out period is the period of time you have to file claims incurred during the plan year. The Run Out period is typically 90 days after your plan year ends. For example, your plan runs from September 1, 2008 through August 31, 2009, you would have until November 30, 2009 to file claims incurred during the plan year. The Grace Period extends the time frame you have to incur eligible expenses for that prior plan year. Therefore, with the grace period you could incur expenses up until November 15, 2009. Although you are encouraged to file your claims as the expenses are incurred, any paper claims for expenses that were incurred during the prior plan year, plus those incurred during the grace period, must be postmarked no later than the last day of the Run Out period in order to be processed. It is important that you do not wait until the last minute to file your claims as you take a chance that you might submit the wrong information leaving you no time to properly re-submit. In othe
