| Pay BCBSNC with a credit card. | | | | companies you may have done business with in |
| After you have gone through the quoting process | | | | the past, BCBSNCÂ(R) is diligent about |
| with Blue Cross and Blue Shield of North | | | | stopping the automatic debit. North Carolina |
| CarolinaÂ(R), and have made a selection, it | | | | insurance companies are regulated by the North |
| will be necessary to provide BCBSNCÂ(R) | | | | Carolina Department of Insurance. As long as you |
| with the first premium payment. If you use a | | | | follow the procedures necessary to stop an |
| credit card, they will charge the card at the time | | | | automatic debit, you won't have trouble. Simply, |
| that you accept coverage. It doesn't matter that | | | | the procedure is to provide the insurance |
| your insurance policy's effective date is thirty | | | | company a letter requesting cancellation of the |
| days in the future, they will charge the card | | | | policy on a particular date, the policy number, the |
| immediately. | | | | names of the people covered on the policy and |
| The credit card can be used for the first | | | | your signature. |
| payment only. You will be billed monthly for all | | | | Bank Drafting policies: |
| subsequent payments. (Technically, | | | | Blue AdvantageÂ(R): BCBSNCÂ(R) |
| BCBSNCÂ(R) will allow you to pay monthly | | | | Bank Draft transactions are processed on the 5th |
| with the credit card, but you must fill out the | | | | of the month a policy is effective. On-going drafts |
| credit card section on the back of the premium | | | | occur on the 5th for 1st of the month bills and |
| statement each month.Most members, I have | | | | 12th for 15th of the month for bills that are |
| found, on monthly billing, will pay by check. | | | | effective mid month. |
| Paying by checking account: | | | | Blue Options HSA(SM): The Blue Options HSA(SM) |
| Probably the easiest way to make sure that your | | | | product will always default to a 1st of the month |
| health insurance payment is made every month, | | | | bill cycle even if the individual chooses an effective |
| is to have your account debited automatically by | | | | date of the 15th. The general rule for drafts is |
| BCBSNCÂ(R). Provide them with your | | | | that they occur on the 2nd day in the month that |
| name as it appears on the check, the routing | | | | a policy is effective. If it is after the second of |
| number and the account number and that is all | | | | the month, the draft will occur immediately. |
| you have to do. This is better for all involved. You | | | | For individuals with the Blue Options HSA(SM) plan |
| don't have to remember to write a check. (You | | | | with a 15th effective date , this means that |
| don't want your insurance to lapse because you | | | | potentially they could draft immediately for only |
| were on vacation or were too busy.) It is less | | | | 15 days of premium, then follow with another full |
| expensive for the Blue Cross and Blue Shield of | | | | month draft when the 5th of the next month |
| North CarolinaÂ(R) to debit an account | | | | occurs. Example: Effective date is 3/15, they enroll |
| rather than handle a paper check, and send a | | | | on 3/23 and we draft immediately for 15 days. |
| paper bill. | | | | On 4/5, they draft for a full month. Additionally, a |
| You don't have to worry about | | | | 45-day draft will occur in this example if |
| BCBSNCÂ(R) stopping the automatic debit | | | | enrollment does not occur until 4/1 or after. |
| if you cancel your insurance. Unlike other | | | | |