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What is the enrollment/cancellation wash rule?

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What is the enrollment/cancellation wash rule?

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If a member is enrolling with an effective date of the 1st through the 15th of the month, they are charged for that entire month’s premium. If a member is enrolling from the 16th through the end of the month, they are not charged for that month’s premium. If a member is cancelled with an effective date of the 1st through the 14th of the month, they are not charged for that month’s premium. If a member is cancelled from the 15th through the end of the month, the full month premium is charged.

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