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Why would two insurance premiums be deducted from a participant’s first stipend?

April 26, 2017deducted Insurance participant premiums stipend

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Why would two insurance premiums be deducted from a participant’s first stipend?

1 Answer

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This depends on when in the month the coverage takes effect. If the coverage takes effect during the first 15 days of a month, the participant must pay for the current month and the next month since premiums are paid in advance. However, if the coverage begins after the 15th, then the participant only pays the one premium for the next month.